Marlboro cigarette maker Philip Morris International Inc. ( PM ) is reportedly exploring a potential sale of its U.S. cigar business. The company added the U.S. cigar business via its massive $16 billion acquisition deal with Swedish Match AB. The move accelerates Philip Morris' ( PM ) transition toward smoke-free products. Benzinga has contacted Philip Morris ( PM ) for...

On Monday, Boston Scientific Corporation ( BSX ) agreed to acquire SoniVie Ltd., a privately held medical device company that has developed the TIVUS Intravascular Ultrasound System. Boston Scientific ( BSX ) currently holds an equity stake of approximately 10%. Therefore, the transaction consists of an upfront payment of approximately $360 million for the 90% and up to $180 million upon achievement of a regulatory...

NEW YORK (Reuters) -Carlyle Group ( CG ) expects to take more of its portfolio companies public this year and will not shy away from large leveraged buyouts, betting on a rebound in U.S. dealmaking this year, its heads of private equity told Reuters. The Washington-based firm is expecting to sell $4 billion to $5 billion in assets this year...

(This Feb. 28 story has been corrected to change the attribution to Cushing, not Paddy McCully, in paragraph 10) (Reuters) - Wells Fargo ( WFC ) is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities. The goals had relied on many factors outside our control such as public...