Blackstone Shares Jump on Plan to Convert Partnership Units Into Stock

Blackstone Shares Jump on Plan to Convert Partnership Units Into Stock

The private-equity firm says the conversion will allow investors to buy its shares without creating the need for a Schedule K-1, an Internal Revenue Service tax form that's used to report earnings from partnerships.

Sprint, T-Mobile Shares Fall Sharply on Report DOJ Is Resisting Merger Approval

Sprint, T-Mobile Shares Fall Sharply on Report DOJ Is Resisting Merger Approval

Stocks of both companies tumble following report of a merger roadblock.

Morgan Stanley Profit Falls 9% Amid Trading Slump but Beats Estimates

Morgan Stanley Profit Falls 9% Amid Trading Slump but Beats Estimates

Morgan Stanley says first-quarter profit falls 9% from a year earlier as revenue tumbles in the New York-based investment bank's trading business. But the results still exceed the expectations of Wall Street analysts.

Occidental Wanted Anadarko Until Talks Were Cut Short by Chevron Bid

Occidental Wanted Anadarko Until Talks Were Cut Short by Chevron Bid

Ongoing talks between Occidental Petroleum and Anadarko Petroleum were reportedly cut short on Friday following Chevron's blockbuster $33 billion cash-and-stock offer.

Citigroup Profit Beats Estimates Thanks to Cut in Corporate Tax Rate

Citigroup Profit Beats Estimates Thanks to Cut in Corporate Tax Rate

Citigroup posts better-than-expected results for the first quarter as a cut in the U.S. bank's effective corporate tax rate helps to offset a fall in stock-trading revenue.

Catalent to Buy Paragon Bioservices for $1.2 Billion

Catalent to Buy Paragon Bioservices for $1.2 Billion

Drugmaker Catalent reaches an agreement to buy closely held Paragon Bioservices, the latest deal in the burgeoning gene-therapy treatment space.

Waste Management to Buy Advanced Disposal Services in $4.9 Billion Deal

Waste Management to Buy Advanced Disposal Services in $4.9 Billion Deal

Waste Management reaches a deal to buy its smaller rival Advanced Disposal Services in a deal valued at $4.9 billion, including debt.

Waste Management Reportedly Close to Buying Advanced Disposal Services for $2.9B

Waste Management Reportedly Close to Buying Advanced Disposal Services for $2.9B

Waste Management is close to buying its smaller rival Advanced Disposal Services for $2.9 billion, a report says.

Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

Citigroup, the giant U.S. bank, is expected to report first-quarter earnings roughly equivalent to those from a year earlier, even after rival JPMorgan Chase posted a 5% increase. Citigroup CEO Michael Corbat, who this week announced major changes in his senior leadership team, is expected to provide commentary on how the bank is faring amid a slowdown in global economic growth.

Chevron to Buy Anadarko for $33 Billion in Cash and Stock

Chevron to Buy Anadarko for $33 Billion in Cash and Stock

Chevron will pay $33 billion, or $65 a share, to acquire Anadarko Petroleum.