Opioid addiction implant maker Braeburn Pharma pulls IPO

(Reuters) – Braeburn Pharmaceuticals Inc, the maker of the first long-acting implant to treat opioid addiction in the United States, said on Thursday that it had decided not to proceed with its…

EU set to approve ChemChina’s $43 billion bid for Syngenta: sources

BRUSSELS (Reuters) – EU antitrust regulators are set to approve ChemChina’s [CNNCC.UL] $43 billion bid for Swiss pesticides and seeds group Syngenta after the Chinese company agreed to sell some…

Teen apparel retailer Wet Seal files for bankruptcy

(Reuters) – Wet Seal LLC filed for bankruptcy protection on Thursday, following reports last week that the struggling teen apparel retailer had closed all its stores after it was unable to find a…

CBS to merge its radio business with Entercom

(Reuters) – CBS Corp will merge its radio business with Entercom Communications Corp in a tax-free deal, which the companies said would create the second-largest radio broadcaster in the United…

Allianz, Japan’s MUFG invest in EDF-owned U.S. wind park

FRANKFURT (Reuters) – Allianz and Japanese bank Mitsubishi UFJ Financial Group (MUFG) have invested in a U.S.-based wind park owned by French utility EDF , Allianz said, as the German insurer…

Italy’s Atlante says no current plan to buy Monte Paschi bad loans

MILAN (Reuters) – Italy’s privately funded banking-rescue fund, Atlante, will play no role for the time being in the sale of bad loans by ailing bank Monte dei Paschi di Siena , a top official at the…

Generali shares jump on talk Intesa bid could come soon

MILAN (Reuters) – Shares in Generali rose more than 4 percent on Thursday, with traders cited market talk a bid for the insurer from Italy’s biggest retail bank Intesa Sanpaolo was round the corner.

India may name advisers for $1.6 billion stake sale in insurers within months

MUMBAI (Reuters) – India is likely to within months name advisers for its planned listing of five state-run general insurers to raise as much as $1.6 billion this year, bankers said.