Johnson & Johnson expects to complete Actelion purchase on June 16 Johnson & Johnson (JNJ.N) said the approval of its proposed acquisition of Swiss biotech firm Actelion (ATLN.S) by the European Commission on Friday meant all regulatory approvals required to complete the $30 billion deal had now been received. The […]
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Wilbur Ross seen imposing Mexico sugar deal over industry objections U.S. Commerce Secretary Wilbur Ross is likely to impose a new sugar trade deal with Mexico even if final revisions to it fail to win support from the U.S. industry, trade lawyers and experts say. After announcing a deal this […]
BlackRock urges Exxon to disclose more about climate change-related risks The world's largest asset manager BlackRock Inc (BLK.N) on Friday urged Exxon Mobil Corp (XOM.N) to "enhance its disclosures" regarding risks related to climate change. Less than two weeks ago, shareholders approved a measure calling for increased transparency on […]
Sirius to invest $480 million in Pandora, may be path to music streamingc Sirius XM Holdings Inc (SIRI.O) said on Friday it will invest $480 million in Pandora Media Inc (P.N), giving the satellite radio company better exposure to internet music streaming while providing financial footing to Pandora. While Sirius […]
Western Digital to raise Toshiba chip offer to $18 billion or more Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp's (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a […]
Regional banks may keep lagging without Washington lift A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and that’s not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. While some investors see bargains […]
Firms see big bucks in upgrade of U.S. air traffic control system Inside the control tower at John F. Kennedy International Airport, air traffic controllers can track planes traveling hundreds of miles away. But when it's time for a controller to hand off responsibility for watching a flight, the technology […]
Mexico sugar deal hard to swallow for last U.S. candy cane maker For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of […]
Sterling shaken by UK election shock, fallout limited elsewhere Sterling sagged in Asia on Friday as British elections left no single party with a clear claim to power, sideswiping investors who had already weathered major risk events in the United States and Europe. With the majority of seats counted in […]
Ford offering short-term consumer auto leases through Canvas Silicon Valley's latest mobility startup, a short-term vehicle leasing company called Canvas, is backed by old-school muscle: Ford Motor Credit Co, the dealer and consumer financing arm of U.S. automaker Ford Motor Co (F.N). From its San Francisco base, Canvas started offering […]
