International News

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 Chinese smartphone maker Xiaomi Corp. is making unusual preparations for what may be the world’s biggest initial public offering this year. The Beijing-based company, led by serial entrepreneur Lei Jun, is promising to limit the net profit margin in its hardware business “forever” to no more than 5 percent, according to an emailed statement. The policy will apply to ...

Bloomberg Takeda Pharmaceutical Co. reached a preliminary agreement to buy Shire Plc with a sweetened takeover offer of about $64 billion, closing in on a takeover that would vault it into the ranks of the world’s top pharma companies. The UK-listed company’s board said it was willing to recommend the latest offer to shareholders, and the companies got more time ...

Bloomberg Months after calling off a planned partnership with Tata Motors Ltd., Volkswagen AG signalled it isn’t shutting the door on a tie-up with the Indian automaker as it works on a strategy to bring budget cars to millions of cost-conscious buyers in the South Asian country. Cooperation with the owner of Jaguar Land Rover Plc is possible “in principle” ...

Bloomberg Bharti Airtel Ltd. agreed to merge its tower unit with Indus Towers Ltd. in a deal that creates a $14.6 billion operator of telecom facilities that’s the largest outside China. The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India, Bharti Airtel said in a statement. Under the deal, Bharti Infratel agreed to ...

Bloomberg Alibaba co-founder Jack Ma argues that nations from Japan to China need to develop their own semiconductor technology to get around America’s grip on the global chip market. The billionaire executive chairman of Alibaba Group Holding Ltd., explaining the e-commerce titan’s growing interest in chips including this month’s acquisition of local design-house Hangzhou C-Sky Microsystems Co., said he’s motivated ...

Bloomberg China’s policies to cut pollution is driving a rapid move toward electric vehicles in the world’s biggest market and causing an upheaval in the global auto industry, Aston Martin Holdings Ltd. Chief Executive Officer Andy Palmer said. “This whole show is revolving around what they call new energy vehicles, but Chinese policy is very much driving the move towards ...

Bloomberg US prosecutors are nearing their first charges against companies in an almost four-year-old criminal investigation into alleged price-fixing by generic-drug makers, according to people familiar with the matter. At least two companies are on track to be indicted in the coming months, in addition to several executives, said two people, who spoke on condition of anonymity because the investigation ...

Bloomberg Comcast Corp. formalised its 22 billion pound ($30.7 billion) bid for Sky Plc, throwing down the gauntlet to Rupert Murdoch’s 21st Century Fox Inc. and Walt Disney Co as they vie for Britain’s largest pay-TV broadcaster. Sky’s independent board members welcomed the offer and said they’re withdrawing their recommendation that shareholders accept the Fox proposal. Comcast is offering 12.50 ...