  | | | | LOS ANGELES (Reuters) - Former Microsoft Corp CEO Steve Ballmer has purchased the NBA's Los Angeles Clippers franchise for $2 billion, a record for a professional basketball team, sole trustee Shelly Sterling announced on Friday. | | |  | | | | NEW YORK (Reuters) - When Lorillard Inc bought the blu eCigs brand two years ago, the electronic cigarette had a 10 percent share of a tiny U.S. market, generating about $50 million in sales. It was available in only 12,000 retail outlets and over the Internet. | | | |  | | | | BANGALORE/FRANKFURT, May 29, (Reuters) - Germany's Deutsche Telekom AG is willing to keep a minority stake in a deal to sell T-Mobile US Inc to Japan's Softbank Corp, but other details such as price and financing remain to be worked out, according to sources familiar with the situation. | | | | | | HOUSTON (Reuters) - Swift Worldwide Resources, a firm that staffs big global energy projects with mainly engineers, expects to go public or be acquired within the next five years, the company's CEO told Reuters on Thursday. | | | |  | | | | (Reuters) - Tyson Foods Inc has offered to buy Hillshire Brands Co for $6.3 billion, upstaging Pilgrim's Pride Corp 's offer for the sausage company earlier in the week, in a deal that would broaden Tyson's supermarket food offerings. | | | |  | | | | NEW YORK (Reuters) - Citigroup Inc may finally be able to sell its OneMain Financial personal loan business later this year, CEO Mike Corbat said on Thursday. | | | |  | | | | SHANGHAI (Reuters) - Chinese regulators have given the go-ahead to Alibaba Group Holding's [IPO-ALIB.N] online payment affiliate Alipay to take control of fast-growing fund firm Tianhong Asset Management Co as the e-commerce giant bulks up its push into online finance. | | | |  | | | | LONDON (Reuters) - GlaxoSmithKline has invited private equity firms to consider making offers for a range of its older drugs sold in Western markets, according to three people with direct knowledge of the matter. | | |  | | | | LOS ANGELES (Reuters) - A group that includes billionaire media executive David Geffen, television icon Oprah Winfrey and Oracle Chief Executive Officer Larry Ellison bid more than $1.5 billion for the Los Angeles Clippers professional basketball team, according to a person familiar with the bid. | | |  | | | | | LOS ANGELES (Reuters) - After thwarting a $118 billion takeover approach from Pfizer Inc, Britain's AstraZeneca Plc will again take the spotlight this weekend when the biggest annual medical meeting for cancer doctors convenes in Chicago. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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