Veteran U.K. music industry entrepreneur Chris Wright bought back a unit of Chrysalis Group Plc only weeks after selling the group he founded to a company owned by KKR & Co LP for 107 million pounds ($173 million), the Daily Telegraph reported, citing people familiar with the deal.
An icy rain is pelting about 30 protesters who’ve converged at the gate of a natural gas drilling site near Manchester, England. On the other side of a fence topped with razor wire, a 10-story-high rig is boring into shale to determine if it’s suitable for hydraulic fracturing, or fracking. The demonstrators unfurl a banner: “Fracking will poison our children.”
Vertex Pharmaceuticals Inc., maker of the first medicine to target the underlying cause of cystic fibrosis, gained the most ever after a combination of that drug and a second therapy improved patients’ breathing ability.
Chrysalis Group Plc , the music company with rights to songs by Tom Jones , Engelbert Humperdinck and Blondie, agreed to be bought by BMG Rights Management GmbH in a cash deal after years of approaches and talks to sell.