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Bloomberg Royal Philips NV’s $1.7 billion deal to buy Spectranetics Corp., a US maker of devices to treat cardiac disease, shows the Dutch company is moving more aggressively to bolster its growing health-care business. Philips will offer $38.50 a share in cash for the Colorado Springs-based company, according to a statement on Wednesday. The price is 27 percent above Spectranetics’ ...

Bloomberg A.P. Moller-Maersk A/S has shut down systems across its operations to contain a cyber attack against its computer network as it assesses the full impact. Vessels at its Maersk Line unit, the world’s largest container carrier, are maneuverable, able to communicate and its crews are safe, but the Copenhagen-based company isn’t able to accept bookings from clients. “Our portal ...

Bloomberg Blue Apron Holdings Inc. is used to pitching its pre-portioned meal kits as an alternative to shopping for groceries, eating out or ordering in. The past week and a half, the company has faced a new challenge: Convincing investors of its value during a roadshow for its initial public offering. Blue Apron aims to raise as much as $510 ...

Bloomberg Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. There have been about $132 billion of transactions recorded this year, the highest since $156.5 billion in the first half of 2007, according to data compiled by Bloomberg. Local companies snapped up these energy assets, boosting domestic M&A ...

Bloomberg The US will impose further punitive tariffs on imports of softwood lumber from Canada, escalating a longstanding trade dispute that’s already led to higher timber prices. Preliminary anti-dumping duties of as much as 7.7 percent will be levied on Canadian producers, the US Department of Commerce said in a statement. The move follows the government’s decision in April to ...

Bloomberg Qatar will remain cut off from its neighbours unless its leaders meet the full demands of the Saudi Arabia-led coalition, a senior Saudi official said, even as the top US diplomat continued efforts towards a negotiated settlement. “We made our point, we took our steps and it’s up to the Qataris to amend their behaviour,” Saudi Foreign Minister Adel ...

Bloomberg UK Prime Minister Theresa May will face the first key test of her new minority government’s power as opposition Labour Party leader Jeremy Corbyn challenges Tory lawmakers over austerity. In the wake of the inferno at a London high-rise apartment building this month that’s believed to have killed 79 people and a wave of terrorist attacks in Britain, Corbyn ...

Bloomberg Australian Prime Minister Malcolm Turnbull sought to focus attention on his plans to boost the economy, after conservative firebrand lawmaker Tony Abbott criticized the nation’s direction under Turnbull’s leadership. “Australians are bored, fed up with journalists and politicians talking among themselves,” Turnbull, who led the Liberal-National coalition to a razor-thin one-seat election victory a year ago, told reporters on ...

Bloomberg Venezuelan President Nicolas Maduro blamed a former ally for orchestrating an incident in Caracas on Tuesday evening that involved a police helicopter flying over government institutions and allegedly firing shots and dropping grenades from the air. Maduro, speaking on state television, said he activated an air defense plan and deployed all military special forces to capture the helicopter crew ...

Bloomberg Since taking office in January, President Donald Trump has pulled the US out of the Trans-Pacific Partnership and started renegotiation of the North American Free Trade Agreement. The challenge for South Korean President Moon Jae-in, who heads to Washington this week, is to keep Trump away from another deal the billionaire dislikes: their 2012 free-trade pact. The summit between ...