Mason Capital Management met with TransCanada Corp. shareholders to gauge interest in shaking up the pipeline operator's corporate structure to boost its stock price, according to a person familiar with the matter.
Alibaba shares surged in their market debut Friday, making the Chinese e-commerce giant one of the most valuable companies in the U.S.
Investors lucky enough to get shares in Alibaba's initial public offering Thursday saw the stock price soar 36% when the shares opened for trading Friday.
SAP has agreed to buy Concur Technologies, a provider of expense-management software, in a deal valued at about $8.3 billion.
Aerospace giant Boeing is preparing to shift away from fighter jets as orders dry up, leaving a company with a rich military history without a fighter and ceding the market to Lockheed.
Secretive money manager Michael Larson has helped make Microsoft co-founder Bill Gates's fortune balloon to $82 billion in last 20 years.
Prices for the key chocolate ingredient have surged by over 6% this week amid fears the deadly Ebola virus spreading through West Africa could disrupt the region's supply of cocoa.
Scottish voters' decision to stick with the rest of the U.K. lifted stocks, but gave sterling only a brief boost as it left investors with gnawing doubts about the long-term political outlook.
Shares of Chinese e-commerce giant Alibaba opened at $92.70, up from their initial public offering price of $68.
Major stock benchmarks shot to fresh records Friday as investors cheered Scottish voters' decision to remain part of the U.K., while market watchers looked ahead to public trading of Alibaba.