CUPERTINO - Apple is striking a new chord with a $3 billion acquisition of headphone and streaming music company Beats Electronics. Wednesday's announcement confirms earlier reports of an imminent deal. It's by far the most expensive acquisition in Apple's 38-year history, a price that the company is paying to counter... more »
BATON ROUGE- Crews began removing signs from the former Shaw compound on Essen Lane Wednesday, after a multi-billion dollar deal to purchase the business was closed.
CB&I completed its acquisition after signing documents at the Secretary of State's Office earlier in the day. The move means the Capital City... more »
BATON ROUGE - CB&I completed its acquisition of The Shaw Group Inc. Wednesday, a move that means Baton Rouge will no longer be headquarters for a Fortune 500 company. CB&I and Shaw shareholders overwhelmingly approved the $3 billion deal in December. CB&I will operate Shaw as a separate business unit... more »
NEW YORK - Stocks are rising strongly after a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated.
Mattel and J.M. Smucker were among companies that rose after announcing acquisitions. Caterpillar jumped 5.5 percent after it raised its profit forecast for the year.... more »