Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break.
Netflix announced an update to its parental leave policy that will grant unlimited leave to both mothers and fathers with full pay within the first year after their child's birth or adoption.
After more than a decade under private equity ownership, and two different sets of investors, Neiman Marcus - home to $10,000 gowns and sometimes outlandish Christmas presents - is preparing to head back to the stock market.
... * Lockhart's view renews bets on Fed raising rates in Sept. * Weaker dollar earlier spurred rise in oil, commodity prices.
Sprint S 4.49 % has been polishing the skin of the wireless apple. But it hasn't fixed the rot at the core. The wireless carrier reported a smaller-than-expected fiscal first-quarter loss on Tuesday and said it added postpaid phone subscribers in May ...