Bloomberg Fortive Corp. will buy Johnson & Johnson’s medical sterilisation unit for $2.7 billion, adding a range of new products to the company that was spun off from medical and industrial parts giant Danaher Corp. in 2016. J&J’s Advanced Sterilisation Products business had sales of about $775 million last year, Fortive said in a statement announcing the transaction. For J&J, ...

Bloomberg Verizon Communications Inc. named Hans Vestberg as its next chief executive officer, picking a leader who plans to stay the course even as all three of the company’s major wireless rivals are pursuing megadeals. The move will take effect Aug. 1, ending months of speculation over who takes over at the largest US wireless carrier in the midst of ...

Bloomberg Euro-area exports fell for the first time in five years at the start of 2018, dragging on economic growth, which slowed sharply in the period. Updated first-quarter GDP data showed that government spending stagnated in the three months through March, while exports fell 0.4 percent and net trade proved a drag. The economy expanded 0.4 percent, down from 0.7 ...