Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes


LONDON/NEW YORK - U.S. drugmaker Pfizer is to continue buying back stock, with the board authorizing a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.


Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets 23 Oct 2014

WASHINGTON - Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.

BNY Mellon China JV gets regulator approval for exit of U.S. partner 5:45am BST

SHANGHAI - A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.

Airbnb valued at $13 billion as it discusses employee stock sale: WSJ 2:23am BST

- Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.

Digital River to be acquired by investor group for $840 million 2:29am BST

- E-commerce services provider Digital River Inc said on Thursday it entered into an agreement to be acquired by an investor group led by Siris Capital Group LLC for about $840 million.

Abu Dhabi state fund asks for more in $22 billion Malaysia banking deal 9:54am BST

DUBAI/KUALA LUMPUR - Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a $22 billion merger that will create Southeast Asia's fourth-largest lender.

Cobham in $561 million deal for Australia airborne search and rescue 7:28am BST

LONDON - British defense company Cobham said on Friday it signed an A$640 million ($561 million) deal to provide airborne search and rescue capability to Australia for 12 years from 2016.


Apple ponders sapphire options, leaves door open for GT 23 Oct 2014

- Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material.

Rolls-Royce finalizes engineering JV with Hispano-Suiza 7:20am BST

LONDON - British engineer Rolls-Royce said on Friday it has finalised a deal to create a joint venture which will design and develop accessory drive train transmissions for all of the company's future civil aircraft engines.


Cutrale-Safra ups Chiquita offer ahead of Fyffes vote 23 Oct 2014

SAO PAULO - Brazilian juice maker Grupo Cutrale and investment firm Safra Group raised their offer on Thursday for Chiquita Brands International Inc , a day before the U.S. banana producer's shareholders vote on a merger with Irish rival Fyffes Plc .

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