AbbVie to buy Pharmacyclics for $21 billion to boost cancer drugs pipeline


- Drugmaker AbbVie Inc said it will buy Pharmacyclics Inc , the maker of blockbuster cancer drug Imbruvica, for about $21 billion to broaden its oncology drugs pipeline.


Citigroup sells stake in Turkey's Akbank for $1.2 billion 8:05am GMT

ISTANBUL - Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits.


IBM buys AlchemyAPI to boost Watson computing unit 04 Mar 2015

SEATTLE - International Business Machines Corp said on Wednesday it had acquired AlchemyAPI, a fast-growing startup selling software that collects and analyzes unstructured text and data in ways big enterprises, website publishers and advertisers find useful.

Exclusive: SunEdison purchases U.S. energy storage firm in fast-growing market 2:51am GMT

- U.S. solar project developer SunEdison Inc is expanding into the fast-growing market for grid energy storage with the acquisition of a startup that pairs big batteries with solar installations.

HKBN IPO priced at top of range as CVC, GIC, Carlyle raise $710 million 2:06am GMT

HONG KONG - Private equity firm CVC Capital Partners [CVC.UL], a unit of Carlyle Group LP and Singapore's sovereign wealth fund GIC [GIC.UL] raised a combined $710 million after Hong Kong's second-largest broadband Internet provider, HKBN Ltd , priced its IPO at the top of expectations, people familiar with the deal said on Thursday.

Exclusive: ZF, TRW set to win EU approval for $13.5 billion deal 04 Mar 2015

BRUSSELS - German car parts maker ZF Friedrichshafen [ZFF.UL] is set to win conditional European Union antitrust approval for its proposed $13.5 billion takeover of U.S. peer TRW Automotive Holdings Corp, two people with knowledge of the matter said on Wednesday.

Exclusive: Avago vied for Freescale, still seeking large deal - sources 04 Mar 2015

- Avago Technologies Ltd held advanced talks last month to acquire Freescale Semiconductor Ltd, and is still looking for an acquisition that could be transformative, according to four people familiar with the situation.

Handmade goods website operator Etsy files for IPO 04 Mar 2015

- Etsy Inc, which operates a website that sells handmade goods and craft supplies, filed with U.S. regulators on Wednesday for an initial public offering of common stock.

Simon Property makes latest takeover bid for Macerich: WSJ 1:21am GMT

- Simon Property Group Inc , owner of malls and outlet centers, made its latest approach to buy rival Macerich Co in the past few weeks, according to a Wall Street Journal report.


Qatar Airways interested in more airline stakes 04 Mar 2015

BERLIN - Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.