Business

Business Health care M&A leads global deal surge
Large drugmakers are buying and selling businesses to control costs and deploy surplus cash. A rising stock market, tax strategies and low interest rates are also fueling the mergers and acquisitions.
Business UK firms Aviva, Friends Life in $8.8B merger talks
Britain's Aviva says it is in talks to buy another insurer, Friends Life for over 5.6 billion pounds ($8.8 billion) in a deal that would create the country's leading insurance, savings and asset management company by number of customers.
Business Egypt to host major economic conference in March
Egypt's prime minister says his government will host a three-day international economic conference in the Red Sea resort of Sharm el-Sheikh starting March 13 to support the country's economy.
Business Study: CEOs in 10 big mergers to get $430 million Study: CEOs in 10 big mergers to get $430 million
This year's flurry of corporate mergers may not pay off for shareholders in the long run, but one thing is for sure: The bosses who are selling their companies will do just fine.
Business Colorado pot credit union could open next year Colorado pot credit union could open next year
Colorado has granted a charter for the first financial institution to serve the state's cash-only marijuana industry. But action by the National Credit Union Administration and the Federal Reserve is needed, and pot's still illegal under federal law.
Business Grocery chain's Christmas ad stirs tears, outrage Grocery chain's Christmas ad stirs tears, outrage (Video)
Artillery booms. A trench comes into view. Soldiers huddle into their overcoats for warmth. The scene is the unlikely backdrop for a holiday commercial that has many Britons reaching for hankies - and others demanding it be pulled from the air.
Business China unexpectedly cuts rates to support economy China unexpectedly cuts rates to support economy
China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown.
Business U.S. consumer prices unchanged in October U.S. consumer prices unchanged in October
U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay.