EU, CHINA COMPLETE DEAL ON TELECOMS EQUIPMENT

The E.U. and China completed a deal that will end the threat of punitive import tariffs on Chinese telecommunications equipment makers Huawei Technologies Co. and ZTE Corp., people familiar with the agreement said.

NEW LIBOR ADMINISTRATION PLAN DETAILED

Ice Benchmark Administration proposed a package of new measures to make the London interbank offered rate more accurate and less susceptible to manipulation.

GLOBALFOUNDRIES TO TAKE OVER IBM CHIP UNIT

Globalfoundries has agreed to buy the semiconductor business of International Business Machines for $1.5 billion. In signing the deal, IBM is effectively acknowledging that chip making costs are becoming too burdensome.

SEARS TO LEASE SEVEN LOCATIONS TO PRIMARK

European fashion retailer Primark, owned by Associated British Foods, will lease about 520,000 gross square feet of retail space over the next 12 to 18 months in mall-based Sears locations in the Northeastern U.S., Sears said.

NUTRECO AGREES TO SHV'S TAKEOVER OFFER

Animal nutrition and fish feed company Nutreco said it agreed to a $3.43 billion takeover offer from Dutch conglomerate SHV.

PHILIPS SWINGS TO LOSS

Royal Philips said Monday it swung to a net loss for the third quarter because of a production suspension at one of its health-care plants and a $467 million legal provision.

CONSORTIUM SEEKS TO BUY REEBOK FROM ADIDAS

A consortium of investors from Hong Kong and Abu Dhabi is launching a bid to buy Reebok from Adidas, in a move that, if successful, would unwind an eight-year-old marriage of sneaker makers that has shown disappointing results.

RUSSIA, UKRAINE EDGE CLOSER TO NATURAL-GAS DEAL

Russia and Ukraine have agreed a price for winter gas supplies, officials from both countries said, moving closer to a deal that would ease concerns that the countries' dispute could disrupt supplies to Europe.

OIL FUTURES HOLDING UP

Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold.

METRO FOURTH-QUARTER SALES DOWN 2.6%

Metro reported a 2.6% decline in fourth-quarter sales as a strong euro and asset disposals derailed growth. Still, the German retailer said it would meet targets for the year.

SAP NET PROFIT RISES 15%, CUTS OUTLOOK

Enterprise software provider SAP lowered its earnings outlook for this year Monday, even as it reported a 15% increase in third-quarter net profit, boosted by growth in subscriptions for its cloud-based software products.

ELECTROLUX PROFIT RISES AFTER RECOVERY IN EUROPE

Electrolux said profit jumped 42% in the latest quarter, boosted by strong operational recovery in Europe despite a continued tough market situation.

LUFTHANSA PILOTS TO EXPAND STRIKE

German union Vereinigung Cockpit said Monday it has called Deutsche Lufthansa pilots to expand their strike to some long-haul flights on Tuesday.

SYNGENTA FACES MORE SUITS OVER ITS SEEDS

Syngenta faces escalating legal battles over its sale of genetically engineered corn seeds that some farmers and agricultural companies say have roiled international grain markets this year.

AUSTRALIA LOOKS TO RAISE UP TO $4.82B IN MEDIBANK IPO

Australia's government could reap as much as $4.82 billion from the sale of the country's largest health insurer.