Bloomberg T-Mobile US Inc. and its German owners are advancing towards a long-awaited telecommunications union that would value merger partner Sprint Corp. at about $24 billion, according to people with knowledge of the matter. Under the terms being discussed, T-Mobile backer Deutsche Telekom AG would receive a 42 percent stake and 69 percent voting interest in the combined company, said ...

Bloomberg Xerox Corp.’s plan to sell itself to Japanese rival Fujifilm Holding Corp. was temporarily blocked by a New York judge who determined the chief executive officer behind the deal was trying to preserve his own job. Investor Darwin Deason sued to block the transaction, accusing CEO Jeffrey Jacobson of acting without authorisation to strike a deal with Fujifilm that ...

Bloomberg Johnson & Johnson persuaded an appeals court to throw out a $151 million award against the company over its Pinnacle artificial hips in a ruling that will affect thousands of lawsuits over the devices. A judge’s error in allowing hip recipients’ lawyers to use “highly prejudicial” evidence about bribes paid by officials of J&J units in their 2016 case ...

Bloomberg Allergan has a valuation problem and investors want to know what management is going to do about it. Shares have given up 37 percent of their value in the past nine months amid patent issues and competitive pressures. CEO Brent Saunders is sure to face questions on the company’s strategic review during Monday’s earnings call. In March, he promised ...

Bloomberg AT&T Inc. sales and earnings missed analysts’ estimates last quarter, putting additional pressure on the company to complete its Time Warner Inc. takeover and transition into a more diversified media giant. Earnings amounted to 85 cents a share in the quarter, excluding some items, the carrier said . That fell short of the average prediction of 88 cents, sending ...

Bloomberg Airbus SE plans to cap its takeover of the Bombardier Inc. C Series jetliner by scrapping the Canadian plane’s 14-year-old branding, people familiar with the plan said. Among the names under consideration for a plane in which Bombardier invested more than $6 billion is “A200,” according to the people, who asked not to be identified as no decision has ...

Bloomberg JetBlue Airways Corp. will reduce flights out of Long Beach by more than a third, after the California city blocked the carrier’s plans to add international flights, leaving a hole in its network from southern California. Daily departures from Long Beach will drop to 23 from 35 starting from September 5, JetBlue said in a statement. The move is ...

Bloomberg Steinhoff International Holdings NV ex-Chairman Christo Wiese is suing the scandal-hit retailer for $4.8 billion as the South African billionaire seeks to recoup investments he made in the company in 2015 and 2016. The retail tycoon was the biggest shareholder in the owner of Conforama in France and Mattress Firm in the US when the company reported a hole ...

Bloomberg InterGlobe Aviation Ltd.’s billionaire director Rahul Bhatia has taken over as interim chief executive officer after its president and director Aditya Ghosh unexpectedly resigned before a board meeting, the operator of India’s biggest airline said in an exchange filing. Ghosh is leaving at a time when the airline is changing some of its most successful policies such as moving ...

Bloomberg Paul Singer’s activist hedge fund, best known for its jousts with underperforming corporate titans, is about to start selling books in the UK. Elliott Advisors, a unit of Elliott Management Corp., has entered a binding agreement to acquire Waterstones from Alexander Mamut’s Lynwood Investments, the bookseller said in a statement. Waterstones operates a chain of 283 bookshops in the ...