The catamarans used in the next America’s Cup will shrink about 16 percent and incorporate new safety and cost controls after last year’s regatta claimed the life of a sailor and cost about $100 million a team.
John C. Martin, the chief executive officer of Gilead Sciences Inc., has become a billionaire on the prospects of a powerful new hepatitis C drug that’s attracting scrutiny from payers and activists over its $1,000 per pill price tag.
Signet Jewelers Ltd., operator of the Kay and Jared brands, agreed to buy Zale Corp. in a deal valued at about $1.4 billion, including debt, letting the company extend its lead as the largest jewelry chain in the U.S.
Jos. A. Bank Clothiers Inc., the retailer resisting a merger with Men’s Wearhouse Inc., said it will buy the Eddie Bauer brand for cash and new shares, and buy some of its own stock at an 18 percent premium to reward shareholders.
Jos. A. Bank Clothiers Inc., which today told Men’s Wearhouse Inc. it won’t enter buyout talks, has been looking at other acquisitions including retailer Eddie Bauer, people familiar with the matter said.
California Pizza Kitchen Inc ., operator of the restaurant chain of the same name, agreed to a $470 million takeover by Golden Gate Capital Corp., more than a year after beginning a search for a suitor.