Teva Pharm finalizing asset sales to clear Allergan deal: source
(Reuters) – Teva Pharmaceutical Industries Ltd is finalizing as much as $2 billion in asset sale agreements to win U.S. antitrust clearance for its $40.5 billion acquisition of Allergan Plc’s generic drug portfolio, according to a source familiar with …
Sumner Redstone’s ex-girlfriend must sway judge on incompetence claim
SAN FRANCISCO/LOS ANGELES (Reuters) – Sumner Redstone’s much-discussed mental state will be dissected in public during a trial set to start on Friday, as an ex-girlfriend tries to convince a Los Angeles judge that the 92-year-old media mogul is incompe…
Oil up as fire curbs Canada output; higher dollar, stockpiles cap gains
NEW YORK (Reuters) – Oil prices surged on Thursday after a raging wildfire near Canada’s oil sands region curbed output that mainly flows to the United States, before settling off their highs as a rebounding dollar and a huge U.S. stockpile build cut i…
Alibaba’s revenue soars, but new ventures hit profit
(Reuters) – Alibaba Group Holding Ltd, China’s biggest e-commerce company, said fourth-quarter sales rose 39 percent after its core online shopping business grew, but profit fell for the first time as it spent on ventures like food delivery.
Exclusive: Shift in Saudi oil thinking deepens OPEC split
LONDON/DUBAI (Reuters) – As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But even the most jaded delegates got more than they had bargained with.
South Africa extends regulatory scrutiny of SAB, AB InBev for fifth time
JOHANNESBURG (Reuters) – South Africa’s competition watchdog was on Thursday granted an extra five days to study Anheuser-Busch InBev’s planned $106 billion takeover of SABMiller – a fifth extension that could delay the consumer industry’s biggest ever…
Sanofi ready to up offer for drugmaker Medivation, could oust board
PARIS (Reuters) – France’s Sanofi said it could raise its proposed $9.3 billion deal to buy Medivation if the U.S. cancer drugmaker engaged in talks, threatening to go directly to shareholders to oust the board if not.
Little risk for Google in retrial vs Oracle over Android
SAN FRANCISCO (Reuters) – Even if a jury orders Alphabet Inc’s Google to pay the full $8.8 billion sought by Oracle Corp in an upcoming San Francisco copyright trial over the Android operating system, shareholders and analysts say it will likely have…
FCC backs Charter purchase of Time Warner Cable, Bright House: sources
WASHINGTON (Reuters) – A majority of the five-member U.S. Federal Communications Commission has voted to approve Charter Communications Inc’s acquisitions of Time Warner Cable Inc and Bright House Networks, two sources briefed on the matter said on T…
Chesapeake to sell some Oklahoma assets to Newfield for $470 million
(Reuters) – Debt-laden Chesapeake Energy Corp , the second-largest U.S. natural gas producer, said on Thursday it was selling $470 million in assets in Oklahoma to Newfield Exploration Co as part of a plan to shore up its finances through divestitures…
