Rupert Murdoch's Twenty-First Century Fox is expected to make an aggressive case for merging with Time Warner during its quarterly earnings call.» Read More
*To pay minority shareholders $14 in cash for each PetroLogistics unit. May 28- A Koch Industries Inc unit will take PetroLogistics LP private in a deal worth $2.1 billion, including debt, gaining control of a plant that can convert cheap U.S. shale gas into propylene, a key petrochemical used to make plastics.
May 28- Propylene producer PetroLogistics LP said it would be taken private by a unit of Koch Industries Inc in a deal worth $2.1 billion, including debt. The unit, Flint Hills Resources LLC, will pay $14 in cash for each PetroLogistics unit to minority shareholders who own 27 percent of the company.
May 20- Eleven of the 19 brokerages, which underwrote Ally Financial Inc's $2.38 billion initial public offering, began coverage of the auto lender's stock on Tuesday, with five of them giving their top rating. The average price target for the stock is $27.80, with lead underwriters JP Morgan Securities and Morgan Stanley setting the highest price target of $30.
LONDON, May 20- Bankers advising pharmaceuticals companies Pfizer and Britain's AstraZeneca are likely to miss out on $260- 340 million in fees after the U.S. company's final takeover bid was rejected on Monday.
*Russia courts cautious Asia, banks with franchises. LONDON, May 19- Most Western banks are shunning Russia's syndicated loan market as a result of the Ukraine crisis and could stay away for a year or more, despite the potential loss of more than $45 billion in business.
*1st- qtr adj profit/shr $1.04 vs est $1.16. May 8- Cable TV broadcaster AMC Networks Inc said it expects slower advertising growth this quarter as its latest series, "Turn", draws fewer viewers than its older hits, sending its shares down nearly 18 percent.
Merck is considering selling a big portfolio of mature drugs that could fetch more than $15 billion, according to people familiar with the matter.
NEW YORK/ LONDON, April 30- Merck& Co Inc is considering selling a big portfolio of mature drugs that could fetch more than $15 billion, according to people familiar with the matter, as the U.S. drugmaker continues to streamline businesses to focus on high-growth areas.
*Sanofi looking to sell mature products with $3.7 bln sales. *Sanofi shares gain 1.5 percent. Shares in Sanofi rose 1.5 percent in early trade on Wednesday following the news.
Ian Read, CEO of Pfizer, flew into London for a round of meetings with politicians and investors ahead of an expected fresh bid for AstraZeneca.
LONDON/ NEW YORK, April 29- Sanofi SA is looking to sell a portfolio of mature drugs that could fetch between $7 billion and $8 billion, according to people familiar with the matter, yet another example of drugmakers trying to shed non-core assets and focus on high-growth areas.
April 22- Netflix Inc's planned price hikes will allow the video streaming company to increase spending on original content that will help attract more customers globally, analysts said, as many of them raised their price targets on the stock.
The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.
Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.
NEW YORK/ HAMBURG, April 14- Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems.
MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, which would make it the first Russian company to heed a call by officials to bring assets home to survive Western sanctions.
MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.
*Investors to get 0.8 Sun Pharma share per Ranbaxy share.
NEW YORK, April 3- Boeing Inc is considering buying Mercury Systems Inc, a supplier of digital signal and image processing systems to the aerospace and defense industry, according to two people familiar with the matter.
NEW YORK, April 2- A former investment banker at Evercore Group pleaded guilty on Wednesday to criminal charges that he engaged in insider trading and used proceeds to pay a one-time mistress to support their child.