MILAN— Italian carmaker Fiat SpA, which controls Chrysler, on Wednesday said second-quarter profits dropped by more than a half due to lower performance in North and Latin America. Fiat, whose shareholders vote Friday on the merger with Chrysler, said net profit was 197 million euros, compared with 435 million euros in the same period last year.» Read More
Increasingly, drug makers and medical device companies have found a way to self-medicate when it comes to taxes and regulation.
TOKYO, July 15- Japan's Nikkei share average climbed to a 1-1/ 2- week high on Tuesday after Citigroup's strong earnings and a merger and acquisition deal in the U.S. healthcare industry lifted sentiment. The Bank of Japan's policy meeting outcome got a muted reaction from the market.
*Fed Chair Janet Yellen's testimony awaited. *Otsuka soars on new drug application to FDA. TOKYO, July 15- Japan's Nikkei share average climbed on Tuesday with all sectors rising, helped by gains on Wall Street on Citigroup's strong earnings and a merger and acquisition deal in the healthcare industry.
The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.
*Citigroup up after earnings, settlement. NEW YORK, July 14- U.S. stocks rose on Monday, sparked by the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on pace to climb for a second straight session.
One of the oldest and largest funds in this niche is the Merger Fund, which manages nearly $6 billion.
*Default risks hurting PT's planned merger with Brazil's Oi. LISBON/ PARIS, July 13- Investors in Portugal Telecom, and notably its Brazilian merger partner Grupo Oi, should know by Tuesday whether more than $1 billion it lent in April to a vehicle of the troubled Espirito Santo family is being repaid on time.
NEW YORK, July 14- U.S. stocks were poised for a higher open on Monday after the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on track to rebound from its worst weekly decline since April.
Mylan said it would buy Abbott Labs' generics business outside the United States in an all-stock transaction valued at about $5.3 billion.
NEW YORK, July 14- Smoking-related lawsuits against U.S. tobacco giants are leveling off, making it more likely that a merger between rivals Reynolds American Inc and Lorillard Inc will go through, analysts who follow the industry said.
July 11- Walt Disney Co, Discovery Communications Inc and CBS Corp are being asked for information by U.S. antitrust officials probing Comcast Corp's proposed takeover of Time Warner Cable Inc, Bloomberg reported on Friday.
*Reynolds, Lorillard not available to comment. LONDON, July 11- U.S cigarette makers Reynolds American Inc and Lorillard Inc are in talks on a possible multi-billion dollar disposal to Britain's Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger.
LONDON, July 11- Imperial Tobacco, the world's fourth-largest tobacco group, said on Friday it was in talks with Reynolds and Lorillard to acquire certain assets and brands that could be sold by the two companies. Reynolds and Lorillard are in advanced talks about a deal that would merge the No.2 and No.3 U.S. cigarette makers, Reuters has previously reported.
PARIS, July 10- Unions representing thousands of European workers affected by the sale of assets proposed by merging cement groups Lafarge and Holcim have asked the pair for specific employment guarantees that would be binding for the buyers.
*CIMB, RHB and Malaysia Building Society to seek merger- reports. KUALA LUMPUR, July 10- CIMB Group Holdings Bhd, Malaysia's second largest bank, is seeking to acquire two other lenders to create the country's biggest bank, media reports said.
KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd will seek regulatory approval for a merger, aiming to create the country's largest bank, a newspaper said on Thursday. The Employees Provident Fund will play a significant role in the merger as it owns big stakes in all three firms, said the Star.
The Agnellis control Fiat Chrysler with a 30 percent stake via holding firm Exor, but their voting power could rise to as much as 46 percent through a loyalty scheme put in place as part of the merger to reward long-term investors.
France, Germany, Britain, eastern Europe to see selloffs. PARIS, July 7- Cement makers Lafarge SA and Holcim Ltd proposed a multi-billion euro series of asset sales on Monday as they seek regulatory approval for their merger to create the world's biggest cement maker.
Sources told CNBC that a Lorillard and Reynolds American merger is weeks away, although the companies have not fully negotiated terms.
July 3- Tobacco majors Lorillard Inc and Reynolds American Inc are likely to merge as early as end of July, CNBC reported, citing sources.