A strong No. 3 player in the U.S. wireless market would enhance competition, the chief of Deutsche Telekom (DTEGn.DE) told a German newspaper, as T-Mobile US Inc (TMUS.O) seeks to merge with Sprint Corp (S.N). More »
Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday. More »
The Republican-led Federal Communications Commission is moving to quickly undo roadblocks to increased consolidation among media companies, potentially unleashing an onslaught of deals among TV, radio and newspaper owners as they seek to better compete with o... More »
U.S. pharmacy operator CVS Health Corp's (CVS.N) move to buy health insurer Aetna Inc (AET.N) could shore-up CVS' vulnerable pharmacy business and spur another round of dealmaking in an industry fearing Amazon's arrival, analysts said. More »
Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value. More »
U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday. More »
Lei Xu and Justin Song once worked at electric carmaker Tesla Inc, one of the hottest companies in Silicon Valley. But with interest and investments in autonomous vehicles mounting, they left to pursue what they see as the next big thing. More »
In a crowded field of more than 240 startups in self-driving cars, six companies -- four of them in Silicon Valley -- have achieved unicorn status, with valuations of $1 billion or more, according to industry estimates and publicly available data. Here's a clo... More »
Swiss specialty chemicals maker Clariant and Huntsman have agreed to abandon their proposed $20 billion merger, bowing to a growing number of shareholders who had joined activist investor White Tale to oppose the deal. More »
Activist investors who oppose Swiss specialty chemicals maker Clariant's proposed $20 billion merger with U.S.-based Huntsman have boosted their stake to 20 percent, the Swiss stock exchange said on Friday, after Reuters reported the increased holding on Thurs... More »
Technology executive Dave DeWalt has joined early-stage cyber-security venture capital firm Allegis Capital as a managing director, the fund said on Thursday, as it looks to invest more in companies closer to going public. More »
Activist investors seeking to block specialty chemical maker Clariant's $20 billion merger with Huntsman Corp have boosted their stake in the Swiss group above 20 percent, triggering an official disclosure filing, a source familiar with the matter said. More »
Saudi Arabia's Public Investment Fund plans to invest about $1 billion in Richard Branson's space company, Virgin Galactic, and sister companies The Spaceship Company and Virgin Orbit, according to a joint statement published on Thursday. More »
Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. More »
Cisco Systems Inc (CSCO.O), the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc (BSFT.O) for close to $2 billion, a person familiar with the matter said on Sunday. More »
Social Finance Inc discussed a potential sale earlier this year, including with financial services company Charles Schwab Corp, but the talks fell apart over the $8 billion price the online lender sought, the Financial Times reported on Sunday, citing people f... More »
E*Trade Financial Corp (ETFC.O) plans to spend $275 million to acquire a firm that provides custody services and technical support to financial advisers, the discount brokerage firm said on Thursday. More »
Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc (ADP.O), on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product. More »
Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co. More »
Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night. More »
Airbus shares rose on Tuesday after the European planemaker and aerospace group agreed to buy a majority stake in Bombardier's CSeries jetliner program. More »
Australia and New Zealand Banking Group Ltd has sold its pension unit to IOOF Holdings for A$975 million ($766 million), joining the rush of Australian banks quitting non-core and scandal-hit divisions to boost capital. More »
The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. More »
Facebook Inc (FB.O) has acquired tbh, an app popular among teens, as the world's largest social network looks to attract more users. More »
T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according ... More »
Catalan leader Carles Puigdemont came under pressure from one of his key allies on Friday to declare full independence and ignore a threat of direct rule from the Spanish government. More »
BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. More »
BASF (BASFn.DE) will take a look at further assets coming onto the market after agreeing to buy seeds and herbicide businesses from Bayer (BAYGn.DE) for 5.9 billion euros ($7 billion), its chief executive said. More »
Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London's transport regulator that stripped the taxi app of its operating license in one of its most important markets. More »
If you have an aging parent and want a glimpse of what the future holds, look no further than Leslie Glutzer. More »
Altice, the acquisitive telecoms and cable group founded by billionaire Patrick Drahi, announced on Monday a debt refinancing deal which it said would lead to cost savings on interest payments and extend its debt maturity. More »
Credit Agricole's (CAGR.PA) chief, Philippe Brassac, has expressed interest in Commerzbank (CBKG.DE) if the German lender were to be up for sale, according to an interview with the Handelsblatt newspaper. More »
Honeywell International Inc (HON.N) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. More »
An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. More »
Imagine contact lenses that monitor glucose levels for diabetics, tiny implants to tackle chronic diseases, or algorithms that crunch data to predict illness rates. More »
China said on Thursday it has approved HP Inc's (HPQ.N) $1.1 billion purchase of Samsung Electronics' (005930.KS) printer business with certain restrictions, citing concerns about the U.S. firm's dominance of the domestic laser printer market. More »
