Yahoo salvages Verizon deal with $350 million discount

Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.

The revised agreement, announced Tuesday, eases investor worries that Verizon Communications Inc. would demand a discount of at least $1 billion or cancel the deal entirely.

The hacking bombshells, disclosed after the two companies agreed on a sale, represent the two biggest security breaches in internet history.

Kraft still hungry for Unilever after rejected offer

Kraft Heinz is attempting to buy Unilever in a $143 billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayo, teas and seasonings in a global powerhouse.

Unilever rejected the approach and called the price too low, while Kraft Heinz says it's still interested in a deal. The shares of both companies surged to new highs as investors saw prospects for cost cutting.

UN chief urges Cyprus leaders to seize peace deal chance

The United Nations chief on Monday urged the rival leaders of ethnically divided Cyprus to seize the opportunity for a reunification deal that he said is within their grasp.

U.N. Secretary-General Ban Ki-moon said the two leaders are at a "critical juncture" in talks now taking place in Mont Pelerin, Switzerland, and encouraged them to make the most of the moment.