Apollo to Buy Minority Stake in CH2M Hill

Apollo Global Management has agreed to buy a minority stake in CH2M Hill, a deal that values the global engineering services company at roughly $2 billion.

Sunac Drops Kaisa Takeover Plan

China's Sunac said it is terminating its takeover attempt of Kaisa Group, a struggling property developer that defaulted on its loans and bond payments earlier this year.

Broadcom in $35 Billion Merger Talks

Chip maker Broadcom is in advanced talks to be bought by rival Avago Technologies in a deal worth more than $35 billion, the latest in a recent string of mergers in the semiconductor industry.

U.S. Seeks Details on Top China Official Amid Bank-Hiring Probe

The SEC is seeking information about a Chinese anticorruption official in connection with its probe of J.P. Morgan's hiring of relatives of Chinese government officials.

Corruption Allegations Reach Into Soccer's Highest Levels

Prosecutors alleged that senior officials of FIFA got more than $150 million in bribes and kickbacks as part of a sprawling scheme that functioned like a criminal enterprise.

Liquidators of Ex-Harvard QB's Funds Sue Barclays for $80 Million

The liquidators of a pair of failed Cayman Islands-based hedge funds run by a former Harvard quarterback are suing Barclays PLC to claw back some $80 million they say was illegally funneled to the bank to cover margin calls.

Wal-Mart Settles With Tracy Morgan

Wal-Mart Stores Inc. has a reached a settlement with "30 Rock" star Tracy Morgan and other plaintiffs who were injured in a June 2014 crash on the New Jersey Turnpike.

J.P. Morgan Sees Losing Some Business Due to FX Guilty Plea

J.P. Morgan Chief James Dimon said the bank's recent foreign exchange guilty plea didn't cripple the bank, but it was a scary outcome that will probably cost it some business.

Teva Reports Small Stake in Mylan

Teva Pharmaceutical, which is seeking to buy rival Mylan, disclosed a 1.35% stake in the generic-drug maker.

Popeyes Profit Rises, Full-Year Projections Up

Popeyes Louisiana Kitchen's first-quarter profit rose as the fast-food chain reported higher sales and continued market-share gains.

Lockheed Martin Open to Deals, Mum On Sikorsky

The head of Lockheed Martin declined to comment on whether the company was interested in buying all or part of helicopter supplier Sikorsky Aircraft.

Airbus Asks Chief Executive to Stay for Another Term

Airbus Group NV Chairman Denis Ranque told shareholders on Wednesday the board has asked Chief Executive Tom Enders to remain in the post for another term. His mandate was due to expire in 2016.

Union Pacific Moves to Offset Lower Cargo Volumes

Union Pacific Corp. has mothballed more locomotives and furloughed additional employees, as its transport volumes run 4% lower so far this quarter, compared with a 2% dip in the first quarter.

Google's Search for Platforms on Display

Google this week will make a renewed push for developers to work with Android for wearable devices, Internet-connected TVs, cars and virtual reality at its I/O conference.

Bids Fly as GE Unit Auction Nears an End

Several private-equity firms are vying to buy General Electric Co.'s unit that funds leveraged buyouts, in a sale process that could fetch more than $17 billion for GE and be the largest U.S. finance deal since the financial crisis.

Semtech Results Hurt by Smartphone Customer Demand

Semtech Corp. said demand from its largest smartphone customer was much lower than expected in the April quarter, and it projected results below Wall Street views for the current quarter.

Ocwen's Houston Site to End Residential-Servicing

Ocwen Financial said its Houston facility will discontinue residential-servicing operations, affecting about 140 jobs.

FBI Investigating Hysterectomy Tool

The morcellator surgical tool was found to spread uterine cancer, and the FBI is examining what the largest maker of it, Johnson & Johnson, knew about its hazards.

FDA Clears Two Irritable Bowel Syndrome Treatments

The U.S. Food and Drug Administration has cleared two treatments for irritable bowel syndrome with diarrhea, approving drugs that are both linked to recent merger activity in the sector.