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.
Occidental Petroleum may consider selling its overseas assets or splitting into three separate companies in order to fund a stock buyback and improve its share price, CEO Steve Chazen told investors this week.
Elan rejected the most recent approach by New York-based pharmaceutical investor Royalty Pharma, the latest twist in a monthslong struggle for the Dublin-based pharmaceutical firm.
A helicopter that is widely used to support the global energy industry may return to service in a few weeks after a nearly eight-month grounding because of engine problems, though two of its largest operators disagree on the likely timing.
SoftBank is readying a plan to allow the U.S. government an unusual level of influence over the operations of Sprint, a concession to ease security concerns raised by the proposed cross-border takeover.
Forest Laboratories said its veteran chief executive and president, Howard Solomon, will retire at the end of the year, ending his five-decade career with the pharmaceutical company.