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Mallinckrodt to Buy Sucampo Pharmaceuticals for About $840 Million

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Mallinckrodt will buy Maryland-based Sucampo Pharmaceuticals for about $840 million, the companies said, as the drug giant looks to diversify its portfolio after regulatory scrutiny has hurt its opioid sales.

Uber to Sell U.S. Auto-Leasing Business to Startup

Uber is selling its U.S. subprime auto-leasing business to startup-car marketplace, ending a bid to attract drivers who lack regular access to vehicles.

Harbinger Sues Apollo Over LightSquared Losses

Philip Falcone's hedge fund said it was defrauded by Apollo Global Management into pouring $2 billion into the ill-fated wireless venture formerly known as LightSquared Inc.

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Mitsubishi UFJ Seeks $4 Billion-Plus Deal for Indonesian Bank

Mitsubishi UFG Financial said it planned to take a majority stake in a midsize Indonesian bank, bolstering its presence in a fast-growing Asian nation to balance weakness in Japan.

Retailers Feel Shoppers' Christmas Cheer

Shoppers of all income levels spent more this holiday season, prompting some Yuletide joy among retailers that struggled through a difficult year.

Disney-Fox Deal Gives Glimmer of Hope for Movie Lovers

To compete with Netflix, Disney is counting on Fox to help produce a wider array of movies including lower-budget originals for its Hulu streaming service.

New Cost-Cutting Strategy for Airlines: Buy Planes in Bulk

Airlines looking to lower capital costs are getting together behind a time-tested tactic when negotiating for new aircraft: Buy in bulk for lower prices.

Under Pressure at Under Armour, CEO Says His Eye Is on the Ball

Under Armour Chief Executive Kevin Plank faces sales declines and executive defections at the sportswear maker-and questions from investors about how he is juggling his private ventures at Plank Industries.

Seoul Allows LG Display to Take OLED Skills to China

South Korea will allow one of its largest companies to build a new organic light-emitting diode production facility in China, the first time a Korean firm will transfer the sophisticated technology abroad.

Regulators Propose Rollbacks to Offshore Drilling Safety Measures

Federal regulators are proposing to roll back safety measures put in place after the Deepwater Horizon oil spill, which could affect real-time monitoring of offshore installations and third-party inspector certification.

(END) Dow Jones Newswires

December 26, 2017 17:15 ET (22:15 GMT)