Bacardi Buying Patrón Tequila in Deal Valuing Brand at $5.1 Billion

Bacardi Ltd. is acquiring the maker of Patrón tequila in a deal that values the premium brand at $5.1 billion, one of the biggest liquor buys in years as rivals scramble to own more top-shelf spirits.

 
Big Drugmakers Pay Big Prices for Promising Biotechs

Lofty premiums Celgene and Sanofi shelled out in Monday's biotech deals show companies' need for quick revenue as generic competition poses threats.

 
Former KPMG Executives Charged With Conspiracy

Six accountants, including former partners at KPMG, were charged with conspiring to defraud securities regulators and misuse of confidential auditing information.

 
AIG Strikes $5.56 Billion Deal to Acquire a Bermuda Insurer

American International Group is acquiring Bermuda-based insurer Validus Holdings for $5.56 billion, as its new chief executive makes good on a promise to reverse nearly a decade of shrinkage stemming from its near collapse in 2008.

 
Netflix Continues Landing Customers

Netflix Inc. again posted strong subscriber growth even as it faces increased competition for viewers and programming.

 
Adobe CFO Garrett to Retire, Company Books Charge, Raises Guidance

Adobe Systems Inc. finance chief Mark Garrett is retiring from the company after spending more than a decade in that role.

 
Daniel Loeb's Third Point Calls for More Change at Nestlé

Daniel Loeb's Third Point ratcheted up the pressure on Nestlé, saying the company's portfolio needs to be further simplified.

 
News Corp's Murdoch Urges Facebook to Pay Publishers for Content

News Corp Executive Chairman Rupert Murdoch said if Facebook is serious about promoting "trusted content" and filtering fake news out of its news feed, it should pay publishers fees similar to those cable distributors pay to TV channels.

 
FirstEnergy Gets $2.5 Billion From Elliott, Bluescape Investor Group

FirstEnergy has raised $2.5 billion in a private stock offering from a group led by activist investor Elliott Management and private-equity firm Bluescape.

 
Bank of America: No Free Checking for Customers With Low Balances

Bank of America has eliminated a free checking account popular with some lower-income customers, requiring them to keep more money at the bank to avoid a monthly fee.

(END) Dow Jones Newswires

January 22, 2018 19:15 ET (00:15 GMT)

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