Bloomberg BlackBerry Ltd. boosted its fiscal 2017 earnings outlook and posted a profit in the third quarter, showing the company’s bet on moving more into software and completely away from handsets is paying off. Fiscal third-quarter earnings per share, excluding some items, were 2 cents, compared with analysts’ average estimate of a loss of 1 cent. BlackBerry said it …

  Bloomberg Actelion Ltd. Chief Executive Officer Jean-Paul Clozel is known for his faith in the Swiss drugmaker’s experimental medicines, an optimism that may have helped scuttle a deal with Johnson & Johnson. New suitor Sanofi has the perfect negotiating tool. The French company’s takeover offer may include a contingent value right, or CVR, worth about $20 of the $275 …

  London / AFP Europe’s main stock markets dropped on Wednesday, with focus once more on Italian bank Monte dei Paschi, whose shares tumbled on fading hopes that it will avoid a state bailout. Around 1115 GMT, London’s benchmark FTSE 100 index was down 0.2 percent compared with the close on Tuesday. In the eurozone, Frankfurt’s DAX 30 slipped 0.1 …