TOKYO (Reuters) – Japanese insurer Dai-ichi Life Co 8750.T is in advanced talks to buy U.S. peer Protective Life Corp PL.N in a deal that could be worth over $5 billion, extending a drive to buy assets abroad as an antidote to a weak domestic outlook. The deal... More »
(Reuters) – GlaxoSmithKline Plc GSK.L has agreed a deal worth more than $350 million with British biotech company Adaptimmune to develop cancer drugs based on novel cell-based therapies. Adaptimmune said on Monday it would collaborate with GSK on its lead clin... More »
(Reuters) – GlaxoSmithKline Plc (GSK.L ) has agreed a deal worth more than $350 million with UK biotech company Adaptimmune to develop cancer drugs, the Financial Times reported on Monday. London-based GSK, which sold its cancer drugs business to Swiss drugmak... More »
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd (IPO-ALIB.N ) is one of several companies that are in talks to invest for a stake in U.S.-based advertising technology firm AppNexus, the Wall Street Journal said, citing sources familiar with the ... More »
LOS ANGELES (Reuters) – Former Microsoft Corp (MSFT.O ) CEO Steve Ballmer has purchased the NBA’s Los Angeles Clippers franchise for $2 billion, a record for a professional basketball team, sole trustee Shelly Sterling announced on Friday. In a news release fr... More »
NEW YORK (Reuters) – When Lorillard Inc bought the blu eCigs brand two years ago, the electronic cigarette had a 10 percent share of a tiny U.S. market, generating about $50 million in sales. It was available in only 12,000 retail outlets and over the Internet... More »
NEW DELHI (Reuters) – India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy’s Finmeccanica (SIFI.MI ), the defense ministry said, after an Italian court lifted a freeze on 228 million euros held with European ba... More »
BEIJING (Reuters) – Japan’s Sony Corp and China’s Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sony’s PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday. One joint ven... More »
TOKYO (Reuters) – Yahoo Japan Corp (4689.T ) has dropped its plan to buy mobile network operator eAccess Ltd from SoftBank Corp (9984.T ) in a 324 billion yen ($3.2 billion) deal that was part of a reorganization of SoftBank group assets. Yahoo Japan, the coun... More »
LONDON (Reuters) – Britain’s AstraZeneca on Monday rejected a sweetened and “final” offer from Pfizer, casting serious doubt on the U.S. drugmaker’s plan for a merger to create the world’s biggest pharmaceuticals group. The rebuff came nine hours after Pfizer ... More »
(Reuters) – AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices. The deal, announced on Sunday, highlights ... More »
(Reuters) – Darden Restaurants Inc (DRI.N ) said it agreed to sell its struggling Red Lobster seafood chain to Golden Gate Capital for $2.1 billion in cash. The company said it expects net cash proceeds of about $1.6 billion, of which about $1 billion would be... More »
(Reuters) – Chesapeake Energy Corp (CHK.N ), the second-largest U.S. natural gas producer, said it expects to raise more than $4 billion this year from asset sales and by spinning off its oilfield services division. Chesapeake said the asset sales and divestit... More »
LONDON (Reuters) – Pfizer (PFE.N ) said it would ringfence the development of important drugs if it acquired AstraZeneca (AZN.L ), rejecting a charge from the British company that a takeover would disrupt important research and put lives at risk. “As we put th... More »
(Reuters) – Yahoo Inc has bought Blink, a mobile messaging startup whose app lets users send messages that will self-destruct at a time set by the sender. The deal, which Blink announced on its website, comes days after rival Snapchat settled charges with U.S.... More »
LONDON/FRANKFURT (Reuters) – Britain’s largest pay-TV company BSkyB is in talks to buy Sky Deutschland and Sky Italia, a 10 billion euro deal that would realize Rupert Murdoch’s long-held ambition to combine his European TV interests in a single business. The ... More »
(Reuters) – Hillshire Brands Co said it would buy Pinnacle Foods Inc for about $6.6 billion including debt, adding products such as Duncan Hines baking mixes to its portfolio that includes Jimmy Dean sausages and Hillshire Farm luncheon meats. Hillshire, forme... More »
MOSCOW (Reuters) – Russian Deputy Energy Minister Anatoly Yanovsky said on Monday a long-awaited deal for natural gas producer Gazprom (GAZP.MM ) to supply China with gas was close to completion. “We hope that the negotiations will be completed as scheduled,” ... More »
SAN FRANCISCO (Reuters) – Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in history... More »
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it’s certainly no stranger to the investors of Silicon Valley. In the past 18 months, the Chinese e-commerce giant has burrowed its way into the V... More »
