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CVS to Buy Aetna for $69 Billion, Combining Major Health-Care Players

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CVS agreed to buy Aetna for about $69 billion in cash and stock in a move to transform the pharmacy company and capture more of what consumers spend on health care.

Rio Tinto Names Simon Thompson to Succeed Chairman

Rio Tinto has turned to Simon Thompson, a boardroom veteran with mining-industry experience under his belt, to succeed Jan du Plessis as chairman from next year.

Will CVS Deal to Buy Aetna Hold Up to Antitrust Scrutiny?

CVS Health's planned acquisition of Aetna will face tough antitrust scrutiny, but the limited overlap between the companies' businesses should help bolster their case for the deal, experts said.

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CVS Aetna Deal Tests Positive

A significant potential to re-energize the pharmacy business justifies the $69 billion price tag.

Latium Enterprises Offers $26 Million for Vitamin World

Bankrupt retailer Vitamin World has received an initial $26 million cash bid from Latium Enterprises to purchase its remaining 150 or so stores, subject to higher bids at a court supervised auction.

Pixar's 'Coco' Remains at Top for Second Week

Pixar's "Coco" remained the top film for the second straight week while a number of Oscar contenders packed theaters in specialty release.

U.S. Tech CEOs Tout China Cooperation Amid Clampdown

China's tightening grip on the internet has forced U.S. companies to recalibrate their efforts here, but there was little outward sign of friction as American executives on Sunday touted their commitment to the crucial Chinese market during the government's annual cyberspace conference.

How GM Helped Power the Fastest-Growing Auto Maker in China

General Motors's Chinese joint venture, Baojun, is taking more market share in the world's biggest car market but the U.S. company's minority stake leaves it vulnerable to a powerful local company.

Bookmakers Hope Odds Favor Them in Sports-Betting Case

Leagues already have been working with companies that monitor betting patterns to detect irregularities, a development that industry proponents say makes this a much safer environment to legalize sports gambling.

ABC News Suspends Ross for Erroneous Flynn Report

ABC News suspended investigative reporter Brian Ross for four weeks without pay after correcting a special report regarding former national security adviser Michael Flynn's potential testimony to special counsel Robert Mueller.

(END) Dow Jones Newswires

December 03, 2017 23:15 ET (04:15 GMT)