Mylan Holders Approve Perrigo Purchase

Mylan said Friday that its shareholders have approved its proposed $35.6 billion takeover of Perrigo and it will launch a formal offer soon.

 
Big Lots Tops Expectations, Lifts Guidance

Big Lots said second-quarter adjusted profit rose in the latest quarter, as the deep discounter posted another same-store sales increase amid merchandising improvements.

 
Scotiabank Profit Meets Expectations

Bank of Nova Scotia's fiscal third-quarter earnings met expectations, and the lender raised its quarterly dividend.

 
Hermès Warns of Currency Pressure

French luxury-goods company Hermès International warned that volatile currencies will erode its profitability in the second half of the year with profit seen rising more slowly than sales.

 
Investor Group May Cut Bid for China's Qihoo 360

The consortium has offered $9 billion for the tech firm in what would be the largest take-private deal of a U.S.-listed Chinese company.

 
Bob Evans Names Arby's Veteran Doug Benham as Executive Chair

Bob Evans on Friday tapped Arby's veteran Douglas N. Benham to lead the company in a newly-created executive chair role until the company finds a new chief executive.

 
U.K. E-Cigarettes Report Blasted by the Lancet

A recent U.K. government report that called electronic cigarettes 95% less harmful than traditional cigarettes has been criticized by the Lancet medical journal for relying on "flimsy" evidence.

 
China Huarong Asset Management Gets Approval for $3 Billion IPO

A listing by China's largest bad-loan buyer by assets could be one of the biggest in the region this year.

 
UberChina Closing In on $1 Billion in New Funding

The Chinese affiliate of Uber is close to securing about $1 billion in new funding from investors in the region, part of the ride-hailing company's rivalry with deep-pocketed Chinese rival Didi Kuaidi.

 
United Continental, Activision to Join S&P 500

United Continental Holdings and Activision Blizzard will join the S&P 500 while Pall and Hospira will leave the benchmark index.

 
Luxury Brands Push Deeper Into India

As sales growth slows in China and other big markets, luxury-goods makers are seeking to cash in on patches of new wealth in often-unexpected parts of India, where there is a growing appetite for luxury brands.

(END) Dow Jones Newswires

August 28, 2015 08:20 ET (12:20 GMT)

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