Philip Morris Sweetens Buyout Bid For Swedish Match

Marlboro maker Philip Morris International Inc. on Thursday raised its buyout offer for Swedish Match AB in a last-ditch effort to get shareholder support for its $16 billion move into the fast-growing market for alternatives to cigarettes.


A man passes a sign for fund manager Man Group in London

UK Fund Managers Suffer Asset Declines On Shaky Markets

A quartet of British fund managers said assets under management (AUM) dropped by $9.8 billion in aggregate in the three months to end-September, after a sharp sell-off in UK stocks and bonds in recent weeks compounded longer-held worries about a global slowdown.