Stupid phone
Samsung Electronics lost $25.3 billion in market capitalization last month, more than the value of rival Sony, as sales of its flagship Galaxy S4 smartphone fell short of investor expectations.
Onyx gold
Onyx Pharmaceuticals, the maker of the cancer drug Nexavar, said it rejected an unsolicited $120-a-share cash takeover bid from Amgen Inc. and is in contact with other possible acquirers.
Jeff’s justice
Alabama’s Jefferson County filed a negotiated restructuring plan to wind up America’s largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan and other Wall Street creditors.
Nokia buy
Nokia has agreed to buy Siemens’ stake in their telecom-equipment joint venture, according to sources.
Toast maker
Buyout firms Blackstone and Lion Capital have reportedly teamed up to make a formal bid worth more than a billion pounds ($1.52 billion) for Lucozade and Ribena, the two soft drink brands put up for sale by drugmaker giant Glaxo-SmithKline.