Corporate
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LabCorp is in talks to acquire PPD for more than $8 billion
Feb 4, 2017News Hour: Laboratory Corporation of America Holdings (LabCorp) is in talks to acquire contract researcher Pharmaceutical Product Development LLC (PPD) for more than $8 billion, including debt, people familiar with the matter said on Friday. Such... -
The US Department of Defense and Lockheed announced agreement worth about $8.5 billion for 90 F-35 jets
Feb 4, 2017News Hour: The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program. The deal... -
Google to sell Terra Bella to Planet Labs
Feb 4, 2017News Hour: Alphabet Inc’s Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists. The financial terms of the deal... -
Alibaba Group expanded business in Australia and New Zealand
Feb 4, 2017News Hour: Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the... -
Snap Inc shot the opening salvo in its $3 billion initial public offering
Feb 3, 2017News Hour: Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and... -
Volvo Cars reports global sales growth of 5.1 per cent in January
Feb 2, 2017News Hour: Volvo Cars, the premium carmaker, is off to a solid start in 2017 after reporting a 5.1 per cent year-on-year sales increase in January. Total sales for the month amounted to 35,475 cars, compared... -
Reckitt Benckiser Group Plc is in advanced talks to buy Mead Johnson Nutrition Co in a $16.7 billion deal
Feb 2, 2017News Hour: Reckitt Benckiser Group Plc is in advanced talks to buy Mead Johnson Nutrition Co in a $16.7 billion deal that would take the British consumer goods maker into the baby formula market and boost... -
Samsung Electronics Co Ltd may build a U.S. plant for its home appliances business
Feb 2, 2017News Hour: Samsung Electronics Co Ltd may build a U.S. plant for its home appliances business, a person familiar with the matter said, the latest global firm to consider a response to criticism about imports from... -
Facebook shares bounced with word that profit more than doubled in the final quarter of last year
Feb 2, 2017News Hour: Facebook shares bounced on Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after a vow to spend heavily on the future. In earnings that... -
Huawei becomes 2nd largest smartphone brand in Bangladesh
Feb 2, 2017News Hour: With the soaring popularity of its smartphones in Bangladesh, technology giant Huawei is now the 2nd largest smartphone brand in the country. Huawei’s commitment to customer satisfaction and quest for innovation has propelled the...
