Mergers and Acquisitions

The chairman of the Federal Communications Commission, an independent agency, says a White House official called to talk about a proposed merger between Sinclair Broadcast Group Inc. and Tribune Media Co. Ajit Pai told a Senate panel Thursday that Don McGahn, the White House counsel, called for a "status update" on the agency's action on the deal.

Recreational marijuana is legal in nine U.S. states, as well as Washington D.C.

Consumer electronics retailer Best Buy is pushing more into the health field, acquiring a company that provides emergency response devices for the aging.

Texas-based Diamondback Energy Inc. is acquiring one of Alabama's largest publicly held companies, the Birmingham-based Energen Corp., in a stock deal worth more than $9 billion.

The fund is also offering to buy the company's home services division Ship.

Through the transaction, Coca-Cola will become the second-largest shareholder behind Repole.

China appealed to Washington on Tuesday not to misuse security concerns to hamper business activity after President Donald Trump signed a law that expands the jurisdiction of an investment review panel.

Last week, he urged shareholders to vote against it.

The company is turning its attention to more profitable brands like The North Face.

Drugstore chain Rite Aid and grocer Albertsons say they have called off their merger deal.

Tribune is withdrawing from its $3.9 billion buyout by Sinclair and it's filing a lawsuit against it, citing breach of contract.

Files breach of contract suit

Rite Aid shareholders felt the deal undervalued the company.

Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal.

Carl Icahn is warning fellow Cigna shareholders that acquiring Express Scripts would be a huge mistake involving a high price tag.