WASHINGTON - The U.S. Federal Communications Commission on Wednesday paused its informal "shot clock" deadline on the reviews of the proposed mergers of AT&T Inc and DirecTV and of Comcast Corp and Time Warner Cable Inc over the issue of confidential programming agreements.
- A consortium of buyout firms Advent International Corp and Avista Capital Partners is in advanced talks to acquire UCB SA's U.S. generic drugs unit Kremers Urban Pharmaceuticals Inc, according to people familiar with the matter.
LONDON - Lloyds Banking Group's aborted attempt to sell hundreds of branches to the Co-operative Bank was not influenced by politicians, a committee of lawmakers said on Wednesday.
- Interdealer broker BGC Partners Inc went ahead with the formal launch of its hostile $675 million bid for rival GFI Group Inc on Wednesday after talks between the two companies reached a deadlock.
FRANKFURT/LONDON - Private equity firms are circling Bayer's 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said on Wednesday.
- Drugmakers Abbott Laboratories and Mylan Inc on Wednesday declined to explain in detail why they changed the terms of a $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and reincorporate for tax purposes in the Netherlands.
- Auto parts maker Delphi Automotive Plc is looking to sell its business that makes heating and cooling systems for cars, and will seek as much as $1 billion, Bloomberg reported, citing people with knowledge of the matter.
ISTANBUL - Lockheed Martin and Turkish missile manufacturer Roketsan signed an agreement Wednesday to produce and sell Turkey's SOM-J air-launched cruise missile for the F-35 Lightning II combat jet, the companies said.
SEATTLE - Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between U.S. aerospace companies and Iran since the 1979 U.S. hostage crisis.
MILAN - Luxottica , the world's largest eyewear group, named a senior Procter & Gamble manager as its new co-chief executive on Wednesday, seeking to solve a governance crisis after losing two chief executives in the span of six weeks.
- Finance: Exclusive: Investors seek delay to HK-Shanghai stock tie-up
- Technology: America Movil seen posting slightly higher third-quarter profit
- Healthcare: GSK eyes prime FTSE 100 slot for standalone HIV drugs business
- Consumer: Delphi Automotive looking to sell thermal unit for $1 billion: Bloomberg
- Energy: Australian driller Boart Longyear in $352 mln bailout deal
- Industrials: Lockheed Martin challenges contract to Raytheon
- M&A: PRESS DIGEST- British Business - Oct 23
- Bankruptcy: Brazil OKs bankruptcy protection petition for Batista unit MMX Sudeste
- IPOs: Philippine retailer SSI prices $166 mln IPO at top end of guidance
- Private Capital: Private capital gets more bang in China as economic reforms step up
- Hedge Funds: Hedge fund exit requests drop to nine-month low
- Regulatory: GLOBAL MARKETS-Asia stocks hobbled by growth woes, China PMI fails to impress
Free Deals Newsletter
- In More Cities, That Doggie In The Window Is Not For Sale - NPR
- Fifth Street Asset Management pulls IPO, cites choppy markets - Reuters
- Daimler Tesla Stake Sale Might Clear The Way For BMW - Forbes
- FCC pauses clock on AT&T-DirecTV, Comcast-TWC merger reviews - Reuters
- Yahoo profit soars following the Alibaba IPO - CNNMoney
- Hedge funds ready to go along with Detroit bankruptcy - Detroit Free Press
- Billionaire Ray Dalio's Hedge Fund Sues Ex-Employees Over New Fund - Forbes
- EMC to buy much of Cisco's stake in joint venture VCE - Reuters