Business News / Business

AbbVie scraps Shire deal, increases dividend

CHICAGO -- AbbVie said late Monday that it was officially scrapping its $55 billion merger with Dublin, Ireland-based rival Shire, and that it will increase its quarterly dividend and buy back up to $5 billion in stock over the next several years....

GM ignition compensation approved for 29 deaths

The leader of the GM Ignition Compensation Fund has approved settlements for surviving families in 29 fatal accidents involving defective ignition switches.

As of Friday, Kenneth Feinberg, who is directing the assessment of all claims, had ...