RUMFORD, Maine— Catalyst Paper is laying off about 50 workers at the Rumford mill. WCSH-TV reports that the company announced that a temporary shutdown of a paper machine has been extended to August. Rumford mill spokesman Tony Lyons says the layoffs are "directly market related."» Read More
The mooted takeover of mining giant Rio Tinto by upstart Glencore may, in the way of other mining mergers, never happen.
A planned $2.7 billion deal between pharma companies Salix and Cosmo, motivated in part by the opportunity to do a tax inversion, has fallen through.
Goldman Sachs led the way in global deal-making in the first nine months of 2014, advising on 30.7 percent of all mergers and acquisitions.
"The stock is correct in going higher" in response to the deal, says CNBC's Jim Cramer.
Pharma giant Pfizer has been in talks for a potential acquisition of its rival Actavis in recent weeks, according to the WSJ.
The US government has been promising a crackdown on tax inversion deals for months. Yet the measures announced Monday may not be disincentive enough.
RadioShack is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP it tries to avert bankruptcy.
General Electric said it has signed a definitive agreement to sell its appliance business to Electrolux for $3.3 billion.
Facilities and operations manager at Market Basket Steve Paulenka, and Tom Trainor, Market Basket district grocery supervisor, discuss the resolution of the dispute between cousins Arthur T. and Arthur S. Demoulas which initially cost both men their jobs.
Biotech firm Roche announced plans Sunday to buy InterMune for $8.3 billion on a fully diluted basis in an all-cash transaction.
Citigroup told the US appeals court that Argentina's banking license may be at risk as a result of the standoff between the country and hedge funds.
General Electric is reportedly in talks with Electrolux and Quirky to sell its household appliances unit, Bloomberg reported, citing people familiar with the matter.
U.S. giant Walgreen announced a near-£6 billion ($10.1 billion) deal to buy the remaining stake in U.K. drugstore chain Alliance Boots.
Reynolds American and Lorillard are agreeing a complex merger that will reshape Big Tobacco, bringing together the two biggest US operators.
When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.
CNBC's Josh Lipton reports from San Francisco where one of the biggest gay pride parades is taking place. Apple and Google are among the big tech companies participating.
The failed Tokyo-based bitcoin exchange, Mt.Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States.
The value of potential takeovers yanked from the market is at its highest level since the height of the global credit crisis in 2008.
There is market rumor and speculation that Dublin-based, U.K.-listed pharma company Shire is a takeover target.
Apple's $3 billion acquisition of Beats is not a needle mover for the stock, but it makes sense, CNBC's Jim Cramer said.