UBS AG (UBSN), Switzerland’s biggest bank, hired Ros Stephenson from Barclays Plc (BARC) to be global chairman of corporate client solutions, reporting to Andrea Orcel, the investment bank’s chief. Stephenson, based in New York, will join the executive committees of the investment bank and the Americas starting in September, according […]

U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world’s biggest pharmaceuticals company. AstraZeneca’s board said the offer “substantially undervalues” the company and was not an adequate basis on […]

Oando Energy Resources  yesterday announced that the date for the completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) (the “ConocoPhillips Acquisition”) had been extended to June 30. Pursuant to an amendment agreement executed on Wednesday, Oando Energy Resources and ConocoPhillips agreed […]