Valeant Said to Be Close to Buying Warburg’s Bausch & Lomb for $9 Billion Valeant Pharmaceuticals International Inc., Canada’s largest drugmaker, is close to acquiring Bausch & Lomb Holdings Inc., the eye-care company owned by Warburg Pincus LLC, for about $9 billion, said a person with knowledge of the negotiations.

P&G Looks for Steve Jobs-Like Sequel by Recalling Popular Ex-Chief Lafley Procter & Gamble Co.’s move this week to hire back A.G. Lafley as its chief executive officer recalls the successful returns of former leaders from Steve Jobs to Starbucks Corp.’s Howard Schultz.

Yen Climbs Amid Speculation Fed to Reduce Stimulus; Aussie Dollar Declines The yen rallied the most in a year against the dollar as speculation the U.S. Federal Reserve will reduce stimulus that has boosted global markets spurred declines in riskier assets that may have risen too far, too fast.

KKR, Silver Lake Vie for Hulu With Yahoo as Sale of Video Service Heats Up KKR & Co. and Silver Lake Management LLC are vying with Yahoo! Inc. to acquire Hulu LLC, escalating a bidding war that has attracted cable and satellite TV, private equity, a talent agency and media mogul Peter Chernin.

Warburg Would Reap Threefold Return in Sale of Bausch & Lomb at $9 Billion Warburg Pincus LLC would reap more than a threefold return on its $1.7 billion equity investment in Bausch & Lomb Inc. if talks to sell the eye-care company for $9 billion bear fruit, a person with knowledge of the matter said.

Fox Reality Chief Darnell Exits After ‘American Idol’ Loses Ratings Crown News Corp.’s Fox broadcast unit said its reality-TV chief Mike Darnell has decided to step down after 18 years at the network as audience ratings decline for “American Idol,” its most-watched program.

Xi Vows China Won’t Sacrifice Environment in Pursuit of Economic Expansion China’s President Xi Jinping said the country won’t sacrifice the environment to ensure temporary economic growth, amid rising public discontent that industrial expansion is creating pollution and threatening food safety.

European Stocks Post Weekly Drop as Investors Weigh Fed Stimulus Signals European stocks posted their first weekly loss in more than a month as investors debated when the Federal Reserve will scale back momentary stimulus and Chinese manufacturing unexpectedly shrank.

Siga Ruled Liable for Breaking Smallpox Medicine Contract With PharmAthene Siga Technologies Inc. is liable for breaking its contractual obligations to negotiate in good faith a licensing agreement for a smallpox medicine with PharmAthene Inc., the Delaware Supreme Court ruled.

Five Things You Should Know About Steven Cohen’s SAC Insider-Trading Case Steven A. Cohen, the founder of SAC Capital Advisors LP, has been subpoenaed to testify before a grand jury in New York as part of the U.S. government’s five- year crackdown on insider trading.

Kuroda, Kerry, U.S. Home Price Data, French Open: Week Ahead May 25-June 1 Bank of Japan Governor Haruhiko Kuroda is among speakers from the central bank in the coming week after the announcement of unprecedented bond-buying sent the Topix Index tumbling in its biggest drop since March 2011.