Business

Pfizer Inc. (PFE) raised its offer to buy AstraZeneca Plc (AZN) to 69.4 billion pounds ($117 billion) in what the drugmaker described as a final bid to spur negotiations for the industry’s biggest-ever acquisition. Pfizer said it doesn’t expect AstraZeneca...

AT&T Inc. (T) agreed to acquire DirecTV (DTV), the largest U.S. satellite-TV provider, for $48.5 billion, adding video subscribers as the biggest competitors in the pay-TV industry bulk up. AT&T will pay $95 for each share of DirecTV, with $28.50...

Malaysia Airlines has seen its losses deepen after Flight 370 vanished over two months ago, raising questions about the future of the 76-year-old carrier. The company's net loss rose by 59% to 443m ringgit ($138m; £82m) in the January-to-March period,...

The long-serving chief executive of Germany's Adidas (ADSGn.DE) said preparing the sportswear giant for a change at the top when his contract ends in 2017 will be among his biggest priorities, Sueddeutsche Zeitung reported on Saturday. "I will not stay...

Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphones, ending one of the highest-profile lawsuits in technology. In a joint statement on Friday, the companies said the settlement does not...

General Motors Co was slapped on Friday with a $35 million U.S. fine for its delayed response to an ignition switch defect in millions of vehicles, as federal regulators accused a long line of company officials of concealing a...

Many Nigerian travellers to Dubai, a popular business and holiday destination, may find themselves taking the long route there in the summer peak season which has just begun as Emirates Airline, which usually operates two direct flights daily into...

Global shares fell for a third day on Friday, on course for their longest losing streak in over a month, and yields on lower-rated euro zone bonds rose as a gloomier economic picture in Europe led investors to shed...

Corruption charges against GlaxoSmithKline Plc (GSK.L) executives in China are a warning to other foreign firms and could do irreparable damage to the British drugmaker's Chinese operations, the official Xinhua news agency said on Friday. Chinese police charged GSK's former...

As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy. At least 10 members of the nonprofit Bitcoin Foundation have resigned over last week's election...