The cereal company also pays $450 million (about 15 times EBITDA) for a 50% stake in Multipro, a Nigeria-based food sales and distribution company.
IRS declares its dislike for spinoffs that are largely investment vehicles, suggesting Yahoo's Alibaba transaction would not gain tax-free status.
General Electric is moving 500 U.S. jobs overseas, mostly to Europe, because Congress failed to reauthorize the Ex-Im Bank.
Office is now more of platform than a product as Microsoft adapts it to work across desktops and devices.
IDC survey predicts smart wearables, including watches, will surpass the basic wearable category in 2018.
The software provider is sold to Vista Equity Partners after announcing last month it was exploring strategic alternatives.
The company blames a "difference in interpretation of a tax rule" for the underpayment of taxes in China.
A New York judge dismisses a suit in which four credit unions challenged city rules allowing Uber to pick up passengers.
An International Energy Agency forecast is the gloomiest for U.S. oil production since crude prices crashed last month.
The banker allegedly helped Chinese companies arrange reverse mergers and then got them listed on Nasdaq by inflating shareholder numbers.