Royalty Pharma said it would lower the threshold for shareholder acceptance of its takeover offer for Elan, the latest twist in a monthslong struggle for the Dublin-based pharmaceutical firm.

Tesco executives will have to reverse falling profits to have a chance of a bonus next year as the struggling retailer changed its performance targets to reflect its recent strategic overhaul.

Teen-apparel retailer Rue21 agreed to be acquired by private-equity firm Apax Partners for $1.1 billion.

Chinese personal-computer maker Lenovo Group's fiscal fourth-quarter profit rose 90% from a year earlier, setting it apart from an industry that is struggling with weak demand.

Zale named former Signet Jewelers CEO Terry Burman as its chairman, while the jewelry retailer also swung to a fiscal third-quarter profit despite a slight drop in revenue.

SABMiller warned weaker demand for lager in the U.S. and volatile markets in Latin America are putting pressure on its beer sales, echoing comments from other major brewers about the industry's prospects.

Education publisher Pearson announced details of Chief Executive John Fallon's plan to refocus the business on digital services and emerging markets.

Faced with public outrage over tax-evasion scandals at a time of austerity budgets, European leaders are trying to ensure that everybody pays their fair share.

China's aviation regulator cleared Boeing's 787 aircraft for commercial service with the nation's airlines.

Some of the biggest U.S. companies, including Google and FedEx, have quietly removed hundreds of offshore subsidiaries from their publicly disclosed financial filings over the past several years.