Samsung Moves Raise Governance Concerns

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Jonathan Cheng And Min-Jeong Lee SEOUL--Samsung's maneuvers to increase heir apparent Jay Y. Lee's stake in the family-run conglomerate's crown jewel, Samsung Electronics Co., underscore corporate-governance concerns that critics say continue to plague South Korea. On Tuesday, Samsung Group ...

Deal Reunites Charter Chief With TWC

TODAY: May 27, 2015 PUB DATE: May 27, 2015

(FROM THE WALL STREET JOURNAL 5/27/15) By Joe Flint Two years ago, Charter Communications Inc. Chief Executive Tom Rutledge predicted that the cable business would soon be down to two big players. Now, he's in line to run one of ...

Orange Gets Green Light from Spanish Regulator for Jazztel Buy

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By William Horobin PARIS--French telecommunications company Orange SA (ORA.F) said Wednesday that the Spanish Securities Commission has authorized its tender offer to buy Spanish broadband and cellphone operator Jazztel (JAZ.MC). The 3.4 billion euro ($3.72 billion) offer will be open ...

Australian Construction Activity Falls on Mining Downturn

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By James Glynn SYDNEY--The total value of construction work completed in Australia in the first quarter fell, dragged down by an accelerating decline in mining-related investment. Construction activity dropped by 2.4% from the fourth quarter of last year to A$48.4 ...

U.S. Urges Greece, Creditors to Strike Deal--Update

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Jason Douglas LONDON--U.S. Treasury chief Jacob Lew on Wednesday urged Greece and its creditors to "double down" in their efforts to reach a deal to solve the nation's debt crisis, saying no one should be complacent about the risks ...

Ahold Increases U.S. Market Share - Update

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Archie Van Riemsdijk AMSTERDAM--Dutch food retailer Royal Ahold NV remained tight-lipped about its merger talks with Belgian grocer Delhaize, flagging, instead, its improved market share trend in the U.S. as profit margins dropped. Negotiations on a potential merger, confirmed ...

Oil Prices Rise Ahead of Supply Data

TODAY: May 27, 2015 PUB DATE: May 27, 2015

LONDON—Oil prices rose on Wednesday ahead of key U.S. supply data as the market attempted a rebound from the sharp losses in the previous session caused by the strong dollar. Brent crude for July delivery recently rose 0.9% to $64.30 ...

Retrophin Sells FDA Voucher to Sanofi

TODAY: May 27, 2015 PUB DATE: May 27, 2015

Retrophin Inc. on Wednesday said it agreed to sell a special voucher meant to speed drug approval to French drug maker Sanofi SA for $245 million in cash. Shares of Retrophin, up 87% in the past year, added 7% to ...

Weekly Chain-Store Sales Fall in Latest Week--Goldman/Retail Economist

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Chelsey Dulaney The Weekly Retail Chain Store Sales Index fell 0.4% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis, according to data compiled by Goldman Sachs and Retail Economist LLC. "Housing-related retail ...

AbbVie Accelerates Share Buybacks After Wrapping Up Pharmacyclics Deal

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Lisa Beilfuss AbbVie Inc. on Wednesday said it would repurchase $5 billion in shares from Morgan Stanley, following the completion of its Pharmacyclics Inc. acquisition. In March, the Chicago pharmaceutical company unveiled plans to buy blood cancer-focused Pharmacyclics for ...

EU Officials Play Down Greek Talk of Deal Soon -- Update

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Nektaria Stamouli ATHENS--Officials in Athens suggested that talks with Greece's creditors over fresh bailout funds had reached a final stage, though European Union officials said negotiators still had much work to do before sealing a deal. Teams from Greece ...

Nationalist Party Leader to Become Finland's Foreign Minister -- Update

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Juhana Rossi HELSINKI--The euroskeptic leader of Finland's nationalist party, the Finns Party, will become foreign minister in a three-way coalition cabinet that has vowed to repair the country's recession-choked economy through deep spending cuts. The Finns Party leader, Timo ...

Auction of GE's Private-Equity Loan Business Nears Conclusion

TODAY: May 27, 2015 PUB DATE: May 27, 2015

The auction of General Electric Co.'s business that lends money for private-equity buyouts is nearing a climax, with several bidders expected to submit final-round offers Thursday. Canada's largest pension fund, Canada Pension Plan Investment Board, as well as Guggenheim Securities ...

Auction of GE's Private-Equity Loan Business Nears End -- Update

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Dana Mattioli And Ryan Dezember The auction of General Electric Co.'s business that lends money for private-equity buyouts is nearing a climax, with several bidders expected to submit final-round offers Thursday. Canada's largest pension fund, Canada Pension Plan Investment ...

FTC Clears Reynolds-Lorillard Deal

TODAY: May 27, 2015 PUB DATE: May 27, 2015

U.S. antitrust enforcers on Tuesday cleared Reynolds American Inc. to proceed with its $25 billion acquisition of Lorillard Inc., ending months of uncertainty about whether the government would allow the second- and third largest U.S. cigarette makers to combine. Reynolds ...

Crescent Point to Buy Legacy Oil + Gas

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Carolyn King Crescent Point Energy Corp. said Tuesday it would acquire junior oil and gas producer Legacy Oil + Gas Inc. for about 563 million Canadian dollars ($457 million) in shares, boosting its position in southeast Saskatchewan and giving ...

Google, Yahoo, Twitter Have Had Talks to Buy Flipboard

TODAY: May 27, 2015 PUB DATE: May 27, 2015

By Yoree Koh And Douglas MacMillan Several Internet giants have inquired about buying Flipboard Inc., maker of a newsreader app that has recently signaled it is open to acquisition discussions, according to people familiar with the matter. In recent weeks, ...

Digits

TODAY: May 27, 2015 PUB DATE: May 27, 2015

(FROM THE WALL STREET JOURNAL 5/27/15) Vox Media to Buy Re/code Site Vox Media said Tuesday it is acquiring Revere Digital, parent company of the technology news website and conference business Re/code. Re/code will continue as its own entity under ...

Time Warner Cable Deal Stirs Debt Concerns

TODAY: May 27, 2015 PUB DATE: May 27, 2015

Shareholders cheered Tuesday's news that Time Warner Cable Inc. and Charter Communications Inc. would combine, sending the shares of both cable companies higher. But some Time Warner Cable bondholders, wary of the debt load the combined company will shoulder, were ...