BMW, Great Wall sign letter of intent for electric Mini JV in China


FRANKFURT German premium carmaker BMW and China's Great Wall Motor Co have signed a letter of intent to jointly produce electric Mini vehicles in China, BMW said on Friday.

Britain's Standard Life Aberdeen sells insurance unit to Phoenix 23 Feb 2018

LONDON Standard Life Aberdeen (SLA) has agreed to sell the bulk of its insurance business to Phoenix Group for 3.24 billion pounds ($4.5 billion), allowing it to focus on savings and investment products.

General Mills moves into pet food with $8 billion Blue Buffalo deal 4:48am IST

Cheerios cereal maker General Mills Inc will buy Blue Buffalo Pet Products Inc for nearly $8 billion, foraying into a fast-growing pet food market to counter declining sales of processed foods. | Video

U.S. blocks chip equipment maker Xcerra's sale to Chinese state fund 23 Feb 2018

U.S. semiconductor testing company Xcerra Corp said on Thursday a U.S. national security panel had blocked its $580-million sale to a Chinese state-backed semiconductor investment fund, the latest such deal to be thwarted.

Broadcom cuts Qualcomm offer to $117 billion after new NXP deal 22 Feb 2018

Microchip maker Broadcom Ltd cut its bid for Qualcomm Inc on Wednesday by 4 percent to $117 billion as it objected to Qualcomm’s decision to raise its own bid for NXP Semiconductors NV to $44 billion. | Video

Merck to buy virus-based cancer drug firm Viralytics for $394 million 21 Feb 2018

U.S. drugmaker Merck & Co, already one of the leaders in the hot area of cancer immunotherapy, said on Wednesday it had agreed to buy Viralytics for 502 million Australian dollars ($394 million) to expand its pipeline in the sector.

Temenos in talks to buy British trading software company Fidessa 20 Feb 2018

Swiss banking software supplier Temenos is in talks to buy Fidessa Group for about 1.4 billion pounds ($1.96 billion), it said on Tuesday, to add the British company's equities-trading technology to its portfolio.

U.S. seeks to block AT&T from citing Trump opposition in merger lawsuit 17 Feb 2018

WASHINGTON The U.S. Department of Justice on Friday moved to prevent AT&T Inc from arguing that politics played a role in the government's decision to stop its merger with Time Warner Inc, a deal that President Donald Trump had publicly criticized.

Roche to buy Flatiron Health for $1.9 billion to expand cancer care portfolio 16 Feb 2018

Swiss drugmaker Roche Holding AG said on Thursday it would buy the rest of U.S. cancer data company Flatiron Health for $1.9 billion to speed development of cancer medicines and support its efforts to price them based on how well they work.

Idea Cellular launches up to $546 million share sale 15 Feb 2018

MUMBAI Indian wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to 35 billion rupees ($546 million) ahead of its merger with Vodafone's Indian business.