TAIPEI (Reuters) – Hon Hai Precision Industry Co Ltd, which makes iPhones for Apple Inc, is in talks to buy 22 percent of compatriot mobile network provider Asia Pacific Telecom Co Ltd, local media reported citing unidentified sources. The deal will be worth T... More »
TORONTO/NEW YORK (Reuters) – For Harlequin Enterprises Ltd, the romance novel publisher that News Corp agreed to buy for $415 million, the title of one of its latest offerings, “My Fair Billionaire,” could well refer to Rupert Murdoch. Murdoch’s News Corp said... More »
BOSTON (Reuters) – William Ackman’s Pershing Square Capital Management is already sitting on a $1.2 billion gain above his trading costs on his bet on Botox-maker Allergan Inc, according to a filing made on Friday. Allergan shares are now trading about 34 perc... More »
(Reuters) – U.S.-based Viacom Inc said on Thursday it would buy British TV broadcaster Channel 5 from media baron Richard Desmond for $760 million (450 million pounds) as a keystone to develop its worldwide presence. Viacom, which owns a stable of cable channe... More »
LONDON/NEW YORK/PARIS (Reuters) – Publicis and Omnicom have lost more than $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge Samsung contract, just as the two advertising firms struggle to keep their merger ... More »
PARIS (Reuters) – France will block any deal involving engineering group Alstom it considers unfit, Economy Minister Arnaud Montebourg said ahead of a meeting between President Francois Hollande and General Electric’s chief executive to discuss Alstom’s future... More »
LONDON (Reuters) – U.S. drugmaker Pfizer Inc is working on its next move in a potential $100 billion bid battle for Britain’s AstraZeneca Plc after having two bids rejected, as deal-making grips the healthcare industry. Pfizer said on Monday it made a 58.8 bil... More »
KUALA LUMPUR (Reuters) – President Barack Obama watched over the signing of three business deals in Malaysia on Monday, using the opportunity to promote U.S. commercial expertise during a four-country swing through Asia. The president has sought during stops i... More »
DUBAI (Reuters) – Abu Dhabi’s Etisalat has signed a two-part 3.15 billion euros ($4.36 billion) facility to help fund its acquisition of a 53 percent stake in Maroc Telecom, the Gulf telecom operator said in a bourse statement on Monday. The bulk of the facili... More »
BOSTON/NEW YORK (Reuters) – Activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to make a joint run at buying wrinkle-treatment maker Allergan Inc, according to security filings on Monday. The move to ac... More »
FRANKFURT (Reuters) – Lufthansa’s IT infrastructure business, which the airline is trying to sell, is drawing interest from IBM, Hewlett-Packard and France’s Atos, German paper Frankfurter Allgemeine Zeitung (FAZ) reported, without citing any sources. Lufthans... More »
LONDON (Reuters) – Pfizer Inc may come back to bid for British drug company AstraZeneca Plc after its reported 60 billion pound ($101 billion) takeover approach was rejected, since a deal could make sense for the U.S. pharmaceuticals giant as it seeks to build... More »
(Reuters) – China’s Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service’s slowing user growth and the country’s highly censored media environment. The T... More »
TAMPA/WASHINGTON (Reuters) – The U.S. intelligence community has thrown its support behind a bid by commercial space imagery provider DigitalGlobe Inc to sell higher resolution images from its satellites, the leading U.S. intelligence official said Tuesday. Di... More »
WASHINGTON (Reuters) – U.S. regulators should approve the proposed $45.2 billion merger of two biggest U.S. cable providers Comcast Corp and Time Warner Cable Inc, but set “clear conditions,” Washington Post’s editorial board said on Tuesday. Public interest g... More »
NEW YORK (Reuters) – After years of responding to shareholder calls for stock buybacks and dividends, major American companies are hearing a different demand from investors: buy growth. In a low-growth economy in which earnings gains have trailed a run-up in s... More »
(Reuters) – The co-founder and former chief executive of Maker Studios, Danny Zappin, filed a lawsuit aimed at preventing a shareholder vote on a takeover offer from Walt Disney Co, the Wall Street Journal reported on Thursday. Zappin and three other former Ma... More »
SAN FRANCISCO (Reuters) – Amazon.com Inc will buy New York-based digital comic book publisher comiXology for an undisclosed sum to beef up its entertainment content. The deal, announced on Thursday, is expected to close in the second quarter. ComiXology, which... More »
BOSTON (Reuters) – Fidelity Investments said on Thursday it is exploring the creation of a new trading venue with other asset managers, as U.S. regulators investigate the controversial practice of high-frequency trading. Fidelity, the No. 2 U.S. mutual fund co... More »
WASHINGTON (Reuters) – Comcast Corp and Time Warner Cable Inc executives sought to reassure lawmakers on Wednesday that their planned merger would not send cable TV prices skyrocketing but found a fair amount of congressional skepticism. The Senate Judiciary C... More »
