BBC Business Headlines

AbbVie and Shire terminate merger
US firm AbbVie announces it has abandoned its talks with UK drugmaker Shire after a new US rule discouraging mergers that would lower a US firm's tax rate.


Apple's iphone sales boost earnings
Apple reports third-quarter earnings of $8.47bn (£5.24bn), beating analysts' expectations, helped by sales of its new iPhone models.


IBM pays $1.5bn to offload chip unit
IBM is paying $1.5bn to offload its loss-making chip manufacturing division to Abu Dhabi owned GlobalFoundries as it announces a 17% profits fall.


Lufthansa pilots' strike expanded
A Lufthansa pilots' strike hitting both short and long-haul services has affected the plans of 200,000 travellers.


Adidas shares up on Reebok reports
Shares in sportswear giant Adidas jump 6% after a report says that a group of investors is considering a bid for the company's Reebok brand.



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Paul Krugman

Amazon’s Monopsony Is Not O.K.
It comes down to this: Amazon has too much power, and it is abusing it. read more...





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