Activist investor buys stake in Yahoo, urges AOL merger

Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc YHOO.O and urged the Internet company to explore a merger with AOL Inc AOL.N.


Venezuela takes over plants left by U.S. firm Clorox

Venezuela announced on Friday the "temporary" takeover of two plants belonging to U.S. cleaning products maker Clorox Co which has left the country because of difficult economic conditions.

Intel investing in China mobile chipmakers: sources

Intel Corp is close to announcing an investment in Chinese-government affiliated mobile chipmakers Spreadtrum Communications and RDA Microelectronics, its latest move to catch up in a smartphone chip industry led by Qualcomm Inc, according to two sources with knowledge of the plan.

Total to sell interest in Gulf of Mexico Tahiti project - sources

French oil company Total SA (TOTF.PA) is looking to sell its 17 percent stake in the Gulf of Mexico's Tahiti oil field, which could fetch between $1.5 billion and $2 billion in a deal, according to people familiar with the matter.


Latest News

The California Public Employees' Retirement System has asked a U.S. judge to reject a proposed settlement between Hewlett-Packard Co and shareholders over the computer maker's botched acquisition of Autonomy Plc.
Artificial sweetener maker NutraSweet Co said on Wednesday it would exit its aspartame business by the end of the year, citing increasing foreign competition.
The biggest U.S. bank listing since the financial crisis got a lukewarm reception from investors, forcing Royal Bank of Scotland RBS.L to cut the price of shares sold in Citizens Financial Group CFG.N.
National Australia Bank (NAB.AX) is considering the sale of its life insurance unit worth an estimated $800 million, seeking to boost earnings and returns on capital, people familiar with the matter told Reuters.
United States Steel Corp's (X.N) Canadian unit is preparing to quickly put its Hamilton assets up for sale and also hopes to run an auction process for its operations on Lake Erie, court filings showed on Tuesday.
Starbucks Corp (SBUX.O) on Tuesday said it plans to buy the remaining 60.5 percent share of Starbucks Coffee Japan Ltd (2712.T) that it does not already own in a two-step deal valued at about $913.5 million.
U.S. drugstore chain operator Walgreen Co (WAG.N) is exploring the sale of a majority stake in its infusion services business, in a deal that could value that division at around $1.5 billion, according to four people familiar with the matter.
Shares in drugmakers AstraZeneca (AZN.L) and Shire (SHP.L) both fell more than 5 percent on Tuesday after the U.S. Treasury took steps to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad.
Veresen Inc (VSN.TO), a Canadian pipeline company developing the Jordan Cove liquefied natural gas facility in Oregon, said on Monday it has agreed to acquire Global Infrastructure Partners' half interest in the Ruby pipeline system for $1.43 billion.
Standard & Poor's owner McGraw Hill Financial Inc (MHFI.N) said it would sell McGraw Hill Construction to a private equity firm for $320 million.
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