China has set up a 20 billion yuan ($3.25 billion) investment fund to help bolster its fast-growing civil aviation industry, local media said on Monday.
Industry
U.S. approval of Merck cancer immunotherapy expected soon
U.S. regulators are likely to approve Merck & Co's highly anticipated immuno-oncology drug, pembrolizumab, as a treatment for melanoma well ahead of a late October deadline, according to three sources familiar with the situation.
Oak Hill Capital to buy Berlin Packaging for $1.43 billion
Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging LLC for $1.43 billion from Bahrain-based investment firm Investcorp Bank BSC INVB.BH.
BOC Aviation orders Boeing planes worth $8.8 billion
BOC Aviation, the leasing arm of Bank of China(601988.SS), has placed the biggest order in its 20-year history for 80 Boeing (BA.N) medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus jets.
CME Group resumes electronic trading after glitch delays open
CME Group delayed the start of trade on its electronic platform by four hours on Monday due to technical problems, the latest glitch to hit the world's largest futures market operator.
Latest News
Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion in cash, marking the latest multibillion-dollar deal in a consolidating pharmaceutical sector.
Berlin-based PR executive Herbert Franz should be a soft target for German luxury automakers - his last car was a BMW (BMWG.DE) X3 - but he can't wait to leave them behind.
As negotiations to resolve an increasingly bitter dispute over Indonesian mining rules teetered on the brink of collapse, the chairman of Freeport-McMoRan Inc James "Jim Bob" Moffett flew to Jakarta for last-ditch talks.
At least 25 people died when a gold mine collapsed near the Central African Republic town of Bambari, a spokesman for the mainly Muslim Seleka rebels which run the mine said on Friday.
Suppliers to Apple Inc (AAPL.O) are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.
Power company Dynegy Inc (DYN.N) said on Friday that it would buy coal and gas power plants for $6.25 billion to increase its presence in two less regulated eastern U.S. markets, sending its shares up as much as 22.5 percent.
As Chinese banks prepare to raise $55 billion in the country's first preferred share offers, foreign investment banks with experience in structuring such deals are ready to pounce on a potential $275 million in underwriting fees.
Germany's economy ministry will approve the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said.
Fraudsters are targeting JPMorgan Chase & Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.
