- Expedia sells stake in Chinese travel service Updated: May-22-15 12:10 pm
NEW YORK - Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million.
- Dutch government to sell off nationalized ABN Amro bank Updated: May-22-15 10:55 am
THE HAGUE, Netherlands - The Dutch government said Friday it will sell off ABN Amro bank in phases beginning later this year, seven years after the state took it over to prevent its collapse during the global financial crisis.
- Hewlett-Packard sells stake in Chinese unit for $2.3B Updated: May-21-15 4:37 pm
NEW YORK - Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies.
- Acxiom selling IT operations to 2 private-equity firms Updated: May-21-15 3:54 pm
LITTLE ROCK, Arkansas - Little Rock-based Acxiom Corp. said it is selling its information-technology infrastructure management operations to two private-equity firms in a potential $190 million deal.
- CVS paying $10.4B in cash for drug distributor Omnicare Updated: May-21-15 3:35 pm
CVS Health will pay more than $10 billion for pharmaceutical distributor Omnicare in a deal primed to feed its fast-growing specialty drug business and tap a lucrative and growing market: care for the elderly.
- SC Ports Authority to help with coal terminal cleanup Updated: May-21-15 1:57 pm
CHARLESTON, South Carolina - The South Carolina Ports Authority plans to spend up to $400,000 on environmental cleanup costs at a former Charleston coal terminal it is selling to a company for a new manufacturing plant.
- Latin American bidders vie for Portuguese flag carrier Updated: May-21-15 10:58 am
LISBON, Portugal - The Portuguese government says it will hold talks with two Latin American airline operators to decide which of the two will be sold a 61 percent stake in state-owned flag carrier TAP Air Portugal.
- Fight over sale of state prison heard at Ohio Supreme Court Updated: May-20-15 11:25 am
COLUMBUS, Ohio - The status of the nation's first privately-owned state prison was debated in Ohio on Wednesday, as litigation brought on behalf of union workers displaced by the historic sale was argued before the state's high court.
- Delaware officials set to consider Exelon-Pepco deal Updated: May-19-15 4:05 am
DOVER, Delaware - Delaware regulators are set to consider the proposed $6.8 billion acquisition of Delmarva Power and Light Co.'s parent company by Chicago-based Exelon Corp.
- Endo buying Par for $8B in push for generics, higher profit Updated: May-18-15 2:52 pm
TRENTON, New Jersey - Drugmaker Endo International PLC is climbing toward the top of the steadily consolidating generic medicine business with a deal to buy Par Pharmaceutical Holdings Inc. for about $8.05 billion.
- Ascena goes shopping, buys Ann Taylor for more than $2B Updated: May-18-15 11:29 am
NEW YORK - The Ascena Retail Group is buying the owner of Ann Taylor and Loft in a deal valued at about $2.16 billion.
- Exelon, Pepco plan to comply with state merger conditions Updated: May-18-15 10:26 am
NEW YORK - Exelon and Pepco said Monday that they will work to meet the 46 conditions set by Maryland regulators in order for the two energy providers to combine, even though the companies said completing them will be a challenge.
- Brookfield plans to buy GrafTech in a tender offer Updated: May-18-15 9:22 am
NEW YORK - Brookfield Asset Management Inc. plans to buy graphite manufacturer GrafTech International Ltd. for about $691.8 million in a tender offer.
- Post consolidates cereal-making business in Minnesota Updated: May-15-15 1:49 pm
ST. LOUIS - Post Holdings Inc. said Friday it will merge two of its cereal businesses, headquarter them in Minnesota and close a New Jersey office as it separately grapples with a widening bird flu outbreak that has forced it to discontinue some products and tweak prices.
- Albemarle acquires aluminum finishing chemical business Updated: May-15-15 6:52 am
BATON ROUGE, Louisiana - Chemetall, a unit of specialty chemicals maker Albemarle Corp. in Baton Rouge, has acquired the aluminum finish business of Chemal GmbH & Co. KG, based in Hamm, Germany.
- UW regents vote to divest coal company holdings Updated: May-14-15 9:53 pm
SEATTLE - University of Washington regents have voted to eliminate the university's investment in coal companies and prohibit such investment in the future.
- Judge issues injunction to stop sale of magnets Updated: May-14-15 6:27 pm
DENVER - A federal judge has ordered a Colorado company to stop selling high-powered magnets that were recalled by their manufacturer.
- Chase buying $45B in mortgage loan service rights from Ocwen Updated: May-14-15 11:22 am
NEW YORK - JPMorgan Chase said Thursday that it will buy $45 billion in mortgage-servicing right from Ocwen Financial as the subprime mortgage servicer continues to sell off assets.
- Sabre buying remaining Abacus Int'l stake for $411M Updated: May-14-15 6:58 am
SOUTHLAKE, Texas - Travel-booking company Sabre is buying the remaining stake in Abacus International that it doesn't already own for $411 million, which will allow it further growth in the Asia-Pacific region.
- In land of fakes, Chinese e-commerce giant sells trust Updated: May-14-15 4:23 am
BEIJING - Before he became a billionaire in e-commerce, Richard Liu was a failure.
- New head of Michigan corrections union sees hope Updated: May-14-15 4:14 am
LANSING, Michigan - Andy Potter says Michigan's prisons are still in "crisis mode," but the new leader of the correction officers' union says there are now reasons to be hopeful.
- US Airways likely to stop flying this fall Updated: May-13-15 4:58 pm
FORT WORTH, Texas - After more than 75 years of flying, the end is near for US Airways.
- Pa. bank buys Ohio bank pending approval, closing conditions Updated: May-13-15 1:05 pm
INDIANA, Pennsylvania - A western Pennsylvania -based bank has purchased an Ohio-based bank for nearly $15 million.
- DuPont wins proxy fight against Peltz's Trian Fund Updated: May-13-15 11:59 am
WILMINGTON, Delaware - Dupont shareholders on Wednesday flatly rejected a contentious campaign by one of the most powerful investor firms in the U.S. for seats on the board of the 212-year-old chemical company.
- Owens-Illinois to spend $2.15B buying Vitro businesses Updated: May-13-15 9:22 am
Beer and wine bottle maker Owens-Illinois will pay about $2.15 billion to buy the food and beverage glass container business of the Mexican company Vitro.