| Oct 16, 2014
| 7:57 AM
North Chicago-based drugmaker AbbVie has pulled the plug on its plan to buy Dublin-based Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.
Shire stands to be paid a break-up fee of about $1.64...
| Oct 15, 2014
| 2:38 PM
AbbVie's surprise announcement late Tuesday that it is having second thoughts about its proposed acquisition of Shire raises numerous questions about the future of the deal.
The North Chicago-based drugmaker said its board of directors will take...
| Oct 14, 2014
| 6:10 AM
After getting regulatory approvals, there is only one hurdle left in Newport News-based Virginia Company Bank's merger with Tappahannock-based Eastern Virginia Bank: the go-ahead from Virginia Company shareholders, according to Virginia Company Bank...
| Oct 7, 2014
| 8:30 PM
The FCC says it is establishing "unique protections" to keep sensitive program carriage and retransmission contracts confidential as it reviews the proposed mergers of Comcast with Time Warner Cable and AT&T with DirecTV.
The agency's request for such...
| Oct 8, 2014
| 5:15 AM
Having worked closely with Exelon and its subsidiary Constellation for several years now, I wanted to share my perspective on the debate about the company's proposed merger with Pepco Holdings ("Coalition calls for rejection of Exelon-Pepco merger," Oct....
| Oct 7, 2014
| 6:38 AM
Norwegian fertilizer maker Yara International has fired Chief Executive Joergen Ole Haslestad, saying he was unsuitable to lead merger talks with Deerfield-based CF Industries which would continue under its finance chief.
Yara and CF said last month they...
| Oct 6, 2014
| 2:48 PM
A class action lawsuit accuses Millennial Media executives of hiding information that reflected poorly on the company, and, once released publicly, sent the company's stock price tumbling.
The Mississippi state pension system's complaint, filed in...
| Oct 2, 2014
| 4:04 PM
A 20-group coalition on Thursday called on state regulators to reject a proposed merger between Chicago energy giant Exelon Corp. and Pepco Holdings Inc., citing Exelon's track record on the environment and fears the deal would give it too much power in...
| Sep 24, 2014
| 6:00 AM
Obama administration officials freely admit that their new effort to deter corporate inversions -- a form of accounting fiction U.S. corporations are increasingly using to avoid taxes on income they earn in foreign countries -- won't actually stop the...
| Oct 2, 2014
| 12:30 PM
Bob Iger has extended his contract to remain chairman and CEO of the Walt Disney Co. through June 30, 2018.
One of his first moves will be to appoint a chief operating officer in 2015, with the individual most likely groomed to replace Iger when he...
| Sep 30, 2014
| 9:37 AM
Walgreen Co. reported a net loss for its fiscal fourth quarter after absorbing a large accounting charge related to its acquisition of European counterpart Alliance Boots GmbH.
The drugstore operator recorded an $866 million noncash loss in the quarter...