Novartis AG agreed to buy a 25 percent stake in Nestle SA's Alcon Inc for $11 billion and said it may acquire the rest to become the world's biggest maker of eye-care products.
E.ON AG, Germany's biggest utility, is planning to build a 700 million-pound wind farm off the coast of Yorkshire in northeast England. The planning application for the project was submitted yesterday.
Lachlan Murdoch, eldest son of News Corp Chairman Rupert Murdoch, scrapped plans to buy Consolidated Media Holdings Ltd for A$3.2 billion ($2.9 billion).
AOL's move to New York this month may signal the last chance for Time Warner Inc's Internet division to convince investors it has a future in advertising.
Schering-Plough Corp said it will cut 10 percent of its jobs and shut plants to save $1.5 billion annually, two days after a panel of doctors said its cholesterol pill Vytorin shouldn't be used as an initial treatment.
General Motors Corp plans to have 1,000 hydrogen fuel cell vehicles in California between 2012 to 2014 to comply with the state's goal to put thousands of cleaner cars on its roads.
Toyota Motor Corp denied that it had received any funding from the Japanese government to develop its hit Prius gas-electric hybrid car.
Google Inc, seeking to show investors it can wring a profit from Internet videos, first has to show Hewlett-Packard Co its YouTube website can help sell printer ink.
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