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Shoppers Drug Mart (SHDMF, SC.T) has agreed to acquire substantially all of Paragon Pharmacies Ltd.'s (PGN.V) assets for $75 million in cash, in a deal that will expand Shoppers's presence in western Canada.
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The U.K.'s healthcare cost-effectiveness body Wednesday issued its final recommendation for Bayer AG's (BAYN.XE) anti-clotting pill Xarelto as an option for the prevention of stroke and systemic embolism in people with atrial fibrillation.
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Libya's prosecutor office is probing possible irregularities in crude sales to oil giants China International United Petroleum & Chemical Co. (0386.HK), or Unipec, and PetroChina Co. Ltd. (0857.HK) as part of a broader probe into Gadhafi-era oil deals, a file from Libya's Interpol bureau shows.
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Ford Motor Co. (F) bond prices soared late Tuesday after the automaker received another ratings upgrade that officially places the automaker in the investment-grade universe.
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Telefonica SA (TEF) has raised its treasury stock to 3.06% from close to 1.975% since mid-February, according to records of the Spanish stock market regulator.
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Analysts for at least two of Facebook Inc.'s (FB) lead underwriters revised their financial forecasts for the company while it was holding initial-public-offering "road-show" meetings with investors, according to people close to the deal.
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Spain's regional governments face debt maturities of nearly 35.8 billion euros before the end of 2012, El Pais reported in its Wednesday Internet edition, citing regions" plans submitted to the country's Budget Ministry.
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Brazilian stocks have been battered in recent months as the ongoing European-debt crisis and concerns about global economic growth have rattled markets around the world, but there are values to be found for those who can weather the storm.
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RailAmerica Inc. (RA) said Tuesday its board is considering strategic alternatives for its business, including a potential sale of the company.
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Massachusetts has subpoenaed Morgan Stanley over its handling of sensitive information on Facebook ahead of the social media website's multi-billion dollar initial public offering, media reports said Tuesday.
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Take-Two Interactive Software posted a 19% drop in revenue in its fiscal fourth quarter after the video game publisher moved the release of major title "Max Payne 3" to later this fiscal year.
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Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.
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Moody's Investors Service on Tuesday left unchanged its Ba1 credit rating on General Motors Co. , adding the car company's outlook remains positive.
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Crude-oil supplies rose 1.5 million in the week ended May 18, a trade group said late Tuesday.
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Moody’s Investors Service raised Ford's credit rating to “investment grade” and returned its coveted Blue Oval trademark.
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A group of investors led by Warburg Pincus LLC will pump as much as $1.125 billion into a deep-water oil-and-gas exploration start-up, continuing private equity's dive into the Gulf of Mexico.
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Apparel maker Guess Inc. reported late Tuesday its fiscal 2013 first-quarter profit fell to $26.6 million, or 30 cents a share, from $42.7 million, or 46 cents a share, a year earlier.
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PetSmart Inc. late Tuesday reported its first-quarter profit rose to $94.7 million, or 85 cents a share, from $70.9 million, or 61 cents a share, in the same period a year earlier.
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A possible work stoppage between Canadian Pacific Railway (CP, CP.T) and its 4,800 engineers, conductors, yardmen and rail traffic controllers, would negatively impact Canada's competitiveness on the world grain market, said an official with the Canadian Wheat Board.
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The euro zone's handling of the debt crisis has been more damaging than the crisis itself, a senior official at China's sovereign wealth fund said Tuesday.
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PetSmart late Tuesday reported first-quarter profit rose 34% to $95 million, or 85 cents a share, from $71 million, or 61 cents a share, in the same 2011 period.
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Moody's Investor Services raised its credit rating and outlook on Ford Motor Co. Tuesday, citing the car maker's strength in North America, strong liquidity, and sound financial discipline.
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Further signs of rejuvenation in the corporate market are luring major borrowers to issue jumbo-sized bond deals Tuesday.
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Chipotle Mexican Grill said federal prosecutors have joined an ongoing investigation into the popular chain eatery’s hiring practices.
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Oliver Chang, head of U.S. housing strategy at Morgan Stanley (MS), is leaving the bank and co-founding an asset management firm focused on housing, Reuters reported Tuesday.
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Natural gas futures prices settled 3.8% higher Tuesday, as forecasts for above-normal temperatures in the Eastern half of the country into early June lured bargain-hunters into the market.
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Patriot Coal Corp. (PCX) said its refinancing plans are continuing and confirmed it is working with private-equity firm Blackstone Group LP (BX) on the effort.
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The euro extended losses against the dollar late in the U.S. trading session Tuesday following comments from Greece's former prime minister that the economic impact for Greece of leaving the euro zone would be very high, according to Dow Jones Newswires.
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Chipotle said prosecutors are conducting an investigation into possible criminal securities law violations relating to its hiring practices.
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ConAgra Foods Inc. (CAG) acquired the pita-chip business of privately owned Kangaroo Brands, expanding its presence in the private-label space and continuing an acquisition spree of smaller food companies.
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Delta Air Lines Inc. (DAL) will begin taking delivery of Boeing Co. (BA) 717 aircraft as early as 2013 and has agreed to sublease all 88 of Southwest Airlines Co.'s (LUV) Boeing 717s over three years.
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A refining executive at Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said costs associated with transporting oil products to hubs in Europe, the U.S. and Asia make it less practical than using production domestically.
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Oil futures ended lower Tuesday, giving back nearly all of the gains in the previous session as investors remain concerned about global growth and have not gone back to the oil market just yet.
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Chesapeake Energy Corp. (CHK) on Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drilling in oil fields.
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Patriot Coal shares fell 29% to $2.39 in recent action, recovering from deeper losses prior to trading halts on Tuesday afternoon.
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Entrepreneurs can learn lessons from Facebook’s less-than-smooth IPO, but some experts say it’s not the problems with its offering that should have them worried, it’s what happened next.
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The usually docile shareholders of Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) are likely to make their voices heard this year on the risks of tapping oil and gas shale reservoirs.
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U.S. gasoline demand rose 1.3% from a week earlier to an average of 9.09 million barrels a day in the week ended May 18, according to a SpendingPulse report released Tuesday by MasterCard Advisors LLC, a division of MasterCard Inc. (MA).
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Gold futures ended lower Tuesday, extending losses to a second day under pressure from a stronger dollar and lack of interest from major investors.
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Royal Dutch Shell PLC (RDSA, RDSB.LN) shareholders showed their ire over high executive pay with 9% of investors rejecting the company's remuneration report at Shell's annual general meeting Tuesday.
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Wm Morrison Supermarkets PLC (MRW.LN) said today that it bought 1.55 million of its shares for cancellation at 267.537 pence per share.
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Credit Suisse (CSGN.VX, CS) on Tuesday won the latest sale of complex debt securities from the Federal Reserve Bank of New York, according to the New York Fed's website.
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The Treasury Department sold $35 billion in 2-year notes on Tuesday at a yield of 0.30%.
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GlaxoSmithKline PLC (GSK.LN) said Tuesday that it bought for treasury 1.8 million shares at 1,401 pence to 1,414 pence a share.
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When it comes to fear gauges, traders will accept no substitutes.
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WPP PLC (WPP.LN) said Tuesday that it bought 100,000 of its shares for cancellation at 785.8 pence per share.
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Chesapeake Energy Corp. (CHK) Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drilling in oil fields.
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Facebook Inc. (FB) shares fell as much as 9% Tuesday on reports that analysts for at least two underwriters on the company's initial public offering revised their financial estimates on the social network, while the banks were trying to sell the stock to investors.
