Category: Business

Nestle (NESN.S) will pay $2 billion to buy the remaining stake in Aimmune Therapeutics Inc (AIMT.O), gaining full ownership of the first U.S.-approved peanut allergy treatment which has struggled with a slow launch due to the COVID-19 pandemic. Nestle said on Monday its offer for Aimmune values the California-based drugmaker, in which it already has […]

Private equity firm KKR & Co Inc (KKR.N) will sell business software maker Epicor Software Corp to Clayton Dubilier & Rice in a $4.7 billion deal, the companies said on Monday. The buyout of Epicor, which provides application software to mid-sized retailers, distributors and manufacturers, is one of the U.S. sector’s largest so far this […]

Aviation training specialists, which saw simulator sales plummet when the coronavirus pandemic brought air travel to a near halt, are getting some relief from an uptick in demand from cargo carriers and airlines gearing up for the Boeing (BA.N) 737 MAX’s return to service. Simulator makers Textron (TXT.N) and CAE (CAE.TO) had bet on a […]

At a time when oil production is at historic lows, lenders who want Mexican oil giant Pemex to adapt to climate change are struggling to be heard. Big oil companies such as BP (BP.L), Royal Dutch Shell (RDSa.L) and Repsol (REP.MC) have begun to build strategies to cut the carbon they emit. But state-owned Petroleos […]

Brazil’s official interest rates and the average cost of servicing its public debt have never been lower, but investors are becoming worried that the government could face a funding crisis next year. The premium that investors demand to lend longer-term to Brazil has risen amid record borrowing and government debt, along with concern that the […]

Berkshire Hathaway Inc (BRKa.N) has bought a 5% stake in each of Japan’s five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate. The long-term investment in Itochu Corp (8001.T), Marubeni Corp (8002.T), Mitsubishi Corp (8058.T), Mitsui & […]

Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have become financial albatrosses. The prospect for relief is limited: the industry is still working through the […]