Given the limited scope for cost-cutting, BAT can’t afford to pay much more than a 20% premium for Reynolds American
British American Tobacco said it has made a $47 billion takeover offer for the roughly 58% of American peer Reynolds American that it doesn’t already own.
Questionable results led to changes in medical treatment. Weeks or months passed before Theranos told many people their results were unreliable.
Thousands of voice-over actors have gone on strike against 11 videogame companies, including industry powerhouses Electronic Arts Inc. and Take-Two Interactive Software Inc., over a pay dispute.
Several websites including Twitter and Tumblr were unreachable for many internet users Friday morning following an online attack.
Shares of Microsoft jumped to an all-time high Friday in the wake of a positive earnings report, nearly 17 years after setting its previous high-water mark in the heyday of the dot-com boom.
Irish whiskey is making a comeback, with 16 distilleries in Ireland and Northern Ireland, up from four just three years ago. The rising demand has turned Irish whiskey into the world’s fastest-growing major spirit.
Geely Automobile’s supercharged growth has amped up investors’ expectations. But the market is primed for a slowdown.
For the past couple of years, the problem for consumer-goods groups has been slowing sales growth in a deflationary retail environment. But attention could now turn to profit margins.
American Express beat estimates for third-quarter earnings but still faces strong competitive pressure.