Bloomberg It once looked like Anil Agarwal could shake up the mining industry by amassing the biggest stake in Anglo American Plc. But in the end the Indian tycoon’s lack of financial firepower forced him to unwind his investment. For two years, Agarwal kept insiders and Anglo executives guessing about why the billionaire decided to take a position in the ...

Bloomberg A unit of Reliance Communications (RCom) Ltd, tycoon Anil Ambani’s distressed telecom firm, is seeking an extension from holders of its dollar-denominated bonds maturing on August 1, the company’s spokesman said. Global Cloud Xchange is in discussions with holders of its 7 percent $350 million notes for a deal that would provide the issuer more time to discuss options ...

Bloomberg Pfizer Inc plans to combine its off-patent business, which includes Lipitor cholesterol pills and male-impotence drug Viagra, with Mylan NV and form a generic drug giant, according to people familiar with the matter. The deal, if completed, could be announced as early as Monday, said the people, who asked not to be identified because the negotiations are private. Under ...