SYDNEY (Reuters) – South African retailer Woolworths Holdings Ltd (WHLJ.J ) is set to buy Australia’s second-largest department store David Jones (DJS.AX ) for $2 billion, trumping a merger proposal from Australian rival Myer Holdings Ltd (MYR.AX ) with a heft... More »
WASHINGTON (Reuters) – Executives from Comcast Corp (CMCSA.O ) and Time Warner Cable Inc (TWC.N ) are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2-billion deal was annou... More »
WASHINGTON/NEW YORK (Reuters) – Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets. In a 175-page... More »
(Reuters) – BlackRock Inc, the world’s largest money manager, has hired Barry Knapp from Barclays to head its newly formed Thematic Strategies team, according to an internal memo seen by Reuters on Tuesday. Knapp, who will join BlackRock’s New York office this... More »
WASHINGTON (Reuters) – Comcast Corp and Time Warner Cable Inc executives will face one of the toughest critics of their proposed merger when they go before a U.S. Senate panel this week. The Senate Judiciary Committee will hear from Comcast Executive Vice Pres... More »
PARIS (Reuters) – Airbus dropped behind U.S. rival Boeing (BA.N ) in the race for new airplane deals in the first quarter after a pair of wide-body order cancellations, while Boeing finalized a major Canadian sale, company data showed on Friday. Airbus, a subs... More »
(Reuters) – John Malone’s Liberty Media Corp said on Thursday it has sold almost all of its stake in Barnes & Noble Inc, ending a nearly three-year bet that the struggling retailer would emerge as a dominant seller of e-books. The sale of Liberty’s shares, exp... More »
TOKYO (Reuters) – Renesas Electronics Corp is talking with Apple Inc and other potential buyers of a stake in a smartphone display chip unit, as the struggling Japanese chipmaker restructures its business around the automotive industry, said a person familiar ... More »
TOKYO (Reuters) – Japan’s Renesas Electronics Corp has talked with several companies, including Apple Inc, on a possible sale of its display chip design unit, a source familiar with the situation said on Wednesday. The source declined to comment further on the... More »
NEW YORK/SAO PAULO (Reuters) – Brazil’s securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA’s 6 billion real ($2.7 billion) share offering, paving the way for the Brazilian telecommunications company’s merger with Portugal Telecom SG... More »
(Reuters) – Selling Internet and phone service to businesses is hardly the sexiest part of the cable industry, but it has got a definite allure for the architects of the $45.2 billion merger of Comcast and Time Warner Cable. The two companies’ sales to busines... More »
HONG KONG (Reuters) – China’s Alibaba Group Holding Ltd agreed to invest $692 million in a Chinese department store operator as the e-commerce giant looks to bring the benefits and convenience of online shopping to customers who visit real bricks-and-mortar st... More »
TOKYO (Reuters) – Japan’s Mitsubishi Motors Corp (7211.T ) said it has bought the site of a former auto plant in the Philippines from Ford Motor Co (F.N ), beefing up production as it targets a near-50 percent sales boost in fast-growing Southeast Asia markets... More »
TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T ) will buy a car plant from Ford Motor Co (F.N ) in the Philippines for around 10 billion to 15 billion yen ($97 million-$145.7 million), the Nikkei newspaper reported on Monday without citing sources. The newsp... More »
NEW YORK (Reuters) – In the weeks leading up to the IPO of King Digital Entertainment, the company’s bankers scrambled to persuade investors that the maker of popular online game “Candy Crush Saga” was more than a one-trick pony, according to a source familiar... More »
(Reuters) – Time Warner Cable Inc said on Friday it was committed to a deal reached with larger cable operator Comcast Corp in response to calls by Charter Communications that shareholders reject the $45 billion merger. Charter, which was rebuffed in its bid f... More »
WASHINGTON (Reuters) – Comcast Corp’s Executive Vice President David Cohen will testify at a hearing in the U.S. Senate on April 9 about his company’s plans to buy Time Warner Cable Inc, a Comcast spokeswoman said on Thursday. The Senate Judiciary Committee wi... More »
(Reuters) – Dish Network Corp Chief Executive Officer Charlie Ergen recently contacted DirecTV CEO Mike White to discuss a possible tie-up of the companies, Bloomberg reported, citing sources familiar with the matter. White is reluctant to pursue a deal and no... More »
SAN FRANCISCO (Reuters) – Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal. The acquisition, which... More »
(Reuters) – Mobile game maker King Digital Entertainment Plc priced its initial public offering on Tuesday at the mid-point of its expected range, valuing the “Candy Crush Saga” maker at about $7.1 billion despite questions about whether it can replicate the s... More »
