Bloomberg Bang & Olufsen A/S lost more than a quarter of its market value after the Danish maker of luxury TVs and stereos warned sales won’t grow this year because of distribution snafus. The shares sank as much as 28 percent, shrinking the company’s value to 4.4 billion Danish kroner ($674 million) and heaping pressure on Chief Executive Officer Henrik ...

Bloomberg Two of the world’s biggest drugmakers agreed to create a giant seller of over-the-counter medicines, in yet another sign that pharmaceutical giants are slowly turning away from the grocery store and back towards the laboratory. GlaxoSmithKline Plc and Pfizer Inc said that they plan to combine their sprawling consumer-health businesses into a single company selling everything from Advil pain ...

Bloomberg The death toll from a tsunami triggered by suspected volcanic activity near the Sunda Strait in Indonesia has topped 200 as rescuers continue to search for dozens missing in the tourist region. More than 220 people, mostly tourists, are confirmed dead, at least 843 injured and dozens are missing in the two provinces hit by waves late on Saturday, ...