Breaking News

Share SHARE

Onex Corp. (OCX.TO) said it has agreed to acquire SIG Combibloc Group AG for up to 3.75 billion euros or $4.66 billion. The company said 3.58 billion euros or $4.44 billion will be paid at the closing of the transaction, with an additional amount of up to 175 million euros or $217 million payable...

Nyrstar NV (NYRSF.PK), a Belgium-based integrated mining and metals business company, Monday announced that mining and milling activities at its Campo Morado mine in Mexico are temporarily suspended due to a blockade of the mine by the local CTM Trade Union. The suspension will have an impact on the...

Novartis (NVS) announced that the European Commission has approved Signifor (pasireotide) as a new long acting release formulation for once monthly intramuscular injection to treat adult patients with acromegaly for whom surgery is not an option or has not been curative and who are inadequately controlled...

NXP Semiconductors N.V. (NXPI), a Dutch semiconductor company, Monday announced that it has entered into a definitive agreement with Quintic, a Silicon Valley-based supplier of Bluetooth Low Energy product line Qblue. The deal is to acquire assets and IP related to its Wearable and Bluetooth Low Energy...

NXP Semiconductors N.V. (NXPI) Monday said it will buy wearable and bluetooth low energy IC business of Quintic. The transaction is expected to close during the first quarter of 2015. Financial terms of the deal were not revealed. Following the acquisition, Quintic's leadership is expected to join...

Gap brand and Zalando, online fashion web site in Europe, have announced a partnership that will see Gap open its own dedicated online shop within Zalando, Gap Inc. (GPS) said. The American retailer will offer a broad assortment of clothing and accessories for Gap Women, Gap Men, GapKids and babyGap,...

South Korean conglomerate Samsung Electronics Co. Ltd. (SSNLF) is mulling a major rejig of its senior management executives as it continues to lose money and market share at its flagship mobile phone business, according to a report in Korea Times in Sunday. The management reshuffle is expected to begin...

Mining giant BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L) announced Monday plans to focus on operating and capital productivity by raising annualized productivity gains target and cutting 2015 planned investment without impacting production growth outlook. BHP Billiton said it is now targeting $4 billion...

Aurobindo Pharma USA said that it has voluntarily recalled lot GESB14011-A of Gabapentin Capsules, USP 300 mg 100-count bottles to the consumer level. The product lot has been found to contain some empty capsules. Empty capsules could result in missed dose(s) of gabapentin resulting in adverse health...

British life and health insurer Aviva plc (AV.L, AV) agreed Friday to the terms for possible all-stock acquisition of smaller rival Friends Life Group Ltd. (FLG.L) to create UK's leading insurance, savings and asset management business with 16 million customers. The two companies confirmed that they...

Mining company BHP Billiton (BHP, BBL, BLT.L, BHP.AX) said it plans to further cut costs as it grapples with lower prices for coal and other commodities. BHP anticipates savings of $4 billion by June 2017, through cost cutting measures and increasing commodity volumes. Also the company intends...

CME Group Inc (CME), the diverse derivatives marketplace, on Sunday announced the launch of trading and clearing services for the Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures contract. Pending CFTC review, this new cash-settled futures contract will be listed on CME Globex and the NYMEX...

Jacobs Engineering Group Inc (JEC) Sunday announced the retirement of Craig Martin as President and Chief Executive Officer and a member of the Board of Directors, effective on December 26, 2014, the last day of Jacobs' first quarter of fiscal 2015. Martin elected to retire for health reasons. He...

CGN Power Co, the Chinese nuclear power plant operator, is planning to raise up to US$3.16 billion in an initial public offering in Hong Kong, the Wall Street Journal said Sunday. The company intends to offer 8.83 billion shares in a price range of HK$2.43 to HK$2.78 per share on Monday, the Journal...

Aereo, the online video streaming company, announced that it has filed for Chapter 11 reorganization proceedings. The company appointed Lawton Bloom of Argus to serve as Chief Restructuring Officer. The company's service that allowed subscribers to view live and time-shifted streams of over-the-air...