Banks Get More Time to Sell Private-Equity, Hedge Fund
Stakes
Regulators handed Wall Street banks a temporary reprieve they
have been clamoring for from a rule that forces them to pull out of
certain risky investments.
Atos to Buy Xerox's IT Outsourcing Unit
Computer-services company Atos will buy Xerox's information
technology outsourcing business for $1.05 billion in cash, a deal
that would bolster the French company's position in the U.S.
Samsung Says 'Cya' to Messaging App ChatON
Samsung Electronics said that it would discontinue in most
countries a mobile-messaging chat service that it had heavily
promoted, the latest sign of the technology giant's struggles to
gain traction.
Thomas Kwok Found Guilty of Corruption
A jury here found Thomas Kwok, the co-chairman of one of Hong
Kong's biggest property developers, guilty in a corruption trial
involving the city's former No. 2 official, but found his brother,
Raymond, not guilty of all charges.
China's Fosun Buys Second Tower in Japan
Chinese conglomerate Fosun International has bought its second
office building in Japan, its latest cross-border property purchase
as firm looks to broaden its global reach.
Riken Fails to Reproduce Results of Stem-Cell Research
Japan's Riken research institute said Friday that efforts to
reproduce results of what was once billed as a groundbreaking
method of creating stem cells have failed, likely bringing to a
close a scandal that rocked the scientific community.
BYD Says Berkshire Hathaway Has No Intention to Cut Stake
Chinese electric-car maker BYD, which is backed by investor
Warren Buffett, Friday said Mr. Buffett's Berkshire Hathaway has no
present intention to cut its stake in the company.
Thai Union Frozen Products to Buy Bumble Bee Seafoods
Thai Union Frozen Products, whose brands include Chicken of the
Sea, has agreed to purchase Bumble Bee Seafoods from private-equity
firm Lion Capital for $1.51 billion.
Shengjing Bank Raises $1.34 Billion via IPO
Shengjing Bank, a commercial bank in northeast China, has raised
$1.34 billion after pricing its Hong Kong initial public offering
near the bottom of its indicative price range, according to a
person familiar with the situation.
Nike Sees Jump in Sales, Growth Concerns
Nike reported strong sales growth, but a dip in future orders
coupled with underwhelming margin expansion tempered the outlook
for the world's biggest sportswear maker.
MetLife Considers Challenging 'Systemically Important' Label
The nation's biggest life insurer by assets is weighing a legal
showdown with the U.S. after a panel of regulators concluded it
poses significant risks to the financial system and warrants
tougher oversight.
American Apparel Approached For Likely Takeover
American Apparel has been approached by Irving Place Capital
about a possible takeover, according to people familiar with the
matter. Irving Place sent an expression of interest to the board in
the last few weeks, they said.
Deezer Names New CEO Before Full U.S. Launch
Deezer, the French music streaming service, has appointed a new
boss as it prepares for a full-scale launch in the already crowded
U.S. market.
RBC to Pay $35 Million Fine for Illegal Futures Trading
Royal Bank of Canada will pay a $35 million penalty for engaging
in illegal futures trading with itself over a three-year period in
one of the biggest such cases brought by regulators.