LONDON/NEW YORK Japan's Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.
ZURICH/LONDON First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment. | Video
Weir Group Plc , which makes pumps and valves for the mining and energy industries, said it had agreed to buy ESCO Corp. for $1 billion as it looks to bolster its mining business.
Blackstone Group LP , the largest manager of alternative assets such as private equity and real estate, on Thursday reported a 20 percent drop in first-quarter earnings per share but still beat Wall Street's expectations, as a stock market slump weighed on the value of its holdings.
LONDON Britain's shadow chancellor John McDonnell offered a new pact with the financial services industry on Thursday: higher taxes in return for a seat at the policymaking table if Labour wins the next election.
BANGKOK Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals.
LONDON Unilever believes shareholders will support it moving its primary headquarters to the Netherlands, even though there is some reticence among investors who may be forced to sell their shares.
MELBOURNE BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine.
Bon-Ton Stores Inc won court approval on Wednesday for a bid to wind down its operations, clearing the way for one of the largest U.S. department store chains to begin selling everything from its store inventory to leases and fixtures.
Business News Headlines
- Wall Street opens lower as chip stocks, Apple drag
- Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources
- ZTE woes may boost network rivals Ericsson and Nokia
- U.S. ban on sales to ZTE triggers patriotic rhetoric in China
- P&G earnings beat as struggling retailers, costs eat into margins |
- P&G to buy German Merck's consumer health unit for $4.2 billion
- Venture capital firm Fort Ross aims to bring more U.S. startups to Russia
- Qualcomm concessions insufficient to clinch NXP deal: commerce ministry
- Oil climbs on Saudi price ambitions and U.S. stocks draw