Medtronic nears $45 billion-plus deal for Covidien: sources
(Reuters) – U.S. medical device maker Medtronic Inc is in advanced talks to buy rival Covidien Plc in a deal valued at $45 billion to $50 billion, people familiar with the matter said on Saturday.
Ukraine, Russia agree to hold new gas talks on Sunday
KIEV (Reuters) – Ukraine and Russia failed to end a gas pricing dispute at talks on Saturday but agreed to meet again on Sunday, a day before a Russian deadline for Kiev to pay a $1.95 billion debt or have its gas supplies cut off.
Valeant senior official leaves amid Allergan takeover battle
(Reuters) – An executive vice-president of Valeant Pharmaceuticals International Inc will leave the company, even as the Canadian drugmaker fends off criticism about management turnover from its takeover target Allergan Inc .
UK Serious Fraud Office pursues investigation of Alstom: FT
LONDON (Reuters) – Britain’s Serious Fraud Office (SFO) is pursuing its investigation of alleged corruption at Alstom as a major transatlantic takeover battle for the French engineering conglomerate reaches a climax, the Financial Times reported on Sat…
Infosys founder plays down top management exits; focuses on innovation
BANGALORE (Reuters) – Infosys has enough senior managers to run the business even if more executives leave India’s second-largest IT services exporter, its founder said on Saturday, after a spate of staff exits triggered concerns about a leadership vac…
BlackRock says Credit Suisse guilty plea has no impact on relationship: paper
ZURICH (Reuters) – BlackRock Inc. said Credit Suisse’s guilty plea in a U.S. tax evasion case does not affect its business relationship with the Swiss bank, the chief executive of the world’s biggest asset manager told a Swiss newspaper.
Bayer faces law suits in United States over Xarelto: paper
FRANKFURT (Reuters) – Germany’s Bayer AG faces its first law suits in the United States over anti-clotting drug Xarelto, one of its top five medicines, the Frankfurter Allgemeine Zeitung newspaper reported on Saturday, citing company sources.
Exclusive: Honda’s Takata airbag recall could top 1 million – source
TOKYO (Reuters) – Honda Motor Co expects to recall vehicles with potentially defective air bags, a move that could expand a massive, multi-company air-bag recall by more than a million, according to a person with knowledge of the matter.
Exclusive: Complaint about shutting off Camaro with knee dates back a year
DETROIT (Reuters) – U.S. safety regulators received a complaint about a Chevrolet Camaro driver accidentally shutting off the car with a knee more than a year before General Motors on Friday recalled half a million of the sports cars over the issue, wh…
Iraq conflict brings defense stocks in focus
NEW YORK (Reuters) – With the possibility of escalating violence in Iraq, stocks in the defense sector could garner more attention next week.
