Teva Reports Small Stake in Mylan

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

Teva Pharmaceutical Industries Ltd., which is seeking to buy rival Mylan NV, disclosed a small stake in the generic-drug maker. Teva said its purchase of a 1.35% Mylan interest underscores its commitment to a deal. The company is pursuing Mylan ...

Dollar's Strength Fuels Buyouts Abroad

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Liz Hoffman And Vipal Monga American companies looking to do deals abroad are finding a welcome tailwind: a strong U.S. dollar. After some time in the doldrums, the greenback has gained 25.5% against the euro, 20.8% against the Japanese ...

Google, Yahoo Have Had Talks to Buy Flipboard

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

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, Google Inc. and Yahoo Inc. have ...

Reynolds-Lorillard Tobacco Merger Gets FTC Clearance -- Update

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Brent Kendall And Tripp Mickle 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 ...

Asia Commodity Prices Get Boost From El Nino Warning Signs

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Huileng Tan SINGAPORE--A growing chorus of major weather forecasters is confirming the return of the El Nino weather pattern, giving lackluster agricultural commodity prices a jolt. Australia's Bureau of Meteorology on Tuesday said "oceanic and atmospheric indicators show a ...

Mexico and Brazil Agree to Expand Their Bilateral Trade

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Anthony Harrup MEXICO CITY--The leaders of Mexico and Brazil agreed on Tuesday to expand a trade accord they hope will double business between the two biggest Latin American economies over the next 10 years. Mexican President Enrique Peña Nieto ...

German Consumer Sentiment Set to Rise in June

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Emese Bartha FRANKFURT--German consumer sentiment is set to increase again in June, GfK market research group said in its monthly survey on Wednesday, but it warned that geopolitical risks could weigh on future consumer spending. The forward-looking GfK consumer ...

MISC Plans to Raise Expenditure by 43% in 2015

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Saurabh Chaturvedi KUALA LUMPUR--MISC Bhd.(3816.KU) plans to spend $1 billion in 2015, about 43% more than last year's expenditure as the shipping arm of Malaysia's Petroliam Nasional (PET.YY) banks on the liquefied-natural-gas carrier business to boost growth. The company ...

U.S. Urges Greece, Creditors to Strike Deal -- 2nd Update

TODAY: Aug. 2, 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 ...

India's Economic Growth Likely Slowed Last Quarter

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Anant Vijay Kala NEW DELHI--India's economy likely expanded at a slower pace last quarter as a weak harvest and government spending cuts weighed on broader activity. Gross domestic product in the three months ended March 31 likely grew 7.2% ...

Hanergy Chairman Bought Shares Moments Before Plunge

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

Moments before the stock of a Chinese solar firm plummeted 47% last week, the company's biggest shareholder was adding to his holdings, according to exchange filings. Li Hejun, chairman of Hanergy Thin Film Power Group Ltd., bought a total of ...

WPP PLC Mirum launches in Germany with acquisition of RSK

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

TIDMWPP RNS Number : 3350O WPP PLC 27 May 2015 For Immediate Release 27 May 2015 WPP PLC ("WPP") Mirum launches in Germany through the acquisition of RSK WPP announces that Mirum (the global digital agency that is part of ...

AbbVie Accelerates Share Buybacks

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

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 about $21 billion--a ...

China Alibaba Payment Affiliate: Service Restored After Outage

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

BEIJING--A payment affiliate of China e-commerce giant Alibaba Group said Wednesday that its service was restored after a disruption due to damage to an optical fiber cable in the eastern Chinese city of Hangzhou. In a brief statement posted on ...

Antitrust Lawsuits Target Blue Cross and Blue Shield

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Anna Wilde Mathews Blue Cross and Blue Shield health insurers cover about a third of Americans, through a national network that dates back decades. Now, antitrust lawsuits advancing in a federal court in Alabama allege that the 37 independently ...

U.S. Government Bonds Pull Back as Worries on Greece Ease

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Min Zeng U.S. Treasury bonds pulled back on Wednesday as hopes of a deal to avoid a possible default by Greece sapped demand for haven bonds. New debt sales also weighed down bond prices. The Treasury sold $35 billion ...

Altice Wasn't Ready for TWC Merger -- 3rd Update

TODAY: Aug. 2, 2015 PUB DATE: May 27, 2015

By Ruth Bender PARIS--Deal-hungry executive Patrick Drahi said Wednesday that the time wasn't ripe for his Altice SA telecommunications firm to pursue Time Warner Cable Inc., but he still plans to grow his business across the Atlantic. "We weren't ready," ...