Astellas Pharma , Japan's No.2 drugmaker, agreed to buy U.S. biotech OSI Pharmaceuticals for $4 billion in cash in a sweetened bid that will add OSI's blockbuster cancer drug Tarceva to its line-up.
European finance ministers prepared on Monday to discuss tighter regulation on hedge funds a week after launching a $1 trillion debt rescue plan, as the euro was hit by fears austerity measures would stifle recovery.
U.S. stocks were little changed on Monday as data measuring New York factory activity came in far below forecasts, offsetting optimism over a flurry of mergers.
My father's voice came through the phone as if he were next door, not 4,000 miles away. Are you fluent yet? he asked.
The next generation of high-speed Internet services, tablets, smartphones and other mobile gadgets could arrive faster than you would expect.
Private equity firm Apollo Global Management is in talks to buy U.S. packaging maker Pactiv Corp in a leveraged deal, according to media reports.
The euro rallied against the dollar on Monday on a rise in risk appetite after a U.S. report showed strong demand for U.S. long-term securities and a flurry of short covering by investors who had bet the currency would fall further. Earlier the euro fell to a four-year low against the dollar on persistent concerns with euro zone sovereign debt and fears that planned austerity measures will hurt growth in the region, but its fortunes revived amid German bank euro buying.
India's Reliance MediaWorks, part of the Reliance ADA group, is training a small army of artists to meet the rise in demand for 3D films following the huge success of James Cameron's Avatar and other films.
The pace of the U.S. economic rebound may be slowing, manufacturing data and retailers results hinted on Monday, at the same time as concerns grow about the impact of Europe's debt crisis on global growth.
British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG's Asian unit.
U.S. stocks futures pointed to a flat open on Monday after data showed manufacturing activity in New York State grew at a slower pace than expected, offsetting optimism on the back of a flurry of mergers.
General Motors Co posted a first-quarter profit on Monday and said it is making progress toward a turnaround expected to put it on track toward its first full-year profit since 2004.
Lowe's Cos gave a disappointing profit forecast for the rest of the year, sounding a note of caution about the pace of a U.S. economic recovery and sending its shares down more than 3 percent.
The euro hit a four-year low on Monday on fears that austerity measures would stifle recovery, as European finance ministers prepared to discuss tighter regulation a week after launching a $1 trillion rescue plan.
American Express Co has teamed up with UK private equity firm Permira to bid for Royal Bank of Scotland's $4 billion payment processing arm, people familiar with the matter said on Monday.
No. 2 U.S. home improvement chain Lowe's Cos Inc gave a muted quarterly outlook despite posting stronger-than-expected results for the latest period, and its shares fell nearly 4 percent.
British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG's Asian unit.
BY Chuck MikolajczakU.S. stocks futures rose on Monday as a fresh wave of mergers and acquisitions helped dissipate worries over the impact of heavy euro-zone debt loads on a global recovery.
Stock futures were higher on Monday as a fresh wave of mergers and acquisitions helped dissipate worries over the impact of heavy euro-zone debt loads on a global recovery.
A leading Chinese economic indicator showed that growth may have already peaked in the world's third-largest economy with the stock market falling on investor worries about the government's campaign to rein in property prices.
No. 2 U.S. home improvement chain Lowe's Cos Inc reported a higher-than-expected quarterly profit on Monday, boosted by strong demand for energy-efficient appliances and gardening products.
Stocks fell and the euro slumped to a four-year low on Monday as Asian markets caught up with Friday's sell-off in the West, shrugging off encouraging data and remaining fixated on troubles in the euro zone.
