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  • LAUNCESTON, Australia, Feb 27- The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny. The Chinese authorities are mulling joining China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the...

  • *Cyberonics will have 54 pct of new group; Sorin 46 pct. MILAN, Feb 26- Italian medical device maker Sorin and its smaller U.S. peer Cyberonics Inc announced a merger on Thursday to create a global leader in cardiac surgery and neuromodulation with an equity value of $2.7 billion. Sorin's boss Andre-Michel Ballester will become chief executive and the board will be...

  • Sterne Agee deal makes us more relevant: Stifel CEO Tuesday, 24 Feb 2015 | 10:09 AM ET

    Stifel Financial's purchase of Sterne Agee is about becoming more relevant to clients, CEO Ron Kruszewski tells CNBC.

  • NEW YORK— U.S. metal producer Globe Specialty Metals Inc. said Monday that it is merging with European rival Grupo FerroAtlantica in an all-stock deal that will create a new company worth about $3.1 billion. Globe Specialty Metals is based in Miami. Grupo Villar Mir will own a 57 percent stake in the new company and Globe Specialty Metals shareholders will own a...

  • WASHINGTON, Feb 20- Sysco Corp is not holding settlement talks with the U.S. government to resolve a lawsuit aimed at stopping a $3.5 billion merger of the food distributor and its largest rival, a lawyer for Sysco said on Friday. The Federal Trade Commission has filed a complaint aimed at blocking Sysco's purchase of U.S. Foods Inc. The FTC said the deal would give...

  • MOSCOW, Feb 20- Russia's Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to oil services giant Schlumberger while it waited for approval from a Russian regulator. Last month, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole owner of...

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block a merger of the nation's two largest food distributors, US Foods Inc and Sysco Corp, which said it will fight the Federal Trade Commission action. Sysco and US Foods unveiled their $3.5 billion deal in December 2013. The FTC announcement sent Sysco's stock price lower, with...

  • UPDATE 1-FTC sues to block Sysco-US Foods merger Thursday, 19 Feb 2015 | 2:29 PM ET

    NEW YORK/ WASHINGTON, Feb 19- The Federal Trade Commission said on Thursday it has filed a lawsuit seeking to block a merger of Sysco Corp and US Foods Inc. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013. The tie-up has been controversial because Sysco and US Foods are the...

  • U.S. sues to stop proposed merger of Sysco, US Foods Thursday, 19 Feb 2015 | 2:15 PM ET

    WASHINGTON, Feb 19- U.S. antitrust regulators filed a lawsuit on Thursday aimed at stopping food distribution giant Sysco Corp from purchasing smaller rival US Foods, the Federal Trade Commission said on Thursday. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013.

  • Feb 19- The U.S. Federal Trade Commission is expected to file a lawsuit as early as Thursday seeking to block a merger of Sysco Corp and U.S. Foods, according to a person briefed on the matter. Representatives for the Federal Trade Commission declined to comment. Sysco and U.S. Foods did not immediately respond to requests for comment.

  • Regulators set to probe into GE, Alstom deal: sources Wednesday, 18 Feb 2015 | 6:42 PM ET

    General Electric's bid for Alstom's power equipment business is likely to face a full-scale investigation by EU antitrust regulators.

  • Is Japan Post overpaying for Toll? Wednesday, 18 Feb 2015 | 12:02 AM ET
    Customer Katsumi Amano withdraws money from his bank account at a Japan Post Co. branch in Hachioji, Japan, on Tuesday, April 15, 2014.

    Japan Post is shelling out a nearly 50 percent premium to buy Australian freight player Toll, spurring concerns the Japanese behemoth may be overpaying.

  • WASHINGTON, Feb 17- A fight between an upstart Spanish language TV network and Comcast Corp has provided more ammunition for critics who fear Comcast would gain too much market power if its buyout of Time Warner Cable Inc goes ahead, antitrust attorneys said. Formed by the son of a Mexican immigrant in 2009, Estrella TV currently is distributed by Comcast in 16...

  • Feb 17- Medical device maker Boston Scientific Corp on Tuesday said it has agreed to pay $600 million to Johnson& Johnson to settle a long-running breach of merger lawsuit over Boston Scientific's 2005 acquisition of rival Guidant. J&J, which agreed to permanently dismiss its action without acknowledgment of liability by Guidant, had sought more than $7...

  • What the Expedia-Orbitz deal means for you Tuesday, 17 Feb 2015 | 1:07 PM ET
    Orbitz and Expedia

    Expedia's blockbuster purchase of Orbitz represents a dramatic move in the larger, ongoing battle for travelers' dollars. NBC News reports.

  • Feb 14- Comcast Corp said on Friday that a California Public Utilities Commission Administrative law judge recommended to approve its pending $45 billion merger with Time Warner Cable and related transactions with Charter Communications. The approval, characterized by Comcast as an "important step" for the overall regulatory process, was proposed with a...

  • Feb 13- The U.S. airline industry expressed concerns on Friday about the tentative merger of Expedia Inc and Orbitz Worldwide Inc, saying it could hurt the travel business, but hinted it would not lobby actively against the deal. Expedia's agreement on Thursday to buy Orbitz for $1.33 billion marked the latest in a spree of acquisitions it and the larger...

  • *CEO Levy aims to regain support after Omnicom deal failure. PARIS, Feb 12- France's Publicis promised business would pick up in the second half of this year as the advertising agency recovered from a tough 2014 marred by a failed mega-merger with U.S. peer Omnicom. Publicis Chief Executive Maurice Levy is trying to win back investor support after the agency's...

  • HONG KONG, Feb 12- Hong Kong shares finished higher on Thursday as telecommunication shares jumped on speculation of industry consolidation. Shares of China Unicom Hong Kong Ltd and China Telecom Corp Ltd surged more than 5 percent at one point on rumours that they would merge, but both stocks gave up some of their gains after China's telecoms regulator denied...