Mergers and Acquisitions

Verizon closes Yahoo deal, Mayer steps down

Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.

Etihad, TUI end talks on vacation airline joint venture

Abu Dhabi-based Etihad and tour operator TUI Group have terminated negotiations on setting up a vacation airline joint venture that would have combined the latter's TUIfly with a subsidiary of Germany's struggling Air Berlin.