Xiaomi's Smartphone Sales Slow in First Half
China's Xiaomi showed signs of slowing growth, as it announced
smartphone sales of 34.7 million units in the first half of the
year.
Samsung Deal Not Supported by Proxy Adviser
Glass Lewis said Samsung C&T shareholders should reject a
merger plan with the Samsung conglomerate's de facto holding
company, Cheil Industries.
GE's Divestiture Plans Hit Hurdles
The Justice Department sued to block General Electric Co's
planned $3.3 billion sale of its appliance business to Electrolux
AB, leaving the company with marquee deals in regulatory limbo on
two continents.
Amadeus Buys Into Low-Cost Carriers With Navitaire Deal
Amadeus IT Holding agreed to pay $830 million for Accenture's
Navitaire unit, giving the Spanish travel technology provider a
bigger foothold in the low-cost airline market.
Justice Department Probes Airlines for Collusion
The Justice Department is investigating whether U.S. airlines
colluded on expansion plans, amid concerns from consumer advocates
and politicians that the industry is trying to control capacity to
keep airfares high.
Hewlett-Packard Officially Files to Split
Hewlett-Packard took a big step toward its Nov. 1 breakup by
filing paperwork with the SEC that outlines the two businesses it
plans to create.
PayPal to Buy Online Money Transfer Company Xoom
PayPal has agreed to buy online money-transfer company Xoom for
$890 million in an all-cash deal, marking incoming chief Dan
Schulman's first big move ahead of his company's planned spinoff
from eBay later this month.
TransAsia Pilot Shut Down Working Engine Before Crash
The crash of a TransAsia Airways flight in Taipei earlier this
year in which 43 people died occurred after a pilot shut down the
aircraft's only working engine, Taiwan's aviation authority
said.