Business

Business

Correction: Obit-Mellon story

In a story April 17 about the death of Matthew Mellon, The Associated Press reported erroneously that Mellon had died at a rehabilitation center in Cancun, Mexico. Police have confirmed that Mellon died in a Cancun hotel room, not in a rehab facility. A corrected version of the story is below:...


Business

Money managers go with comfort zones over returns, survey shows

(c) 2018, Bloomberg. Your money manager could be doing a better job maximizing performance. A new survey from Greenwich Associates found that many institutional investors do not consider how to get the most efficient exposure to an asset or industry when allocating capital. That’s leading them to...


Business

`Rogue executive' led Xerox into Fuji deal, complaint claims

(c) 2018, Bloomberg. Xerox Corp. was a company racked by infighting, rogue decision-making and dishonesty as it raced to sell itself to Japanese rival Fujifilm Holding Inc., according to claims detailed in new court filings. The amended complaint, filed Thursday in state court in Manhattan by...


Business

Qualcomm gets new deadline for NXP as China seeks remedies

(c) 2018, Bloomberg. Qualcomm reapplied for approval from China’s Ministry of Commerce for its acquisition of NXP Semiconductors, which demanded a July deadline for closing the deal as regulators required additional concessions to give it approval. The two companies have extended their agreement...


Business

Even as markets shake, investors seek the riskiest corners

Of Mutual Interest Diving Into Risk

NEW YORK (AP) — Even the suddenly shaky stock market hasn’t scared people away from investments that are supposed to be some of the world’s riskiest. In a surprising twist, investors have continued to pump money into funds that own Chinese technology giants, Thai energy companies and other stocks...


Business

Austria wants to act as bridge between EU, China's new Silk Road

(c) 2018, Bloomberg. Austria wants to function as a bridge between China and Europe, attracting investments from e-commerce to electric automobiles while laying the groundwork for trade over the new Silk Road, according to a top government official. The Alpine country plans to increase the...


Business

Skilled-labor shortage makes home repairs a headache

Special to The Washington Post. When a major spring storm strikes, dealing with home damage caused by heavy rain, hail or high winds can be overwhelming. But you might have something else to worry about besides a leaking roof or flooded basement. Finding a qualified contractor to perform repairs...


Business

Even in pharma, M&A shouldn't be this easy, really

(c) 2018, Bloomberg. M&A shouldn’t be this easy. London-listed drugmaker Shire has nudged Japan’s Takeda Pharmaceutical Co. to up its takeover proposal twice to 44 billion pounds ($62.5 billion). Allergan said on Thursday it was considering a bid only to say it wouldn’t after its shares suffered a...


Business

Allergan says it won't make bid for Shire, ending brief drama

(c) 2018, Bloomberg. Allergan said it wasn’t making a takeover offer for drugmaker Shire, only hours after indicating it could pursue a bid. The drugmaker said in a statement on Thursday afternoon that it instead was continuing “its ongoing process of evaluating a full range of potential strategic...


Business

Dominion's $8 billion scana deal dealt another blow in S.C.

(c) 2018, Bloomberg. Dominion Energy’s $7.9 billion takeover of troubled utility-owner Scana Corp. is looking even less likely to happen, or less likely on the current terms, after a bill passed by South Carolina legislators late Wednesday. The state Senate voted to cut the money Scana can collect...


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