Baxalta rejects Shire's $30bn all-stock offer
Baxalta says proposal significantly undervalues company and its prospects for growth and value creation.
Pfizer gets European approval for $16bn Hospira acquisition
Pfizer is to sell assets including Infliximab biosimilar drug to sustain competition in the European market.
China loses title as world's most liquid stock market after curbs on trading
Daily turnover on mainland exchanges averaged the equivalent of $202bn over past 30 days, $72bn lower than US.
Malaysia Airlines CEO says social media hype over missing Flight MH370 hurting ticket sales
Airline intends to restart under new legal identity and aims to cut expenses to compete with low-cost rivals.
Gary Klesch scraps plan to buy Tata Steel's Scunthorpe plant, blames government
He said UK government has failed to tackle energy costs and Chinese imports.
Oil prices recover but stay below $50 mark
Brent oil was at its lowest since January as Opec output hit a recent high in July
Nokia confirms Here Maps acquisition by German automakers at €2.8bn
Nokia selling maps unit to consortium comprising Audi, BMW and Daimler.
China's manufacturing activity plunges to lowest level in 3 years
Caixin/Markit final purchasing managers' index (PMI) declined to 47.8 in July from 49.4 in June.
European Commission seeks additional information from Halliburton over $35bn merger with Baker Hughes
Halliburton says it will work closely and cooperatively with commission to provide additional information.
Daimler, BMW and Audi consortium reaches deal to buy Nokia Here
German firms to invite Fiat, Renault, Ford and Toyota to invest in Nokia Here.
FX rigging: HSBC to announce increased provisions in interim results
HSBC expected to announce overall charge of over $1bn to cover conduct issues such as FX probes.
Trans-Pacific Partnership talks in Hawaii conclude without agreement
Concerns around automotives, data protection of biologics, dairy and sugar remain as roadblocks.
Goldman Sachs agrees $270m settlement with mortgage bond investors
Bank will pay around $270m to settle a lawsuit brought by pension funds, who invested in residential MBS underwritten by it.
Yahoo to buy social shopping site Polyvore
Polyvore is expected to accelerate Yahoo's Mavens growth strategy through its offerings in social, native and mobile.
Bitcoin exchange MtGox's boss Mark Karpeles arrested in Japan
Karpeles is suspected to have accessed MtGox's computer system and changed data to inflate the exchange's assets.
LinkedIn shares fall despite impressive quarterly results
LinkedIn reported second quarter revenues of $712m, an increase of 33% compared to same quarter in 2014.
Uber to invest $1bn to expand Indian operations
Uber looks to India and China for growth amid competition from Ola and Didi Kuaidi.
Hackers demand huge ransom from banks to avoid DDoS attacks
Hackers warn 100 companies of cyber-attacks, FBI official cited as saying.
Peta buys tiny stake in Hermès to force ban on exotic animal skin accessories
Hermès uses exotic animal skins in its iconic products such as the luxurious Birkin bags.
World Gold Council: Indian jewellery still suffers from 10-15% under-caratage
Council wants India to have rigorous hallmarking system to boost consumer trust in India-made jewellery.
Wembley Arena owner Quintain acquired for £700m by Lone Star
The US private equity fund will pay 131p per share, representing a 22% premium over Quintain's market price.
Sainsbury's sells 281-store pharmacy business to Celesio for £125m
Celesio is owner of LloydsPharmacy, Britain's second biggest retail pharmacy operator with more than 1,500 stores.
UK business leaders want government to act swiftly on Heathrow expansion
Business leaders urge government to approve Airports Commission's recommendation to expand Heathrow.
Facebook claims half of world's online population
Nearly 1.5 billion of the estimated 3 billion users of the internet access Facebook at least once a month.
GM investing $1bn in India to make country new export hub
Company also looks to double its market share in India by 2020.
India's SpiceJet in talks with Boeing and Airbus for $11b aircraft order
India's budget carrier earlier reported second straight quarter of profitability, rebounding from 2014 losses.
Honeywell to buy Elster from Melrose for £3.3bn
Germany-based Elster is present in more than 130 countries with its devices measuring flow of natural gas, electricity and water.
RBS to cut Citizens stake to below 25% after $2.2bn share sale
RBS to sell 75 million shares in US bank through a public offer.
UN moves closer to creating global bankruptcy system for indebted countries
UN Ad Hoc Committee on Sovereign Debt Restructuring adopts nine principles in this regard.
BP cuts capex outlook and warns of longer period of sluggish oil prices
Sluggish China growth and US shale boom to add to supply glut, says oil giant.
