BlackRock's Cash Engine Gets Boost, but Its Profit Falls
Investors increased the flood of cash flowing into money-management giant BlackRock in the last quarter. But the firm saw profits fall 6.5% from the comparable quarter a year earlier.
Pepsi Expands in Africa With $1.7 Billion Deal
PepsiCo has agreed to pay $1.7 billion to buy South Africa's Pioneer Foods, as the beverage giant looks to expand and accelerate its growth in sub-Saharan Africa.
Budweiser Brewer to Sell Australian Unit to Japan's Asahi
Anheuser-Busch InBev agreed to sell its Australian unit for $11.3 billion, including debt, as it pushes forward with an effort to sell assets and pare debt after pulling an initial public offering of its Asia-Pacific businesses.
Carl Icahn Takes Steps to Replace Four Occidental Petroleum Directors
The billionaire investor says the energy company's board mismanaged its deal to acquire rival Anadarko Petroleum.
A Prescription for Pain at the American Drugstore Chain
A surge in online drug sales could pose a threat to CVS, Walgreens and Walmart
Blackstone Closes $14 Billion Permanent Infrastructure Fund
The new fund has "the equity to do things that others can't," said a person familiar with the fund.
Boeing Plans $5 Billion Charge to Compensate 737 MAX Customers
Boeing will set aside about $5 billion to compensate airlines which have suffered because of the prolonged grounding of the 737 MAX plane.
Gannett Closes In on Deal to Combine With GateHouse Media
USA Today publisher Gannett is nearing a deal to combine with rival GateHouse Media, a move that would join the nation's two largest newspaper groups by circulation.
Acacia Agrees to Increased Barrick Buyout
Acacia Mining soared after it agreed to a buyout of its minority shareholders by majority-owner Barrick Gold in a deal valuing the company at GBP951 million.
Investor Offers to Buy Another 3% of Aston Martin
Aston Martin's biggest shareholder has offered to buy another 3% stake in the luxury car maker at GBP10 each, which would take its overall investment to almost 34%.