AT&T to Offer TV and Wireless Bundle
AT&T plans to offer bundled TV and wireless phone services,
about a month after the company closed its acquisition of
DirecTV.
Sears to Report First Profit Since 2012
Sears Holdings said Monday that a gain from the spinoff of some
of its real estate will likely drive its first profit in three
years, though the retailer said sales continued to slide in its
second quarter.
Exor, PartnerRe Settle on Deal
Exor and PartnerRe ended months of negotiations by reaching an
agreement in which Exor would buy PartnerRe in a deal valued at
$6.9 billion.
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.
Goldman Raises Legal-Loss Range
Goldman Sachs Group raised the top end of its range of
"reasonably possible" legal expenses to about $5.9 billion, up from
about $3.8 billion in May, the Wall Street firm said Monday in a
regulatory filing.
Hong Kong Fines BNP Paribas for Leaving Investors in the Dark
Hong Kong's securities regulator fined a unit of BNP Paribas SA
for misconduct related to its dark pool operations.
BMW, Daimler, Audi to Buy Nokia's Maps Business
Germany's biggest auto makers have clinched a deal to buy
Nokia's digital mapping business, beating out rival bidders for
some of the vital technology for self-driving cars in a €2.8
billion ($3.1 billion) acquisition.
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.
Allianz-Led Consortium to Buy Back Tank & Rast
A consortium headed by Allianz's infrastructure arm is set to
spend more than $3.84 billion to buy a highway service station
chain that it sold for about a third of that sum a decade ago.
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.
Suzuki to Rev Up Value After Loeb's Third Point Discloses Stake
Suzuki Motor said that it was taking steps to lift its
"corporate value" after New York hedge fund Third Point disclosed a
stake in the auto maker.
Chinese Firms Seek Multibillion-Dollar IPOs
Two Chinese financial firms are gearing up for
multibillion-dollar initial public offerings in Hong Kong, even as
China'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.
Li Ka-shing's Cheung Kong Property Plans to Sell Shanghai Project for $2.6 Billion
A property developer backed by Hong Kong billionaire Li Ka-shing
has put an office and retail property project in Shanghai up for
sale, according to two people familiar with the matter.
One of Citadel's China Accounts Suspended
U.S.-based hedge fund firm Citadel said trading in one of the
accounts it manages in China has been suspended, as regulators
there battle a steep slide in stock prices.
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.
Didi Kuaidi to Get Backing From China Investment Corp.
China's homegrown ride-hailing service, Didi Kuaidi, is getting
an influential backer in its battle against Uber: sovereign-wealth
fund China Investment Corp.