Sealed Air, the original seller of Bubble Wrap since 1960, is rolling out a revamped version of its signature product with one key difference: The bubbles don’t burst when pressure is applied.
ACE agreed to buy fellow property-and-casualty insurer Chubb in a cash-and-stock deal valued at $28.3 billion, the largest-ever deal between two companies in the insurance industry.
General Mills reported weaker-than-expected revenue in its May quarter, as the food maker continues to struggle with changing consumer tastes.
U.S. stock prices rose on Wednesday, as investors appeared reassured by signs that Greece and its creditors showed a willingness to negotiate.
Janus Capital is spending at least $85 million to buy a majority interest in Kapstream Capital, and one of the Australian-American bond fund’s founders will join Bill Gross’s fund as a co-manager.
Oil prices skidded to their lowest level in two months Wednesday in a selloff spurred by a supply glut that just won’t quit.
Agricultural prices face a 10-year bear market, says the OECD. That is bad news for companies supplying tractors and fertilizer.
A dearth of Treasurys will limit the Federal Reserve’s ability to affect long-term interest rates.
The Puerto Rico Electric Power Authority paid all principal and interest due to bondholders, buying the troubled utility time as it works to reach a deal with creditors.
The private-equity firm’s two biggest buyout funds are in the red, a result of the steep drop in oil prices and ill-fated investments in energy companies.