U.S. sues to stop Electrolux's purchase of GE's appliance business


WASHINGTON - The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.

ACE buys upmarket Chubb in biggest ever insurance takeover 6:14pm BST

- Swiss insurance giant ACE Ltd will buy upmarket property insurer Chubb Corp for $28.3 billion to get access to wealthy clients who pay higher premiums at a time when fierce competition has cut deeply into the industry's profit margins. | Video


UIL, Iberdrola plan to address U.S. regulator concerns over deal 4:21pm BST

MADRID - Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision.

Patterson Cos to sell rehab business to PE firm for $715 million 2:42pm BST

- Medical device supplier Patterson Companies Inc said it would sell its business that makes products that assist in a patient's recovery to private equity firm Madison Dearborn Partners for $715 million.

Chambers Street Properties and Gramercy Property Trust to merge 12:27pm BST

- Chambers Street Properties said it would merge with Gramercy Property Trust Inc to create the largest U.S. industrial and office net lease real estate investment trust.


Teva and Philips to jointly invest in Israeli medical device firms 12:54pm BST

TEL AVIV - Teva Pharmaceutical Industries and Philips are together investing up to 100 million shekels ($26.5 million) over eight years in medical device and health technology start-ups in Israel.

Canada's Brookfield makes $6.8 billion play for Australian freight major Asciano 7:58am BST

SYDNEY - Canada's Brookfield Asset Management has approached Australia's Asciano Ltd with a $6.8 billion takeover bid, but uncertainty about whether the deal would go through capped gains in the stock price of the rail freight firm.

South Korea court ruling keeps $8 billion Samsung merger bid on track 5:36am BST

SEOUL - A court on Wednesday rejected a U.S. hedge fund's bid to block a shareholder vote on the planned $8 billion merger of two Samsung Group companies seen as a key step in the leadership succession at South Korea's biggest family-run conglomerate.

Interactive Data Corp taps banks for sale or IPO: sources 30 Jun 2015

- Interactive Data Corp, one of the world's largest financial data providers, has hired banks for a potential sale or an initial public offering that could value it at more than $5 billion, including debt, people familiar with the matter said on Tuesday.


U.S. approval of AT&T-DirecTV deal expected as soon as next week: sources 30 Jun 2015

WASHINGTON - AT&T Inc's proposed $48.5 billion acquisition of DirecTV is expected to get U.S. regulatory approval as soon as next week, according to people familiar with the matter, a decision that will combine the country's No. 2 wireless carrier with the largest satellite-TV provider.