Danaher Buys Cepheid for $4 Billion in First Deal Since Spinoff
Danaher Corp. made its first big deal since spinning off its industrial businesses in July to focus on science and technology, with the acquisition of medical diagnostics company Cepheid for $4 billion, including debt.The offer, at $53 a share, is 54 percent higher than Cepheid’s closing price on Friday, the last day of trading since the U.S. Labor Day holiday. With the deal, Danaher Chief Executive Officer Thomas Joyce is gaining a maker of instruments that enable fast genetic testing for infe..>> view originalBayer Raises Offer to Buy Monsanto
Updated Sept. 5, 2016 11:53 p.m. ET Bayer AG BAYRY 1.45 % raised its offer to buy Monsanto Co. MON 0.23 % and create a new global leader in seeds and pesticides, though the German firm said the higher price depended on achieving a “negotiated transaction.” Bayer, which has been discussing a deal with Monsanto since mid-May, said it would pay $127.50 a share for the St. Louis-based biotech seed giant, up from its previous offer of $125 a share. The higher offer va..>> view originalNavistar Steps Off The Bankruptcy Brink With Volkswagen Partnership
Fox News Will Pay Gretchen Carlson $20 Million To Settle Sexual Harassment Suit
Enlarge this image In July, Gretchen Carlson filed a lawsuit accusing then-Fox News Chairman Roger Ailes of sexual harassment. The network is settling the suit for a large sum of money and will offer an apology, a source tells NPR. Noam Galai/Getty Images for GIFF hide caption toggle caption Noam Galai/Getty Images for GIFF In July, Gretchen Carlson fi..>> view originalToy maker LEGO builds more plant capacity to revive growth in US sales
COPENHAGEN LEGO A/S reported a decline in revenue growth and profits for the first half of 2016, but only because the Danish toymaker needed time to add production capacity to meet increased demand for its colorful building bricks in North America, the company said on Tuesday.The group, which has become the world's most profitable toy maker ahead of Barbie Doll maker Mattel (MAT.O), saw revenue grow 11 percent in the six months to 15.69 billion Danish crowns ($2.35 billion), while operating pr..>> view originalU.S. Services Industries Expand at Weakest Pace in Six Years
America’s service industries expanded in August at the weakest pace in six years, joining manufacturers in an abrupt slowdown that may signal waning optimism about the economy.The Institute for Supply Management’s non-manufacturing index slumped to 51.4, the lowest since February 2010, from 55.5 in July, the Tempe, Arizona-based group’s report showed Tuesday. While a reading above 50 indicates the industries that make up almost 90 percent of the economy are expanding, the figure is lower than t..>> view originalTrump and Clinton clash over national security
VIRGINIA BEACH, Va. — With Labor Day behind them, Donald Trump and Hillary Clinton are battling over national security in the South’s top presidential battlegrounds. Trump, the Republican nominee, released an open letter early Tuesday from 88 retired generals and admirals citing an urgent need for a “course correction” on America’s national security policy. “We believe that such a change can only be made by someone who has not been deeply involved with, and substantially responsible for, the h..>> view originalCanada Shares Fluctuate as Industrials Slip, Enbridge Rallies
Canadian stocks fluctuated as weak industrial expansion in the U.S. sent shares in consumer and manufacturing shares lower while commodities producers rallied with resource prices.The S&P/TSX Composite Index slipped 0.1 percent to 14,782.20 at 10:24 a.m. in Toronto. The benchmark capped a 1.1 percent rally last week for its best advance since July 15. Canadian equity markets were closed Monday for a holiday.Among shares moving, Enbridge Inc. led gains in energy producers after agreeing to a $28..>> view original
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