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International Business Machines Corp. (IBM) agreed to pay Globalfoundries Inc., an investment arm of the government of Abu Dhabi, $1.5 billion to take over its unprofitable chip-manufacturing unit, Bloomberg said, quoting two people with knowledge of the matter. IBM will also receive $200 million...

A consortium of investors are planning to float a $2.2 billion bid for the Reebok business unit of sports goods giant Adidas AG (ADDYY.PK, ADDDF.PK), according to a Wall Street Journal report of Sunday. They intend to make an offer to the board of directors of Adidas. Hong Kong-based private-equity...

German aviation group Deutsche Lufthansa AG (DLAKY, DLAKF) revealed Sunday on their social media site that the pilots union Vereinigung Cockpit have announced a strike again for continental flights from 13.00 on Monday, October 20 to 23.59 on Tuesday, October 21. The move comes as part of the unions...

Honeywell International, Inc. (HON) said its global business aviation unit expects 4 percent average annual industry growth over the next decade. This was revealed bu Honeywell in its 23rd annual business aviation outlook. Honeywell is forecasting up to 9,450 new business jet deliveries worth $280...

Amicus Therapeutics, Inc. (FOLD) reported additional positive data from a Phase 3 study or Study011 of the oral small molecule chaperone migalastat HCl in Fabry disease patients with amenable mutations. The company noted that across all subgroups, patients treated with migalastat compared favorably...

QEP Midstream Partners, LP (QEPM) announced that QEP Resources, Inc. (QEP), through its wholly owned subsidiary, QEP Field Services Co., agreed sell its midstream business to Tesoro Logistics LP (TLLP) in an all cash transaction valued at $2.5 billion, including $230 million to refinance debt at QEPM. In...

Japan's first domestically-built passenger jet, the Mitsubishi Regional Jet, was unveiled on Saturday by Mitsubishi Heavy Industries Ltd. (MHVYF.PK), as the Asian country aims to enter the highly-competitive commercial aircraft market. Mitsubishi Heavy Industries and its subsidiary, Mitsubishi Aircraft...

Pipeline operator Williams Companies Inc. (WMB) is one of the bidders for QEP Resources Inc.'s (QEP) natural gas pipeline unit, Entrada Midstream Inc., Bloomberg reported Saturday, citing people familiar with the matter. A sale of the unit could reportedly be worth about $2.5 billion. QEP Resources...

Gonzalo, a category two hurricane, hit the south-central coast of Bermuda and is moving towards north-east. The hurricane, according to meteorologists is still strong and sustains winds of 105 miles per hour with a 35-mile wide eye.

Drugmaker Pfizer Inc. (PFE) said Friday that the United States Food and Drug Administration has approved an updated label for Embeda extended-release capsules, for oral use, CII, to include abuse-deterrence studies. The updated label states that Embeda has properties that are expected to reduce abuse...

General Motors Co. (GM) said Friday that General Counsel Michael Millikin has informed the company of his decision to retire in early 2015. The company said it will immediately begin an external search for his replacement. Millikin, 66, will remain in his position until the transition of the new...

General Motors Co. (GM) said Friday that it has executed an unsecured $12.5 billion revolving credit facility consisting of a $5 billion three-year facility and a $7.5 billion five-year facility. The facility amends and extends GM's existing $11 billion credit facility. The facility offers improved...

TD Ameritrade Holding Corp. (AMTD) said Friday that it has priced an underwritten public offering of $500 million of the company's senior notes due 2025. The offering is expected to close October 22. The company plans to use the net proceeds from the sale of the notes, together with cash on hand,...

German auto giant Volkswagen AG (VKW.L, VLKAF, VOW.BE) said Friday it is recalling 1 million cars, mainly in the U.S. and China, in order to inspect their rear suspension systems. The company is recalling about 442,265 cars in the U.S. and 126,000 in Canada, Vehicles involved in the recall include...

Atlas Financial Holdings, Inc. (AFH) said Friday that it has agreed to buy Global Liberty Insurance Company of New York along with its affiliated underwriting and premium finance companies for about $25 million, subject to final adjustment. The deal is expected to significantly accelerate Atlas'...