Mallinckrodt Enters Creditor Talks Ahead of Potential Generics Bankruptcy
Mallinckrodt has begun confidential discussions with creditors and is considering placing its U.S. generic-drug business into bankruptcy to address coming debt maturities and liabilities stemming from the opioid crisis, according to people familiar with the matter.
Salesforce, Silver Lake Pump Money Into ServiceMax
The new $80 million investment is aimed at helping the software company beef up product development.
Dine Looks to Slow Applebee's Closures
The restaurant company expects fewer Applebee's closures this year and aims to open new locations in the years ahead despite challenges for casual-dining chains.
Third Point, in Letter, Says Prudential Should Separate U.S., Asian Businesses
Third Point sent a letter to Prudential's board, urging Prudential to"separate the company's Asian and U.S. operations to increase investment in both businesses, optimize growth, and drive higher valuation."
Investors Retreat From Oil Firms in Sign of Rising Skepticism
Major oil companies are working hard to articulate a vision for their future, but the energy sector's poor performance shows that many investors aren't buying it.
HSBC Keeps Net Open for New CEO
HSBC said it would continue looking for a new chief executive while it considers permanently appointing interim CEO Noel Quinn, after UniCredit boss Jean Pierre Mustier withdrew from talks about the job.
Boeing Offers More Support for 737 MAX Suppliers
Boeing is planning more financial and other support to its 737 MAX suppliers to prepare them to resume production of the jetliner-and dissuade some from seeking more business from Airbus.
Travel Stocks Hammered
Shares of airlines and travel companies around the world plunged on speculation that authorities may crack down on movement after the biggest outbreak of coronavirus outside Asia emerged in Italy.
Teck Pulls Oil Project, Blames Canada's Climate-Policy Uncertainty
A Canadian mining company shelved a proposed multibillion-dollar energy project that the federal cabinet was days away from issuing a verdict on, citing political uncertainty about oil-and-gas development in the resource-rich country.
PepsiCo to Buy Chinese Online Snack Company for $705 Million
PepsiCo has agreed to buy Be & Cheery, an online snack company in China from Haoxiangni Health Food, for $705 million.