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.
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.
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.
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.
Cerberus is eyeing about a half-dozen grocery chains, including Harris Teeter Supermarkets, for potential bids, as the private-equity firm weighs whether to further expand its grocery business.
