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.
Thomson Reuters and Markit, rival data providers, have teamed up with investment banks to build a new messaging service to challenge competitor Bloomberg LLP.
GrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands.
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.
Southern Co. replaced the head of its Mississippi utility amid growing concern about the cost of a "clean coal" power plant whose estimated price tag has ballooned to $4.3 billion.
Doug Lawler, the Anadarko Petroleum executive picked to be Chesapeake Energy's second-ever CEO, was hired after Chesapeake shifted strategy in its search to replace Aubrey McClendon.
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.
Hershey will introduce a milk-based candy in China and open up a Shanghai R&D center as part of its strategy to build a presence the world's fastest-growing candy market.
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.
