AIG posts bigger fourth-quarter loss, adds .5 billion to buyback program Shares of the company, which also raised its share buyback program by up to $ 3.5 billion, were down 4.5 percent in after-hours trading on Tuesday. Much of the loss was due to the reserve charge for long-term risks on U.S. commercial insurance policies [...]
Trian takes .5 billion stake in Procter & Gamble (Reuters) – Trian Fund Management LP on Tuesday disclosed that it bought a $ 3.5 billion stake in Procter & Gamble Co , making it the second activist shareholder to take aim at the consumer products giant in the last five years.
Aetna, Humana terminate billion deal; Humana to receive billion (Reuters) – Health insurers Aetna Inc and Humana Inc said on Tuesday that they would end their $ 34 billion merger agreement after a U.S. federal court ruled against the deal, saying it would stifle competition in the Medicare Advantage program. Aetna will pay Humana a [...]
Allergan to buy Zeltiq Aesthetics for about .48 billion (Reuters) – Allergan Plc on Monday said it would buy Zeltiq Aesthetics Inc for about $ 2.48 billion to gain access to its flagship body contouring technology.
Reckitt finalizes deal to buy Mead Johnson for .6 billion Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition for $ 16.6 billion, giving the British consumer goods company a new product line and expanding its presence in developing markets. Reckitt, the maker of Lysol cleaners, Durex condoms and Mucinex cold [...]
Ford invests billion in Argo AI to advance its virtual driver system The plan is to use Argo AI to develop a virtual driving system for Ford's fully autonomous vehicles slated to hit the market in 2021.
Ford to invest billion in autonomous vehicle tech firm Argo AI Ford Motor Co plans to invest $ 1 billion over the next five years in tech startup Argo AI to help the Detroit automaker reach its goal of producing a self-driving vehicle for commercial ride sharing fleets by 2021, the companies announced on Friday. [...]
Aon to sell benefits outsourcing to Blackstone for .3 billion Aon could get up to $ 500 million more based on future performance, as part of the deal. London-headquartered Aon said it expected the deal to improve its return on invested capital and add to adjusted earnings per share in 2018. Proceeds from the deal [...]
Reckitt Benckiser reaches deal to buy Mead Johnson for .6 billion Reckitt Benckiser has agreed to buy U.S. infant formula maker Mead Johnson Nutrition for $ 16.6 billion, its biggest deal ever and opening up a new market area for the British consumer goods company. Reckitt, the British maker of Lysol cleaners and Durex condoms, [...]
Boeing’s billion Singapore Air order does not fill 777, 787 gap: CEO Boeing Co must sell more 777 and 787 jetliners to keep production plans on track, despite a $ 13.8 billion order that landed earlier on Thursday, its chief executive said. The order from high-profile customer Singapore Airlines is a strong endorsement of both [...]