Citi to Announce Sale of Japanese Unit 

Citigroup is set to announce the sale of its long-standing retail business in Japan to Sumitomo Mitsui Banking Corp. as it forges ahead with efforts to cut back on its less profitable consumer businesses around the world.

 
South Korea Indicts Uber CEO, Korean Partners 

South Korean prosecutors have indicted Uber Technologies Chief Executive Officer Travis Kalanick and his Korean partners for violating a public-transport law.

 
Terra Peregrin Withdraws Offer for Portugal Telecom 

A firm controlled by Africa's wealthiest woman withdrew a $1.5 billion takeover offer for Portugal Telecom, after Portugal's markets regulator ruled the bid was too low under existing rules.

 
Lukoil Sells Stake in Venezuela Project to Rosneft 

Russia's largest privately owned oil company Lukoil said it sold its share in a Venezuelan project to state-controlled oil giant Rosneft.

 
Smartphone With Firefox OS to Debut in Japan 

Japanese mobile carrier KDDI said it would start selling the first smartphones in Japan that run on the open-source Firefox operating system beginning on Thursday.

 
UPS, FedEx Cap Holiday Deliveries Amid Late Surge 

United Parcel Service and FedEx are said to have started capping air express deliveries in recent days after an 11th-hour increase in packages caused some retailers to exceed agreed-upon limits.

 
Walgreen Tops Expectations on Pharmacy Strength 

Walgreen said strong pharmacy sales and cost cuts helped drive a 16% rise in profit in its latest quarter. The upbeat results come less than a week before a shareholder vote on Walgreen's deal to buy the rest of European drugstore chain Alliance Boots.

 
DirecTV, Disney in Distribution Pact 

DirecTV and Walt Disney have reached a multiyear distribution agreement that expands content available on smartphones and tablets in an era in which consumers increasingly are watching media on different devices.

 
Greentown China Shareholders to Sell Stake to CCCG 

Greentown China Holdings, a leading Chinese property developer, said Wednesday that three of its major shareholders will sell a combined 24.3% stake valued at about $773.4 million to a state-owned Chinese company.

 
Family Dollar Holders Delay Vote on Dollar Tree Offer 

Shareholders of Family Dollar Stores delayed making a decision on whether to accept an $8.5 billion buyout offer from discounter Dollar Tree, giving more time for rival Dollar General to persuade Family Dollar to accept a higher bid.

 
India's Aditya Birla to Buy Cement Plants 

India's Aditya Birla Group said that it has agreed to buy two cement plants from a rival in a deal valued at $852 million, as the conglomerate seeks to tap into an expected increase in cement demand to build roads, apartments and offices.

 
Sears Holdings Executive Vice President to Resign 

Sears Holdings said that Imran Jooma, one of its senior executives with wide ranging oversight of the company's business, resigned.