NEW YORK - A former stock broker pleaded guilty on Thursday to charges stemming from a conspiracy to engage in insider trading ahead of a 2009 acquisition by IBM Corp .
- Ireland-based Jazz Pharmaceuticals Plc said it would buy Italian biotech company Gentium S.p.A. for about $1 billion to get access to its lead product candidate, Defitelio, a drug used for the treatment of a rare liver condition.
- U.S.-based Dealertrack Technologies Inc said it will buy automotive website Dealer.com from private equity firm Apax Partners in a deal valued at about $1 billion.
NEW YORK - Liberty Media Corp's top executives estimate that a merger between Charter Communications Inc and Time Warner Cable Inc could generate roughly $700 million in annual synergies, according to people close to the matter.
- Ireland-based Jazz Pharmaceuticals Plc said it would buy Italian biotech company Gentium S.p.A. for about $1 billion to get access to Defitelio, a drug used for the treatment of a rare liver condition.
MILAN/MADRID - Telefonica said on Thursday it had no agreement with BlackRock over Telecom Italia as it sought to dispel concerns it was maneuvering behind the scenes ahead of a shareholder vote over control of the Italian phone group.
BRUSSELS - Belgian financial group KBC said on Thursday it would sell Antwerp Diamond Bank to a Chinese investor, the final unit it agreed to sell for approval of a 7 billion euro ($9.5 billion aid package it received at the height of the financial crisis.
VIENNA - Private equity giant Carlyle Group made a surprise foray into Europe's struggling refining sector by teaming up with Swiss trading house Vitol to co-own refining, storage and distribution assets in Switzerland and Germany.
FRANKFURT/OSLO - Bayer has won backing from the board of Algeta , its partner for a new prostate cancer treatment, for an increased $2.9 billion offer to buy the Norwegian company.
Wed, Dec 18 2013
BRASILIA/SAO PAULO - Brazil awarded a $4.5 billion contract to Saab AB on Wednesday to replace its aging fleet of fighter jets, a surprise coup for the Swedish company after news of U.S. spying on Brazilians helped derail Boeing's chances for the deal.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.