Johnson & Johnson (J&J), one of the world’s biggest makers of medical devices, said it will purchase Abiomed Inc. for about $17.3 billion, building on its portfolio of technology to assist heart function. J&J will pay $380 a share in cash, according to a statement. That represents a premium of about 50% over Abiomed’s closing price, and is close to ...

Morrisons is shutting more than 100 loss-making McColl’s convenience stores, putting as many as 1,300 jobs at risk just a few months after buying the corner shop retailer out of insolvency. The British supermarket chain has identified 132 stores where “there is no realistic prospect of achieving a break-even position in the medium term” and will close those sites over ...

Airbnb Inc. shares fell after the company gave a disappointing outlook for bookings in the fourth quarter, suggesting that consumer preferences are shifting away from higher cost rentals that thrived during the pandemic and back to urban and the cross-border destinations. The San Francisco-based home-sharing platform said it expects the pace of nights and experiences booked will “moderate slightly” in ...