Singapore's Temasek Shrugs Off China Volatility

Singapore's state investment firm Temasek Holdings played down concerns about volatile equity markets in China, its second-largest investment destination, as it reported a sharp jump in net profit.

Technip Shares Plummet on Restructuring

Shares in French oil services company Technip plummeted after it announced a major restructuring plan, including 6,000 job cuts world-wide, as falling energy prices force the company to drastically cut costs.

German Media Giants in Tie-Up Talks

German broadcaster ProSiebenSat.1 and publishing company Axel Springer are in talks to merge in a transaction that would shake up the media market, people familiar with the matter said.

Hayes Tells Trial He Admitted Misconduct to Avoid Extradition

Tom Hayes, the alleged ringleader of a global interest-rate-rigging conspiracy, testified that he previously admitted to misconduct to British investigators solely in an attempt to avoid being extradited to the U.S.

Samsung Sees Seventh Straight Profit Decline

Samsung's second-quarter earnings estimates suggest that sales of its new flagship smartphones were much worse than expected.

Samsung Affiliates Clear Another Legal Hurdle on Way to Merger

A South Korean court sided with the Samsung conglomerate in a decision that could sway the outcome of a contentious merger between two Samsung companies.

Big U.S. Banks Refile 'Living Wills' after Regulatory Rebuke

Twelve of the largest U.S. banks refiled with regulators their plans for navigating bankruptcy, their latest attempt to show they wouldn't need a taxpayer bailout in a financial crisis.

Goldman Vice Chairman John Weinberg to Retire

John S. Weinberg, whose family helped run Goldman Sachs Group Inc. for more than a century, is retiring after 32 years with the company.

Director at Drug Giant Mylan Had Ties to Land Deal

Rodney Piatt, Mylan's vice chairman, lead independent director and compensation-committee chief, was the main developer at the Pittsburgh office park where the generic-drug giant built its new headquarters.

TerraForm to Acquire Wind Farms for $2 Billion

TerraForm Power agreed to acquire a majority stake in a portfolio of wind farms in the U.S. and Canada from Invenergy Wind in transactions valued at a combined $2 billion.

Noble Group Launches Accounting Review

Commodities trader Noble Group Ltd. will launch an independent review into its accounting, which has come under some scrutiny this year, the company said Tuesday.