Elan Sweetens Shareholder Deal
Irish biotech company Elan said it would sweeten an incentive to shareholders to remain invested in the company but provided little in the way of detail about acquisition targets, casting further doubt over its future existence as it defends itself from a hostile takeover approach.
Warner Bros. New CEO Brings Digital Know-How
Time Warner named its home video and digital chief, Kevin Tsujihara, as the new chief executive of Warner Bros. Entertainment, handing one of Hollywood's biggest jobs to an executive best known for his work on digital distribution strategies.