Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business.
Google said authorities in China have approved its acquisition of Motorola Mobility. This brings the Internet search giant closer to completing its biggest deal ever.
Internet company Yahoo Inc. has agreed to buy online advertising network Interclick Inc. for $270 million in cash.
Ongoing cuts at AC Transit have officials considering whether some parts of its bus operation could be turned over to Bay Area Rapid Transit.
Seagate is buying the hard disk drive business of Samsung in a $1.38 billion deal that gives the South Korean electronics manufacturer a nearly 10 percent stake in Seagate.
Emeryville-based Peet’s Coffee reportedly has held talks with Starbucks about a potential sale to the large coffee shop chain.
Taking a page of the corporate world, non-profits are using mergers to help more people.
AOL Inc. has hired financial advisers to look into strategic options that could include a combination with Yahoo Inc., according to a newspaper report.
Investors were running up the price of Yahoo shares Thursday after a report saying AOL and a group of private equity firms may bid for the Web company.