Pilgrim’s Makes a Move for Hillshire
Pilgrim’s Pride Corp has initiated a takeover bid for packaged food firm Hillshire Brands Co. in a deal estimated at $6.4 billion in value, including debt, as the second-largest chicken …
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Valeant Pumps Cash Into Allergan Takeover Bid
Valeant Pharmaceuticals International Inc increased the cash it’s offering in its unsolicited attempt to acquire Allergan Inc, the maker of the Botox drug. The raised bid fell below expectations, and …
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Sony Forms China PlayStation in Joint Dal
Sony Corp of Japan and Shanghai Oriental Pearl Group Co Ltd will form two companies in partnerships with a view to manufacturing and marketing PlayStation in Chinese market, Shanghai Pearl …
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Barclays Penalized $44 Million for Gold Price Blunder
Barclays Plc suffered a $44 million penalty for control glitches over fixing of gold prices, which took place one day after the UK lender was penalized $450 million for manipulating …
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Best Buy Earnings Surpass Outlook Despite Weak Demand
Best Buy Co Inc posted a better-than-expected profit for the first quarter this year, indicating that recovery efforts of Chief Executive Hubert Joly are beginning to bear fruits and propelling …
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Target Indicates Possible Turnaround, Discounting Hurts Forecast
Target Corp posted a 16% fall in profit for the first three months this year, but demonstrated improvements in its attempts to woo customers’ trust after the high-profile theft of …
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AstraZeneca Says No to Pfizer’s ‘Final’ Takeover Offer
British pharmaceutical group AstraZeneca dismissed a takeover bid by Pfizer, which the New York-based drug maker termed as “final†over the weekend. AstraZeneca explained its reasons for rejecting the deal …
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Additional 2.6 Cars Recalled by GM
General Motors Co. plans to recall another 2.6 million vehicles globally, bringing to nearly 15.4 million the number of cars the company has recalled year-to-date, the company said. The recalls …
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Deutsche Bank Engages Qatari Family to Help Raise 8Bn Euros
Deutsche Bank plans to attract up to 8 billion euros worth of capital input, with the Qatari royal family enlisted to add substantial investment, as the largest lender in Germany …
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Walmart’s Profits Plunge 5% on Bad Weather
Walmart announced disappointing first quarter results on Thursday, with profits plummeting and US sales little changed. The retailer joined a growing list of businesses that attributed poor quarterly results to …
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