Online design retailer Fab is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital.
Whirlpool swiftly cut its U.S. costs to boost profit at its North American operations, but in Europe efforts to pare job and implement work-rule changes have impeded a turnaround of its money-losing operations there.
Sprint Nextel said it agreed to enter into negotiations with Dish Network Corp. about Dish's $25.5 billion bid for the wireless carrier. But Sprint stopped short of saying Dish's offer could be superior to what Japan's SoftBank has already bid.
Stefano Pessina, the billionaire head of Alliance Boots, says his company's partnership with Walgreen and AmeriSource Bergen will give them unparalleled prescription-drug purchasing power and streamline delivery logistics.