Chinese internet conglomerate Alibaba Group Holding Ltd (BABA.N) denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association. More »
Hedge fund Elliott Management Corp's attempt to acquire U.S. networking software maker Gigamon Inc has ground to a halt over price disagreements, people familiar with the matter said on Thursday. More »
A Seattle-area startup, backed by the venture capital arms of Boeing Co (BA.N) and JetBlue Airways Corp (JBLU.O) announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022. More »
French pharmaceutical group Sanofi (SASY.PA) is set to start the process to sell its generic drug business in Europe, and at least six funds have expressed interest to investment banks mandated by group, France's Le Figaro newspaper reported. More »
Private equity funds are increasingly selling minority stakes in investments to pension and sovereign wealth funds as they strive to deliver returns for investors while holding onto prized assets in a hotly competitive market for deals. More »
Japan's Toshiba Corp (6502.T) said on Thursday it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit. More »
The boss of Monarch Airlines said he was "absolutely devastated" by the failure of Britain's fifth largest carrier which wrecked the holiday plans of hundreds of thousands of tourists and left most of its staff out of work. More »
Britain's Monarch Airlines [MONA.UL] collapsed on Monday, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound. More »
The U.S. Senate on Monday confirmed Federal Communications Commission Chairman Ajit Pai for another five-year term on the telecommunications regulatory panel where he faces decisions over dismantling Obama-era internet protections and a major television statio... More »
The Chinese owner of former European soccer champions AC Milan is looking for one or more investors to share the financial burden, less than six months after buying the loss-making Italian club, two sources said on Friday. More »
Activist group Avaaz stepped up its battle to stop Rupert Murdoch buying Sky (SKYB.L), launching a legal challenge to the regulator's view that the pay-TV group would still be a "fit and proper" owner of a broadcasting license if the deal goes ahead. More »
Angry Birds maker Rovio Entertainment's shares got off to a flying start on the Finnish firm's stock market debut. More »
Premium car service Addison Lee plans to increase driver numbers in London by up to a quarter, it said on Friday, just as rival Uber [UBER.UL] is set to lose its license in Britain's capital. More »
Italy has launched a process that could end with Telecom Italia (TLIT.MI) being fined for failing to notify Rome that French media group Vivendi (VIV.PA) had assumed de facto control of the phone company, a government source said. More »
Canada outlined its vision for its cultural and entertainment industries on Thursday, promising more money to foster Canadian content at home and abroad and striking a deal in which streaming service Netflix would invest C$500 million to create programming in ... More »
Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion on a bet that it can improve lackluster margins at the unit over the next five years, the Swiss engineering company said on Monday. More »
The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise. More »
An affiliate of Amazon.com Inc has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing. More »
U.S. defense contractor Northrop Grumman Corp (NOC.N) said on Monday it would buy missile and rocket maker Orbital ATK Inc (OA.N) for about $7.8 billion in cash, giving it access to lucrative contracts with NASA and the U.S. Army. More »
Cadwalader, Wickersham & Taft LLP said on Monday that it hired former U.S. Federal Trade Commission (FTC) attorney Bilal Sayyed to strengthen the law firm's antitrust practice. More »
CBS Corp (CBS.N) will pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings (TEN.AX), according to documents released on Monday by Ten's administrator. More »
A group including Bain Capital and South Korea's SK Hynix (000660.KS) has raised its offer for Toshiba Corp's (6502.T) chip business to 2.4 trillion yen ($22.3 billion) including a 200 billion yen investment in infrastructure, sources familiar with the matter ... More »
A group including Western Digital (WDC.O) is seeking around 50 billion yen ($464 million) from Apple Inc (AAPL.O) to help finance a bid for Toshiba Corp's (6502.T) memory chip unit, Kyodo news agency reported on Friday. More »
Some 60 to 70 Swiss private banks are facing serious problems that could force them to close down or sell up, according to a study published on Thursday by consultancy KPMG. More »
The maker of hit mobile phone game "Angry Birds" is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions. More »
Britain's Aveva Group said on Tuesday it had agreed to combine with Schneider Electric's software business to create a London-listed leader in industrial software worth more than 3 billion pounds ($3.88 billion). More »
European shares crept higher on Tuesday, brushing off geopolitical tension as attention turned to deal-making after Aveva's tie-up with Schneider Electric. Financials and health stocks underpinned broader gains. More »
Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores. More »
Aerospace supplier United Technologies Corp (UTX.N) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N), the companies said on Monday, in a deal that bulks up UTC's power with plane makers by creating one of the ... More »
Novartis (NOVN.S) CEO Joe Jimenez will step down on Feb. 1 and hand over to drug development chief Vas Narasimhan to decide the fate of $50 billion in assets and make good on a pledge to return the Swiss company to sales growth. More »
Fujifilm Holdings Corp (4901.T) said it aimed to spend 500 billion yen ($4.54 billion) in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking. More »
Uber Technologies Inc [UBER.UL] said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws. More »
Liechtenstein's LGT Bank, owned by the mini-state's ruling family, hopes to stand out in Asia's crowded private banking market by touting the clan's own track record of preserving wealth. More »
