GE Sells European Private-Equity Finance Unit to Japan's SMBC 

General Electric said it has agreed to sell its European private-equity finance business to Japan's Sumitomo Mitsui Banking Corp. for about $2.2 billion.

 
Trian Urges Buildup, Not Breakup 

Trian has built a stake of 7.24% in Pentair, a maker of pumps and valves, and is asking the company to consider buying up rivals.

 
Blackstone to Sell Security Services Unit for $1.67 Billion 

Blackstone Group L.P. agreed to sell its U.S. security services business, AlliedBarton, to French investment firm Wendel for about $1.67 billion.

 
Chinese Firms Discover Margin Lending's Downside 

Some of the biggest losers of China's market selloff are companies with a relatively small portion of their shares trading in the market-many those bought using borrowed money.

 
Risk Adviser, Consulting Firm in Deal to Form $18 Billion Company 

Insurance broker and risk advisory firm Willis Group and professional services group Towers Watson have agreed to an all-stock merger that values the combined company at $18 billion.

 
Sony Plans $3.6 Billion Offering 

Sony said it would issue new shares for the first time since 1989, part of a $3.6 billion capital-raising plan that highlighted the potential of its fast-growing sensor business but left some investors nervous.

 
Cenovus to Sell Royalty Business 

Cenovus Energy agreed to sell its oil-and-gas royalty business to Ontario Teachers' Pension Plan for about $2.7 billion.

 
Emerson Electric to Spin Off Network Power 

Emerson Electric Co. on Tuesday said it would spin off its network power business and consider other transactions, a year after the company launched a strategic review.

 
Airbus Beats Boeing in Contract for South Korean Refuel Tankers 

South Korea plans to buy four Airbus jets to fuel military aircraft, dealing a blow to Boeing.

 
Japan's SMBC Nears Deal for GE Europe Private-Equity Finance Unit 

Japan's Sumitomo Mitsui Banking is nearing a deal to buy General Electric's European private-equity finance business, according to people familiar with the matter.

 
Samsung's Cheil Industries Promises Better Dividends if Merger Approved 

Cheil Industries, Samsung's de facto holding company, said it would boost dividends and establish a corporate governance committee -- but only if a merger with Samsung's construction and trading company is approved.

 
3G Accelerates Shake-Up Ahead of Kraft-Heinz Merger 

H.J. Heinz Co.'s private-equity owner accelerated its shake-up of Kraft Foods Group Inc.'s management ranks, ahead of a shareholder vote on approving their combination.

 
Celgene, Juno in 10-Year Collaboration 

Celgene agreed to pay Juno Therapeutics $1 billion as an initial investment in a 10-year collaboration that is one of the most ambitious partnerships attempting to harness the immune system to fight cancer.