British American Tobacco plc Tuesday said it has agreed to buy the remaining 57.8 percent of Reynolds American Inc. it does not already own in $49.4 billion cash and stock deal. The companies said the deal would create a stronger, truly global tobacco and Next Generation Products company.
The British tobacco major currently owns 42.2 percent of Reynolds.
Ringling Bros. and Barnum & Bailey Circus, called as the Greatest Show on Earth, is coming to and end after 146 years of live entertainment. The decision reflects higher operating costs, and bigger than expected decline in ticket sales, mainly after the transition of the elephants off the circus.
An investigation by Samsung Electronics Co Ltd. has found out that battery caused the fire issues with the abandoned Galaxy Note 7 smartphones, Reuters reported Monday, citing people familiar with the matter. The South Korean conglomerate has concluded the investigation into the explosions that resulted in the massive recall of Galaxy Note 7.
Airbus Group SE plans to test a prototype for a self-piloted flying car by the end of 2017, Reuters reported, citing the aerospace group's chief executive officer Tom Enders. In order to alleviate urban congestion and to address the rising concern of rush-hour traffic, Airbus is looking skywards to develop three ambitious projects.
Luxury coat maker Canada Goose Inc. Is reportedly planning for an initial public offering or IPO within next three months.
The Toronto based winter-apparel maker aims for a valuation of up to $2 billion and to raise up to $300 million through IPO.
France-based optical-lens maker Essilor International SA (EL), Delfin and Ray-Ban maker Luxottica Group (LUX) Monday announced their plan to merge in a deal valued around $49 billion. Essilor would become a holding company with the new name "EssilorLuxottic."
European stocks fell on Monday, led lower by banking and auto stocks, after Canadian rating agency DBRS cut Italy's sovereign credit rating and the pound dropped against the dollar and euro on growing concerns about a 'hard' Brexit.
U.K. stocks also edged lower after touching a fresh record high...
In an interview with The Times of London, the President-elect Donald Trump said he would continue to his twitter handle @realDonaldTrump. The account created in march 2009 has 46 million followers.
European stocks are seen opening mostly lower on Monday amid fears British Prime Minister Theresa May will this week signal plans for a "hard Brexit''. However, with the British pound falling more than 1 percent, U.K. stocks may see a positive open.
In a long-awaited speech to be delivered at Lancaster...
The Centers for Medicare & Medicaid Services has classified DexCom Inc.'s (DXCM) therapeutic Continuous Glucose Monitors as "Durable Medical Equipment" under Medicare Part B.
While buying interest was somewhat subdued, stocks managed to end Friday's trading mostly higher. With the gains on the day, the tech-heavy Nasdaq reached a new record closing high.
Republicans in Congress took another step toward repealing the healthcare reform law known as Obamacare on Friday. The House voted 227 to 198 in favor of a budget resolution that instructs committees to write legislation repealing Obamacare.
The US has indicted three former Takata executives for fraud and conspiracy regarding the exploding airbags.
The US government has flied criminal charges against Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi. All three had worked for Takata until around 2015 in the United States and Japan.
A US appeals court has revived a lawsuit that accuses Apple monopolizing the sale of iOS applications using App Store.
The 9th US Circuit Court of Appeals overturned a lower court decision and said that iOS app purchasers have the legal right to sue the iPhone maker.
The lawsuit claims that lack...
As lawmakers take the first steps toward repealing the healthcare reform law known as Obamacare, the results of a Quinnipiac University poll found little support for a complete repeal of the law.