Bloomberg Melrose Industries Plc made a hostile 7.4-billion-pound ($10.2 billion) bid for GKN Plc, which spurned the approach, setting up a battle to win shareholder support for the deal or the aviation supplier’s own plan to break itself up. The offer values GKN at 430.1 pence a share in cash and stock, Birmingham, England-based Melrose said in a statement. After ...

Bloomberg As more international travellers decide to skip America, ten business associations including the US Chamber of Commerce and the National Restaurant Association have created a travel industry group aimed at reversing the growing unpopularity of the US as a vacation destination. Historically, America only had to sit back and let foreign tourists and their money roll in. Over the ...

Bloomberg The US has told the United Nations agency that aids Palestinians that it will contribute only about half of a $125 million payment to the body, while demanding a “fundamental reexamination” of the social-service agency’s mission and funding before deciding whether to pay the rest. “It is time other countries, some of them quite wealthy, step in and do ...