Teva Pharmaceutical Industries Ltd. agreed to pay Israel 2 billion shekels ($565 million) in taxes, joining fertilizer maker Israel Chemicals Ltd. in releasing profits accumulated since 2005 under a law designed to encourage investments.
A new investment-grade bond exchange- traded fund from ProShare Advisors LLC is embedding interest- rate protection to accommodate investors who expect rates to rise as the Federal Reserve curbs its unprecedented stimulus.
Business Wire, the unit of Warren Buffett’s Berkshire Hathaway Inc. that distributes press releases, rehired Serena Ehrlich to bolster social-media offerings as more clients turn to alternative outlets.
Mohegan Tribal Gaming Authority, operator of casinos in Connecticut and Pennsylvania, increased the amount of loans it’s seeking for debt repayment to $955 million from $715 million, according to a person familiar with the transaction.
ARG IH Corp., a franchiser and operator of quick-service restaurants, set the rate on a $335 million term loan it’s seeking for Arby’s Restaurant Group Inc. to fund a shareholder dividend, according to a person with knowledge of the transaction.
MedAssets Inc., the provider of supply-chain and cost-management services to health-care companies, is marketing debt as high-yield issuance is forecast to climb by almost triple the rate of investment-grade bonds in the second half of this year.