Kaman Corp. (KAMN) announced Monday that it has entered into a definitive agreement with Parker-Hannifin Corp. (PH), under which Kaman will acquire Parker’s aircraft wheel & brake division for $440 million, subject to a customary working capital adjustment and the receipt of all necessary regulatory approval. Parker is divesting Aircraft […]

Drug major Pfizer Inc. (PFE) announced Tuesday a definitive agreement to acquire Biohaven Pharmaceutical Holding Co. Ltd. (BHVN) for $148.50 per share in cash. In pre-market activity on NYSE, Biohaven shares were gaining around 71 percent to trade at $142.01. Biohaven is the maker of NURTEC ODT, an innovative dual-acting […]

California-headquartered MaxLinear, Inc. (MXL) and Taiwan-based Silicon Motion (SIMO), on Thursday announced that they have entered into a definitive agreement under which MaxLinear would acquire Silicon Motion in a cash and stock transaction that values Silicon Motion at $3.8 billion and the combined company at $8 billion. MaxLinear is a […]

Biden allowing federal drilling won’t impact gas prices for ‘over a year’: Oil expert Lipow Oil Associates President Andy Lipow says the industry actually wants five times what President Biden is offering. The Biden administration ending the moratorium on federal drilling leases will not help ease pain at the pump […]

FOX Business Flash top headlines for March 9 Here are your FOX Business Flash top headlines for March 9. President Biden should look to U.S. oil and natural gas producers to increase production rather than asking Iran and Venezuela, Sen. Steve Daines, R-Mont. told FOX Business. The Biden administration announced […]

Biden admin should ‘ramp up’ American energy production again: Rep. David Kustoff Rep. David Kustoff, R-Tenn., joins ‘Mornings with Maria’ to discuss the Biden administration’s response to America’s energy crisis. Rep. David Kustoff, R-Tenn., joined FOX Business' "Mornings with Maria" on Tuesday to discuss the Biden administration's response to America's […]

Before signing on the dotted line, know what your plan gives you. Erroneous buying of insurance policies — whether you are misled by the seller or managed it on your very own by being less than diligent —leads to hardship. You have paid for some perceived protection and find it […]

Industry seeks 25-30 rakes a day With coal stocks running ‘critically low’, the aluminium industry has sought urgent government intervention to address the precarious situation and earmark at least 25-30 coal rakes per day for sustainable industry operations. In a letter dated January 28 to Coal Secretary Anil Kumar Jain, […]

Tarun Bajaj refers to the Budget’s extension of 15% rate till March 2024 The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15% has been extended till March 2024, Revenue Secretary Tarun Bajaj said on Friday. Stating […]

UBS Group AG (UBS) on Wednesday said it has agreed to buy Wealthfront, an automated wealth management provider, in an all-cash transaction valued at $1.4 billion. UBS said this deal will accelerate its growth ambitions in the US, broaden the firm’s reach among affluent investors and expand its distribution and […]