(Reuters) – Mobile game maker King Digital Entertainment Plc said that its IPO was priced at $22.50 per share, which would value the maker of “Candy Crush Saga” at about $7.08 billion when it goes public on Wednesday. King’s offering of 22.2 million shares wou... More »
WASHINGTON (Reuters) – The U.S. Senate Judiciary Committee has postponed a hearing on Comcast’s plan to merge with Time Warner Cable until April 9, the committee said on Tuesday. The hearing had previously been scheduled for April 2. The committee gave no reas... More »
SAO PAULO (Reuters) – Fixed-income instruments in Brazil are trading currently at attractive prices for investors with a long-term focus, a senior fund manager at Pacific Investment Management Co said on Tuesday, a fact validated by a spike in investment inflo... More »
LOS ANGELES (Reuters) – The Walt Disney Co has agreed to buy Maker Studios, one of YouTube’s largest networks, for $500 million, a deal that makes Disney a major online video distributor and should help draw more teens into the Disney entertainment empire. The... More »
SINGAPORE (Reuters) – Singapore’s Tiger Airways Holdings Ltd (TAHL.SI ) has placed an order for 37 Airbus (AIR.PA ) A320neo aircraft worth $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday. ... More »
SEOUL (Reuters) – South Korea expects to pay around 7.34 trillion won ($6.79 billion) for 40 Lockheed Martin (LMT.N ) F-35 fighter jets, two sources with knowledge of the matter said on Monday, as Seoul boosts its air defenses amid simmering tensions in the re... More »
LONDON (Reuters) – Britain’s Tesco (TSCO.L ) has sealed a joint venture agreement with a unit of India’s Tata Group that will see it invest $140 million and become the first foreign supermarket to enter the country’s $500 billion pounds retail sector. Tesco sa... More »
HONG KONG (Reuters) – Singapore state investor Temasek Holdings TEM.UL has agreed to buy almost a quarter of health and beauty retailer A.S. Watson for about $5.7 billion in what would be its single biggest investment and one that would boost its exposure to A... More »
WASHINGTON (Reuters) – Florida and other U.S. states will join the Justice Department in seeking to determine if Comcast’s plan to merge with Time Warner Cable is legal under U.S. antitrust law, Florida officials told Reuters. Comcast shares slipped just over ... More »
(Reuters) – Stock market index provider MSCI Inc said it would sell influential governance unit Institutional Shareholder Services (ISS) to private equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services busin... More »
LONDON (Reuters) – Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros ($10 billion), in the latest move by the British group to rebuild its European operations with a broadband offering. Vodafone said on Monday the de... More »
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the United States and is in discussions with six banks to underwrite the deal, in what is set to the most high-profile public offering since Fa... More »
(Reuters) – Britain’s Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros ($10.03 billion) in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters. The purchase of private equity-backed Ono will b... More »
(Reuters) – British media baron Richard Desmond is considering a stock market listing of free-to-air TV broadcaster Channel 5, Sky News reported, citing sources. Desmond is working with investment bankers from Goldman Sachs on the possible floatation, Sky News... More »
HONG KONG (Reuters) – Singapore’s DBS Group Holdings has agreed to buy Societe Generale’s (SocGen) Asian private bank for about $250 million, with an announcement expected as early as Monday, sources familiar with the matter told Reuters. The deal with the Fre... More »
PANAMA CITY (Reuters) – The Panama Canal Authority has signed a deal to end a major dispute over the multibillion-dollar expansion of the waterway, an official said on Thursday, raising hopes that the consortium behind the project will follow suit before the w... More »
SINGAPORE/HONG KONG (Reuters) – A Temasek-led shareholders group has offered to pay $2.1 billion in cash for shares in Olam International Ltd (OLAM.SI ) they don’t already own, putting the heft of the Singaporean state investor behind the commodity trading fir... More »
SAN FRANCISCO (Reuters) – King Digital Entertainment Plc struck gold with “Candy Crush Saga,” the runaway hit that made its way onto hundreds of millions of smartphones and spawned a $1.5 billion franchise. Now, the rest of the smartphone game industry is wait... More »
(Reuters) – Men’s Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival. The companies, operating in a mature market, have ... More »
SHANGHAI (Reuters) – Chinese PC maker Lenovo Group Ltd said it was up to IBM to resolve a wildcat strike at a China-based factory, as a deal to buy the U.S. company’s server business had yet to be finalized. More than 1,000 workers went on strike last week to ... More »