Miner Glencore PLC (GLEN.L) said on Monday it has kicked off a bid to sell its Rolleston thermal coal mine in Australia, together with its joint venture partners, Japanese trading houses Itochu Corp (8001.T) and Sumitomo Corp (8053.T). More »
CBS Corp (CBS.N), the United States' most-watched television network, on Monday said it plans to buy its biggest customer in Australia, Ten Network Holdings Ltd (TEN.AX), and launch its streaming service in the country. More »
General Electric Co (GE.N) wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people fa... More »
listed shares trade on NYSE, not Nasdaq) More »
Western Digital Corp's (WDC.O) chief executive is in Tokyo to finalize an agreement to buy Toshiba Corp's (6502.T) memory chip business, ending months of dispute over the auction, a person familiar with the matter told Reuters on Monday. More »
Danish biotech company Bavarian Nordic expects to get its first milestone payment under a deal with Janssen Pharmaceuticals in 2019, if clinical trials for vaccines targeting hepatitis B and HIV-1 get underway next year, a company executive said. More »
Middle East investment companies are ramping up their lending to businesses, providing a lifeline for small and medium-sized firms struggling to secure finance from banks that tightened credit after a suffering rise in bad loans. More »
Swiss bank Vontobel has agreed to buy a roughly 2 billion Swiss franc ($2.1 billion) portfolio of eastern European private banking clients from Notenstein La Roche Private Bank Ltd, it said on Monday. More »
Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc (BRKa.N) for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy (SRE.N) instead, people... More »
South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) (011200.KS) is in talks with BlackRock Inc (BLK.N) about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday. More »
China Unicom's $11.7 billion ownership reform plan does not violate rules, the nation's securities regulator said, helping shares in the telecom group's units surge as they resumed trade on Monday after speculation that the deal was under scrutiny. More »
South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of sharehold... More »
Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the bil... More »
Delphi Automotive Plc said on Friday it has partnered with laser-based sensor maker Innoviz Technologies to improve vehicle safety for self-driving cars, after making a minority investment in the Israel-based company. More »
A unit of China's Fosun Group and Shanghai Pharmaceuticals Holding Co (601607.SS) are among bidders for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC, the companies said on Monday. More »
Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. More »
Envision Healthcare Corp (EVHC.N) said on Tuesday it would sell its ambulance business to buyout firm KKR & Co (KKR.N) in an all-cash deal valued at $2.4 billion as it sharpens its focus on its core businesses. More »
U.S. financial technology provider Fiserv made an improved offer for Monitise worth about 75 million pounds ($98 million) on Monday, hoping to secure backing from the British financial services technology group's investors. More »
FILE PHOTO: Carlos Tavares (C), Chairman of the Managing Board of French carmaker PSA Group, Mary Barra (L), chairwoman and CEO of General Motors, and Dr Karl-Thomas Neumann, Chairman of the Management Board Opel Group GmbH, pose during a news conference in Pa... More »
The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. Anbang Insurance Group, whose chairman was detained in June, on Tuesday denied a report that it had been told by regulators in China to sell its overseas asset... More »
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. Charter Communications Inc’s shares surged to a record high on Monday after a source said Japan’s SoftBank Group Corp was considering an acquisition ... More »
Extracting venom from scorpions can be a dangerous, but rewarding, task. More »
A VW logo is seen in front of the main building of the Volkswagen brand at the Volkswagen headquarters, in Wolfsburg, Germany May 19, 2017. Volkswagen (VOWG_p.DE) is considering options for majority-owned transmissions maker Renk (ZARG.F), as the German carmak... More »
French payments company Worldline has agreed to buy Swedish peer Digital River World Payments as merger activity in the payments sector picks up following this month’s takeover of Worldpay. More »
A Saudi woman shows the Careem app on her mobile phone in Riyadh, Saudi Arabia, January 2, 2017. Ride-hailing firm Careem, a Middle East rival to Uber Technologies Inc, has bought a minority stake in a three-month-old Egyptian start-up that connects commuters ... More »
Building maintenance and janitorial services provider ABM Industries Inc said it would buy privately held rival GCA Services Group for about $1.25 billion in cash and stock to enhance its presence in the education and commercial markets. More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. Britain’s Equiniti Group Plc said it would buy Wells Fargo & Co’s share registration business for $227 million as it looks to enter the United States, the largest and most active sh... More »
A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. Barclays (BARC.L) announced on Wednesday board appointments for its non-ring fenced business Barclays International (BI), to comply with new post-crisis rules forcing British ban... More »
FILE PHOTO: A robotic arm fills a glass with Bavarian Weiss beer at the booth of German company Kuka at the world’s biggest industrial fair, “Hannover Fair”, in Hanover, Germany April 24, 2017. Germany has approved rules to make it easier to block the sale of ... More »
The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but it... More »
FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. SK Hynix Inc said on Wednesday it does not plan to abandon its aim to gain equity in Toshiba Corp’s $18 billion chip unit – an assertion that is likely to lo... More »
