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.