CATEGORY: World News

World News

World’s second-biggest-ever IPO flops

Hong Kong (CNN Business)SoftBank's blockbuster IPO has flopped in its market debut. Shares in the Japanese company's mobile telecommunications unit plummeted 15% in Tokyo on Wednesday, their first day of trading. The stunning plunge

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World News

Pfizer, GSK enter multibillion-dollar merger

Hong Kong (CNN Business)GlaxoSmithKline and Pfizer are combining their consumer healthcare businesses in a multibillion-dollar merger.The two pharmaceutical giants — which own household names like Advil and Tums — said Wednesday that the new

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