Digital River said it has agreed to be acquired by an investor group led by Siris Capital Group for $831.5 million in cash.
Apartment-rental site Airbnb has met with investors to discuss an employee stock sale that would value the apartment-rental site at about $13 billion, according to people familiar with the matter.
LyondellBasell Industries said its third-quarter earnings rose 6.7%, led by a 40% increase in operating revenue from the olefins segment in the Americas.
GT Advanced and Apple reached an agreement on winding down production of sapphire materials.
Activist investor ValueAct Capital Management disclosed a 5.7% stake in Canadian fertilizer giant Agrium Inc., which last year beat back a challenge from Jana Partners.
Europe’s pensions industry has accused its European Union regulator of over-reaching its authority by pursuing plans to develop what pension funds say amounts to a new and onerous capital regime.
Chiquita has terminated its deal with Irish food company Fyffes and said it plans to enter negotiations with Cutrale-Safra, the coalition between a Brazilian orange juice maker and an investment firm.
Ron Johnson, who helped build Apple’s successful retail stores before a troubled stint as J.C. Penney CEO, is readying a well-funded startup that aims to help online shoppers find the right products.
UPS said its revenue rose 5.7% in the latest quarter, boosted by a higher number of deliveries from overseas, and added that it expects shipments in December to jump 11% from a year ago.
P&G said it plans to exit its Duracell battery business and will likely split the operation off into a separate company, part of its plan to shed up to half its brands to simplify and speed sales growth.