NEW YORK (Reuters) – Chobani, the Greek yogurt maker that has grown into a U.S. sensation, is looking to sell a minority stake in a deal that could value the company at around $2.5 billion, people familiar with the matter said. The company is working with Bank... More »
LONDON (Reuters) – Morgan Stanley (MS.N ) has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment. Morgan Stanley said on Thursday that... More »
(Reuters) – Dish Network Corp and Walt Disney Co have reached a long-term programming deal, allowing the No. 2 satellite TV provider to carry Disney-owned networks such as ABC and ESPN and deliver the content outside of a traditional TV subscription. The deal ... More »
DUBLIN/LONDON (Reuters) – Two of Bank of Ireland’s (BKIR.I ) largest shareholders, who helped keep it out of state hands at the height of the euro zone debt crisis in 2011, stand to more than triple their money when they sell back a part of their stake on Tues... More »
MADRID (Reuters) – Hedge fund managers George Soros and John Paulson have both taken a 92 million euro ($127 million) stake in a new Spanish property investment vehicle called Hispania, the Financial Times reported on Saturday citing sources close to the deal.... More »
(Reuters) – Comcast is considering spinning off the 3 million subscribers it has offered to divest as part of its proposed $45.2 billion takeover of Time Warner Cable, into a publicly traded company, according to sources familiar with the matter. The sources, ... More »
(Reuters) – AT&T Inc said it is talks with Netflix about a possible agreement to improve performance for broadband customers who use the streaming video service. AT&T spokesman Mark Siegel said in a statement that “we’re in discussions with Netflix to establis... More »
SAN FRANCISCO/BARCELONA (Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg will take a victory lap at the world’s largest mobile technology conference in Barcelona on Monday, after beating out Google Inc in a $19 billion acquisition of free messa... More »
(Reuters) – John Malone-backed Discovery Communications Inc is in talks with British Sky Broadcasting Group Plc over a joint bid for Britain’s free-to-air Channel 5, the Financial Times reported on Friday. The Discovery-BSkyB talks have focused on the British ... More »
(Reuters) – Ally Financial Inc is hoping for an initial public offering of as much as $4.5 billion next month, sources familiar with the matter said, in a deal that would allow the U.S. government to make a profit on its crisis-era bailout of the auto lender. ... More »
(Reuters) – Mexican billionaire Carlos Slim plans to increase his stake in The New York Times Co by exercising at the end of this year warrants he received when he made a major loan to the newspaper company, according to a report in Bloomberg. The report, whic... More »
(Reuters) – Renaissance Learning, an education technology start-up, said on Wednesday that Google Inc’s investment fund had bought a minority stake in the company, valuing it at $1 billion. Renaissance, owned by British private equity firm Permira, provides cl... More »
BERLIN (Reuters) – Volkswagen’s top labor representative threatened on Wednesday to try to block further investments by the German carmaker in the southern United States if its workers there are not unionized. Workers at VW’s factory in Chattanooga, Tennessee,... More »
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday. Berkshire had taken the Dish position in the sec... More »
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday. Berkshire had taken the Dish position in the sec... More »
NEW YORK (Reuters) – Talks between Comcast Corp and Charter Communications Inc over how they could together buy Time Warner Cable Inc quickly soured as the two bickered over price and the feasibility of engineering a split of the No. 2 U.S. cable operator. Cha... More »
(Reuters) – Comcast Corp’s proposed $45.2 billion takeover of Time Warner Cable Inc could face close scrutiny from U.S. antitrust regulators because of the deal’s potential to reshape the country’s pay TV and broadband markets. The company resulting from the m... More »
(Reuters) – Comcast Corp CMSCA.O is buying Time Warner Cable Inc (TWC.N ) for $45.2 billion in an all-stock deal, combining the nation’s two largest cable operators, according to people familiar with the matter. The friendly takeover comes as a surprise after ... More »
PARIS (Reuters) – PSA Peugeot Citroen (PEUP.PA ) has reached an outline deal with Dongfeng (0489.HK ) and France to raise up to 4 billion euros ($5.5 billion) in fresh capital and deepen cooperation with the Chinese carmaker, sources familiar with the matter s... More »
(Reuters) – Berkshire Hathaway Inc said it was in talks with Graham Holdings Co, formerly The Washington Post Co, to trade the shares it owns in the education and media company for control of a yet-to-be-formed unit of Graham. Berkshire Hathaway owns about 1.7... More »
