Novartis Heart-Failure Treatment to Get Speedy EU Review

Novartis says an important new drug for treating heart failure has been granted an accelerated review by European authorities, improving its chances of approval in Europe next year.

Rio Tinto Committed to Higher Investor Returns in 2015

Rio Tinto, the world's No. 2 iron-ore miner, said it was committed to giving significantly more money back to shareholders in 2015 despite a sharp slide in iron-ore prices, reiterating plans for heftier returns to investors after years of heavy spending.

BAIC Motor Tests Investor Appetite for IPO

BAIC Motor Corp, a Chinese car maker partly owned by Daimler AG, is planning to start gauging investor interest next week in an initial public offering that could raise between US$1.2 billion and US$1.5 billion in Hong Kong, a person familiar with the situation said Friday.

E.On to Sell Spanish Assets

German power utility E.ON SE has agreed to sell its Spanish assets to Australia's Macquarie Group and Kuwait's sovereign-wealth fund in a deal worth EUR2.5 billion ($3.1 billion), according to people familiar with the matter.