DJIA: 17,550.69  -47.51 (-0.27%) | NASDAQ: 5,105.546  -9.836 (-0.19%) | S&P 500: 2,093.32  -4.72 (-0.22%) Markets status unavailable

  • Show Article Details

    Drugmaker Shire said on Tuesday it was seeking to buy Baxalta (BXLT) , a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases. The London-listed group went public with its approach after the U.S. firm turned it down.

  • Show Article Details

    The following bids, mergers, acquisitions. ** Britain has sold a 2.1 billion pound stake in Royal Bank of Scotland to kick off the disposal of its holding seven years after bailing out the bank, sparking a political row that the sale at a loss was being hurried.

  • Show Article Details

    Britain took a 1.1 billion pound loss on its first sale of shares in Royal Bank of Scotland (RBS) on Tuesday, sparking accusations of poor timing from opposition politicians. The UK government sold a 5.4 percent stake in RBS at 330 pence per share, a third below the price paid when Britain rescued the bank with 45.8 billion pounds of taxpayer cash at the peak of the 2007/09 financial crisis.

  • Show Article Details

    * UK government sells 5.4 pct of RBS to leave it with 73 pct. * Stake sold at 330 pence/shr, 2.3 pct discount. * Would have been easier to duck selling at a loss -Osborne. By Steve Slater.

  • Show Article Details

    India's Acme Solar has won bids for at least 446 megawatts in the country's largest solar tender in southern Telangana state, a top company executive said on Tuesday. "There is a chance we can go to 455 MW depending on the bidding criteria," Chairman Manoj Upadhyay told Reuters, adding that the company's average bid price was close to 5.80 rupees per unit.

  • Show Article Details

    Nokia' s digital mapping unit looks like an expensive safety feature for Germany's car makers. AudiNSU, BMW and Daimler on Monday emerged as victors after an intense bidding war for HERE. The price tag was within analysts' expectations at EUR2.8 billion, or about 2.5 times 2015 sales, but this is still a move into a capital-intensive area where auto makers have little expertise.

  • Show Article Details

    The following are the top stories in the Financial Times. Headlines. BRAZIL ARRESTS FORMER LULA AIDE IN PETROBRAS PROBE. MOODY'S WARNS OVER LENDING CRACKDOWN THREAT TO REFINANCING. INDUSTRIALIST WALKS AWAY FROM BUYING TATA'S STEEL PLANT. PIMCO PROBED BY SEC OVER TOTAL RETURN ETF. Overview.

  • Show Article Details

    Restructuring advisory firm Houlihan Lokey Inc. said Monday it would look to price its shares on the New York Stock Exchange at between $22 and $24. The Los Angeles-based company will sell about 13 million shares, not including a 2 million share underwriters option, to raise $345 million at the midpoint of the range, according to an amended S-1 filed with the Securities and Exchange Commission.

  • Show Article Details

    AT&T (T) will launch a bundle of TV and wireless phone services nationwide starting Aug. 10. While there have been concerns that millennials are shunning traditional cable packages for slimmed down "on demand" services, the majority of U.S. households are still tied into bundled packages that include Internet and TV entertainment options.

  • Show Article Details

    Banco Bradesco SA sat on the sidelines for years while Brazilian banking rivals bulked up through a series of takeovers. Now comes the hard part - integrating that business, including HSBC's (HSBC) 851 branches, 5 million clients and 21,000 employees in Brazil, in the midst of the country's worst economic downturn in 25 years.

  • Show Article Details

    Late Friday, Yahoo (YHOO)! Polyvore? You can be forgiven for not having heard of them. Polyvore raised $22 million in venture capital money over three rounds since 2007, with their last round coming in 2012. My read on this deal is that style/fashion intrigued Marissa Mayer, Yahoo!'s CEO. I would think that Yahoo (YHOO)! Will it lead to increased revenue and EBITDA for Yahoo!?

  • Show Article Details

    Copper falls to six-year low. Gold futures started August on a sour note, with the precious metal weighed down by a stronger dollar ahead of a key employment report Friday that could set the tempo for the Federal Reserve's first interest-rate hike since 2006.. Renewed expectations that the Fed will hike rates as early as September has bolstered the dollar and tarnished the attractiveness of the yellow metal, which has been trading at its lowest level in five years.

  • Show Article Details

    The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world powers over the Middle Eastern country's nuclear programme.