TOKYO SoftBank Group Corp reported flat first-quarter operating profit as solid earnings for its domestic telecommunications business offset losses at U.S. unit Sprint Corp .
HONG KONG/MUMBAI Shanghai Fosun Pharmaceutical Group Co Ltd has agreed to buy Gland Pharma - backed by KKR & Co LP - for about $1.4 billion, a person with direct knowledge of the matter said, in India's largest inbound acquisition this year.
U.S. electric component distributor Avnet Inc agreed to buy Britain's Premier Farnell Plc for 691 million pounds ($910.7 million) in cash, becoming the second suitor for the mini-computer maker.
NEW YORK For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Their world already changed a few months ago, when the company said it would jettison its messaging system that has been the norm for oil traders since the late 1990s.
TOKYO U.S. buyout firm Bain Capital is selling part of its Japan hotel assets through a real estate investment trust (REIT) initial public offering (IPO) in Tokyo that may raise nearly 20 billion yen ($190.35 million), sources familiar with the matter said.
It's a tearful night for some Bernie Sanders supporters at this year's Democratic National Convention, as delegates from all 57 U.S. states and territories cast their votes, ensuring Secretary Hillary Clinton the Democratic presidential nomination.