- The Greek government was preparing reforms to show the European Union in order to secure the four-month extension of its bailout, but came under fire at home for selling illusions to its voters. Finance Minister Yanis Varoufakis said the reform promises would be ready on Sunday and submitted to Greece's EU and IMF partners in good time.
- Apple (AAPL) said it would build two new data centers in Europe that will be entirely powered by renewable energy and will create jobs, costing the company around $1.9 billion. The centers will be situated in Denmark and Ireland and power Apple's online data services.
- Quebec-based Valeant Pharmaceuticals (VRX) said it would buy Salix Pharmaceuticals (SLXP) for around $10 billion. The deal will come at a cost for Valeant, roughly doubling its debt to $31 billion, according to Chief Executive Michael Pearson quoted by the Wall Street Journal.
- HSBC (HSBC) reported a sharp fall in profit for last year, to $13.7 billion from $16.2 billion the year before. Revenue for the year rose slightly to $62 billion from $61.9 billion in 2013, but the bank was hit by various charges for various accusation of misconduct.
- The UK government sold another 1% stake in Lloyds Bank (LYG), reducing its stake further to 23.9%, the FT reports. At the peak of the financial crisis, in 2009, the UK government owned 40% of Lloyds Bank. The bank is also set to receive regulatory approval to distribute its first dividend in more than six years.
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