Mergers and Acquisitions

Tribune Media sold a 60-acre parcel of land where the printing facility for the Baltimore Sun is located for $46.5 million.

Legislators in the U.S. Virgin Islands have rejected a proposal to sell the former Hovensa oil refinery in St. Croix.

Thai Union Frozen Products is acquiring Bumble Bee Seafoods, a major seller of canned tuna in the United States, for $1.5 billion.

A union representing some workers at the 84-year-old Verso Paper mill has filed a federal lawsuit to halt the sale of the facility.

This year's flurry of corporate mergers may not pay off for shareholders in the long run, but one thing is for sure: The bosses who are selling their companies will do just fine.

Actavis is paying $66 billion to buy fellow drugmaker Allergan in a deal that could finally end a months-long takeover battle waged by Valeant Pharmaceuticals for the Botox maker.

The U.S. Virgin Islands' governor says the owners of the former Hovensa oil refinery in St. Croix have found a buyer.

Freeport-McMoRan Inc. is selling 80 percent of its stake in a copper and gold mine in Chile for at least $1.8 billion.

Chevron Phillips Chemical is selling its high-performance engineering polymer business for $220 million.

An Australian mining company has offered to purchase a controlling share of Tintina Resources Inc., the company that proposes a copper mine in central Montana.

A Cedar Rapids-based company that provides fundraising and enrollment management services to colleges and universities announced Thursday the acquisition of a company that specializes in higher education consulting and research.

Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion.

Maggots in food, staffing shortages and reports of running out of foods are among new complaints facing the vendor that won the contract to feed Ohio inmates.

Apple's online music subscription service is losing a key player as millions of listeners near the end of a free three-month trial period that has drawn mixed reviews.

Sony will spin off its video-and-sound business into a separate company and shrink its headquarters as part of a three-year turnaround plan.

Leading China taxi apps Didi Dache and Kuaidi Dache plan to merge, creating a new challenge for Uber Technologies Ltd.'s global expansion.

China's half billion online shoppers will soon have an easier way to shop in the U.S.

Shares of Citrix Systems jumped 9 percent Wednesday after the cloud computing company, under pressure from a major shareholder, shook up its top leadership and said it was weighing the sale of all or portions of the company.

SuperValu says it is considering spinning off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies.

The Financial Times reports that its parent company, Pearson PLC, is in talks to sell its 50 percent stake in the Economist magazine.