Business News

  • AT&T Close to DirecTV Takeover
    AT&T is close to sealing a takeover of DirecTV that could put a value of nearly $50 billion on the satellite-television provider.
  • Coca-Cola to Increase Keurig Stake
    Coca-Cola said it would increase its stake in Keurig Green Mountain to 16% from 10% as the world’s largest beverage company deepens its exposure to coffee and countertop carbonation.
  • Valeant to Improve Offer for Allergan
    Valeant Pharmaceuticals said it plans to improve its offer for Allergan later this month to show its commitment to completing a takeover of the Botox maker.
  • Pfizer CEO Grilled at AstraZeneca Hearing
    Pfizer Chief Executive Ian Read defended the U.S. drug giant’s track record on past takeovers at a U.K. parliamentary committee hearing into its proposed $106 billion acquisition of AstraZeneca, but said any deal to buy the U.K. drug maker would involve job cuts in research.
  • U.S. Reconsiders Crude Oil Export Ban
    The U.S. is considering relaxing regulations that ban the export of crude oil as domestic production grows and the quality of some of the crude produced in the country isn’t suitable for refining locally, U.S. Energy Secretary Ernest Moniz said.
  • EU Court Says Google Must Remove Some Links if Asked
    Individuals can ask Google to remove links to news articles, court judgments and other documents in search results for their name, the European Union’s highest court said in a surprise decision.
  • U.S. Retail Sales Slow
    U.S. spending at retailers slowed sharply last month, rising only 0.1%, in a sign the economy may not have picked up as much as hoped after an unusually harsh winter.
  • American Shakes Up Soccer in Rome
    Bostonian James Pallotta, a billionaire investor and hard-core Celtics fan—and a newcomer to soccer—is seeking to revive AS Roma.
  • JetBlue CEO in Hot Seat as Airline Lags Rivals
    JetBlue Airways CEO is under pressure to improve performance at the discount airline, which is struggling with creeping costs and a foundering share price.

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