French pharma group  Sanofi posted its best day in three years after announcing revamped margin goals a narrower drug focus. Photograph: Philippe Wojazer/Reuters

European shares fell for a second day running on Tuesday, but a 6 per cent jump in drugmaker Sanofi and a report that US and Chinese officials are pla(...)

A unit of activist hedge fund Elliott Management now holds more than $1 billion (€810 million) of shares in three key affiliates of South Korea’s Hyundai Motor Group, and said more needs to be done to reform the company

A unit of activist hedge fund Elliott Management now holds more than $1 billion (€810 million) of shares in three key affiliates of South Korea’s Hyun(...)

Shares of Botox maker Allergan jumped 15% after unorthodox takeover by Canadian company Valeant was announced. Photograph: Jonathan Alcorn/Bloomberg

The pharmaceutical industry is regaining its swagger, as companies turn to big and sometimes daring deals to expand and reshape their operation(...)

  The Steinway & Sons piano zone at the Luxury China 2013 exhibition  in June in Beijing.  Photograoh:  Feng Li/Getty Images

Grand piano maker Steinway Musical Instruments has agreed to be bought by private equity group Kohlberg & Co in a $438 million cash deal for the 1(...)