Duke Energy names insider to take over for Rogers
Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO. Rogers, 65, ...
Kabel Deutschland shares rise on takeover interest
Shares in Germany's biggest cable operator are up after Kabel Deutschland received a preliminary takeover proposal from U.S. firm Liberty Global.
Royalty Pharma lets Elan takeover bid expire
Royalty Pharma has let its latest takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a ...
Elan holders OK buyback, vote down 3 deals
Shareholders of Irish drugmaker Elan Corp. PLC have potentially ended a takeover bid from Royalty Pharma by voting in favor of an Elan share buyback ...
Lowe's offers to buy Orchard Supply for $205M
Lowe's plans to expand its California presence with an acquisition of Sears spinoff Orchard Supply Hardware Stores for about $205 million in cash.
Starboard says Smithfield sale undervalues company
One of Smithfield Foods Inc.'s largest shareholders says a $4.72 billion takeover bid from China's largest meat producer falls short of what the ...
Drugmaker Elan plans to explore sale of company
Shares of Elan Corp PLC jumped Friday after the drugmaker said it will explore a possible sale of the company while its board continues to fend off ...
Gannett to buy TV station owner Belo for $1.5B
Gannett Co., the publisher of USA Today, is buying TV station owner Belo Corp. for about $1.5 billion. If approved, the all-cash deal will make ...
Safeway selling supermarkets in Canada
Safeway Inc. is selling its supermarket operations in Canada to food retailer Sobeys for 5.8 billion Canadian dollars ($5.7 billion). Sobeys, a unit ...
CEO of bailed-out Royal Bank of Scotland to leave
Bailed-out U.K. lender Royal Bank of Scotland said Wednesday that Stephen Hester will step down as chief executive later this year — a move that ...
Vodafone makes approach for German cable company
Mobile phone company Vodafone has approached Germany's biggest cable operator about a possible takeover. Vodafone said Wednesday It has had ...
Google snaps up Waze to add to mapping service
Google is buying online mapping service Waze in a $1.03 billion deal that keeps a potentially valuable tool away from its rivals while allowing it to ...
Juncker concedes mistakes on Greek bailout
Former Eurogroup president Jean-Claude Juncker conceded Tuesday that mistakes were made in the bailout of Greece — days after a similar admission by ...
Travelers to buy Canadian insurer for about $1.1B
Property and casualty insurer The Travelers Cos. will spend about $1.1 billion in cash to buy The Dominion of Canada General Insurance Co.
American, US Airways name post-merger leadership
The new American Airlines will have more top executives from smaller but more successful US Airways than from the current American. Five US Airways ...
IHS plans $1.4 billion acquisition of RL Polk
Business information and analytics firm IHS says it will spend $1.4 billion to buy the privately held R.L. Polk, which operates vehicle history report ...
In business, Pakistan's government bleeds
With every flight, Pakistan's state-owned airline demonstrates the economic challenges facing the country's new government. Each time a plane ...
Nuclear plant closures show industry's struggles
The decision to close California's San Onofre nuclear plant is the latest setback for an industry that seemed poised for growth not long ago.
Media General, Young to combine TV operations
Broadcast companies Media General Inc. and New Young Broadcasting Holding Co. said Thursday that they are combining to create a company that will ...
China's top butcher tries to sell US on takeover
At an age when most Chinese executives are long retired, the country's top hog butcher is taking on a daunting new job persuading Americans to allow ...
AMR creditors to vote on merger with US Airways
A federal judge has cleared the way for American Airlines' creditors to vote on a merger with US Airways. U.S. Bankruptcy Judge Sean Lane on Tuesday ...
White House tries to encourage high tech patents
The White House is taking steps to encourage innovation in high tech patents that it calls "a key driver of economic growth." The White House on ...
China approves Penguin-Random House merger
Two of the world's largest publishers, Random House Inc. and Penguin Group, expect to complete a planned merger next month. Parent companies ...
MAA buying Colonial Properties Trust in stock deal
Real estate investment trust Mid-America Apartment Communities Inc. is buying peer Colonial Properties Trust Inc. in an all-stock deal, expanding its ...
Greece's Alpha Bank avoids nationalization
Greece's Alpha Bank says it has raised enough capital to avoid being nationalized, the first Greek bank to meet that target. The country's ...
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