FTC extends deadline for Staples, Office Depot review FRAMINGHAM, Mass.- The Federal Trade Commission is pushing back the review deadline for the tie-up between Staples and Office Depot. Staples Inc. is trying to buy one-time rival Office Depot for $6.3 billion. While regulators swiftly approved Office Depot's buyout of OfficeMax just a year ago, a tie-up between Staples and Office Depot would whittle down the...
Source: The Associated Press
"Stars aligned" for AB InBev's megabrew merger plan *SABMiller says approach is opportunistic, based on share decline. BRUSSELS, Oct 12- Anheuser-Busch InBev's CEO says a study of SABMiller's African beer markets and talks with top shareholders led to an "alignment of stars" that drew it to its nearest rival. But observers say the real catalysts for the $100 billion takeover proposal made public on Oct. 7 are a steep...
| By: Philip Blenkinsop
REFILE-UPDATE 1-Japan-backed fund considering investing in Sharp-source TOKYO, Oct 10- A Japanese government-backed fund is considering a range of options to help turn around Sharp Corp including a direct investment, a person familiar with the matter said. The source, who did not want to be named because the matter was private, said INCJ was also looking at a possible joint-investment in Sharp with Taiwan's Hon Hai Precision Industry...
| By: Reiji Murai
EXCLUSIVE-LME makes informal approach to buy London's Baltic Exchange - sources LONDON, Oct 9- The London Metal Exchange has made an informal approach to the Baltic Exchange, the hub of the global shipping market, to acquire the entire business, two sources familiar with the matter told Reuters. The LME- previously owned by its members- was itself bought by Hong Kong Exchanges and Clearing in 2012 for $2.2 billion. In the Baltic's last annual...
| By: Jonathan Saul and Pratima Desai
UPDATE 1-Apple Pay to expand to Starbucks, Chili's, KFC HALF MOON BAY, Calif, Oct 8- Starbucks Corp coffee shops will begin accepting Apple Inc's mobile payment system in a pilot program starting this year, Apple Vice President Jennifer Bailey said on Thursday. KFC and Chili's restaurants also will begin accepting Apple Pay in 2016, she said at the Re/code technology conference in Half Moon Bay, California.
| By: Julia Love
PC giant Dell in talks to buy EMC Dell, the world's third-largest maker of personal computers, is in talks to buy cloud computing company EMC.
| By: Jacob Pramuk
Jury seated, openings conclude in ex-Massey CEO's trial CHARLESTON, W.Va.- Prosecutors painted former Massey Energy CEO Don Blankenship as a profit-hungry executive who prioritized making money over keeping his mines safe Wednesday, while Blankenship's attorney said the executive did not think breaking regulations was a smarter business plan than fixing health hazards, despite his reputation as a tough boss...
Source: The Associated Press
| By: Associated Press