Canadian buyout firm Onex Corp (OCX.TO) is in talks to buy a UK safety and survival equipment maker from Warburg Pincus LLC [WP.UL] for about 450 million pounds ($704 million), Bloomberg reported, citing three people with knowledge of the discussions.
North America
GSK cuts U.S. sales and research jobs as market gets tougher
GlaxoSmithKline (GSK.L) said on Wednesday it would shed "several hundred" U.S. commercial jobs and a similar number of research positions as it restructures operations in its biggest market, where drug sales are flagging.
Sony investigators find links to North Korea in hack probe
Hackers used tools in a devastating cyber attack on Sony Pictures Entertainment that were based on ones used in similar attacks conducted against South Korea by North Korea, a person familiar with the company's investigation said on Wednesday.
Cyclicals lead Wall St. higher; Dow, S&P end at records
U.S. stocks rose on Wednesday, with both the Dow and S&P 500 ending at records, as data pointed to improving conditions in the U.S. services sector, boosting cyclical stocks.
Bill would cap Russian engines on U.S. satellite launches
A compromise defense policy bill in Congress would bar the purchase of more Russian-made rocket engines to launch U.S. military satellites, clearing the way for competitive bids for 14 future launches, senior congressional aides said on Tuesday.
Latest News
A key House panel has delayed a hearing on the Federal Communications Commission's efforts to write new Internet traffic rules aimed at assuring "net neutrality."
Eight days after a massive cyber attack on Sony Pictures Entertainment, the Hollywood studio was still struggling to restore some systems on Tuesday evening as investigators combed for evidence to identify the culprit.
Iranian hackers have infiltrated some of the world's top energy, transport and infrastructure companies over the past two years in a campaign that could allow them to eventually cause physical damage, according to U.S. cyber security firm Cylance.
U.S. online sales grew a smaller than expected 8 percent on Cyber Monday after web promotions before and during the Thanksgiving weekend robbed business from what has traditionally been the busiest day of the year for Internet shopping.
The Federal Bureau of Investigation warned U.S. businesses that hackers have used malicious software to launch a destructive cyberattack in the United States, following a devastating breach last week at Sony Pictures Entertainment.
The United Auto Workers union said on Monday it will press managers of the Daimler AG's (DAIGn.DE) Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor.
Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market, in an operation that has compromised sensitive data about dozens of publicly held companies.
A massive data collection system that Wall Street's industry-funded watchdog is pushing in order to ramp up oversight would cost clearing firms $680 million to build, plus other costs to the industry that far exceed the regulator's initial estimates, a major trade group said on Monday.
General Motors Co (GM.N) will recall 316,357 SUVs and sedans, mainly in North America, because the low-beam headlights can stop working, the company said on Monday.
