The backdrop is that many UK employers, having largely closed their historic defined-benefit pension schemes, are sitting on over 1 trillion pounds of retirement obligations and corresponding ...

The vaccine developer once valued at $175 bln is now worth just $4 bln, excluding cash. It also has two dozen therapies in the works. Although rapid spending is a takeover deterrent, its $200 bln ...

The Indian conglomerate's truck unit will buy the Italian group's faster growing vehicle business for $4.3 bln. It gains access to Europe without stretching its balance sheet, and returns look ...

Tokyo wants companies to embrace dealmaking to boost the low-growth economy. In this Viewsroom podcast, Breakingviews columnists explain why the $33 bln buyout of Toyota Industries and failed $46 bln ...

First, he can demonstrate progress on the beleaguered group’s turnaround. Broad cost-cutting measures saved some $200 million in the quarter, helping him beat his original estimate of a $1.3 billion ...

Italy’s defence firm is growing its armoured vehicle business by buying truck maker Iveco’s military unit. The lowball $2 bln price tag may reflect its status as Rome’s favoured bidder. The deal also ...

S&P 500 futures fell just 1% after the president slapped tariffs on Canada, Switzerland and others. The calm reflects a solid growth and hopes that levies will fall. Yet the duties are close now. And ...

In one sense, it’s a coup that Robey persuaded Weinberg and Evercore founder Roger Altman to pay anything for the business, since the deal essentially equates to hiring a handful of well-connected ...

The card payment titans have long shrugged off political pressure or potential rivals, the $95 bln in fees they collect and share cementing a cozy duopoly. Yet swipes are becoming less lucrative, as ...

The cybersecurity operator has a history of canny acquisitions, but its pounce on CyberArk – by far its largest – wiped $16 bln off its shares. With a potential return on investment of as little as 1% ...

LONDON, Aug 1 (Reuters Breakingviews) - The age-appropriate internet has arrived, and Big Tech’s ad revenues may be among the victims. New British legislation has sent young social media users and ...

The Facebook owner and Redmond giant are spending billions to dominate machine learning. Their ultimate goals diverge. Microsoft’s strength is selling to enterprises; Meta CEO Mark Zuckerberg touts a ...