Business

Pfizer To Buy Allergan In $160 Billion Deal

Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver. The acquisition, which would create the world's...

Upscale Jeweler Tiffany Reports Surprise Drop In Sales

Upscale jeweler Tiffany & Co (TIF.N) reported a surprise drop in quarterly sales as a strong dollar hurt tourist spending in the United States and reduced the value of sales from other markets. The company, which has raised prices to...

U.S. Says China To Take Tougher Stance Against Trade Secret Theft

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The United States Commerce Secretary said on Monday China would offer better legal protection to U.S. firms that suffer theft of trade secrets after annual trade talks that yielded scant progress on other topics like a proposed investment treaty. Few...

Indexes Set To Open Little Changed; Commodities Hit

U.S. stock indexes were set to open little changed on Monday, coming off last week's strong gains, as investors head into Thanksgiving week. Globally, stocks were hit as commodities prices tumbled on worries about oversupply and tepid demand, with copper...

Wal-Mart Pulls Cyber Monday Forward To Sunday, Record Industry Sales Expected

Wal-Mart Stores Inc (WMT.N) has decided that Cyber Monday, the biggest online shopping day of the year, should not start on a Monday anymore. The world's largest retailer by revenue will, for the first time this year, launch all its...

Avago Secures Unconditional EU Approval For $37 Billion Broadcom Buy

European antitrust regulators cleared on Monday Avago Technologies Ltd's (AVGO.O) planned $37 billion takeover of rival chipmaker Broadcom Corp (BRCM.O) without conditions. Spurred by demand for cheaper chips and new products to power Internet-connected gadgets as well as the need...

Pfizer Seals $160bn Allergan Deal To Create Drugs Giant

US drugs giant Pfizer has sealed a deal to buy Botox-maker Allergan for $160bn (£106bn) in what is the biggest pharmaceuticals deal in history. The takeover could allow Pfizer to escape relatively high US corporate tax rates by moving its...

BVN: How CBN Saved $300m From Bureau-de-Change – Emefiele

BEVERLY HILLS, November 23, (THEWILL) – The Central Bank of Nigeria (CBN) weekend disclosed that it had saved a whopping $300m in the last three weeks from Bureau De Change (BDC) in the country through the condition that request...

Google Offers Youtube Copyright Support

YouTube owner Google says it will help fund up to $1m (£650,000) in legal fees for some content creators who have received copyright takedown notices. It will step in if it feels their material is considered to be fair use. However...

Ford Union Workers Ratify New Four-Year U.S. Labor Pact: UAW

Ford Motor Co's U.S. union workers narrowly approved a four-year labor contract after a late push for support by United Auto Workers leaders, the UAW said late Friday night. The UAW said 51.3 percent of production workers and 52.4 percent...