Deals
IBM signs $1.25 billion WPP cloud deal and says more coming
IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer services giant said in an interview.
Japan's Otsuka to buy Avanir for $3.5 billion ahead of patent cliff
Japanese drugmaker Otsuka Holdings Co Ltd plans to buy U.S.-based Avanir Pharmaceuticals Inc for about $3.5 billion to expand its neurologic drug portfolio ahead of an expiration of a key drug patent.
Aviva agrees terms of $8.8 billion Friends takeover
British insurer Aviva (AV.L) agreed terms on Tuesday for a 5.6 billion pound ($8.8 billion) all-share takeover of rival Friends Life (FLG.L), responding to pressures caused by pension industry reform.
Brazil airline Azul plans IPO in Sao Paulo and New York
Azul SA, Brazil's third-biggest airline, revived plans for an initial public offering in Sao Paulo and New York as it prepared to add the first of 75 Airbus jets and to begin flights to the United States.