HSBC to Sell Brazil Business for $5.2 Billion
HSBC said it plans to sell its Brazil business to Banco Bradesco
in an all-cash deal worth $5.2 billion as it reported a fall in its
second-quarter net profit.
BMW, Daimler, Audi to Buy Nokia's Maps Business
The German car makers have agreed to acquire the Finnish
company's Here digital maps business at enterprise value of $3.1
billion.
Heineken Boosted by Emerging Markets
Heineken reported a rise in profit and revenue as the Dutch
brewer benefited from strong demand for its premium beers and from
robust sales in emerging markets.
Commerzbank Profit Up on Revenue, Taxes
Commerzbank's second-quarter net profit more than doubled as the
German bank increased revenue and paid less tax.
Shire to Buy Foresight Biotherapeutics
Shire has agreed to buy the privately held eye-drug company for
$300 million in a deal that would add a promising treatment for
pinkeye to a new line of business.
Chinese Firms Seek Multibillion-Dollar IPOs
Two Chinese financial firms are gearing up for
multibillion-dollar initial public offerings in Hong Kong, even as
the country's stock markets saw one of their steepest selloffs last
month.
Noble to Post Results Earlier
Commodities trader Noble Group sought to allay investor fears
about its financial health and said it would bring forward the date
of its second-quarter results after its share price plunged by as
much as 28% last week.
Verizon Contract Talks to Continue
Verizon missed its midnight deadline to secure a deal with more
than 37,000 union employees, but the unions said employees will
keep working.
'China's Airbnb' Raises $300 Million in Funding Round
Tujia.com raised $300 million in its latest funding round,
underscoring strong investor demand for Chinese startups despite
volatility in the country's domestic stock market.