Volkswagen to Launch Recall in January

Volkswagen said it will launch a massive recall in January of vehicles that have been affected by the emissions test scandal that has rocked Europe's largest auto manufacturer.

Volkswagen to Name Pötsch Chairman

A German court appointed Hans Dieter Pötsch to the supervisory board of Volkswagen as expected, allowing the board to name him chairman at a critical moment for the car maker.

AB InBev Makes Revised Proposal to Buy SABMiller

Anheuser-Busch InBev turned the heat up on SABMiller by going public with a proposal it has made to the world's second-largest brewer's board to buy it in a deal valuing it at up to $104.1 billion.

Bombardier, Airbus 'Business Opportunities' Talks End

Airbus and Bombardier said late Tuesday that talks between the two jet makers over possible "business opportunities" have ended.

Tesco Swings to Loss on Korea Costs

Tesco fell to an interim net loss as Britain's largest retailer incurred costs related to the sale of its Korean business but said it is regaining its competitive position in its home market.

Nokia Outlines Structure for Alcatel-Lucent Takeover

Nokia laid out management and organizational plans for the group as it prepares for the completion of its EUR15.6 billion ($17.6 billion) acquisition of French rival Alcatel-Lucent.

Diageo, Heineken Exchange Emerging-Market Assets

Drinks companies Diageo and Heineken announced an exchange of emerging-market brewing assets in a deal that will result in a profit for Diageo of $671 million.

Kering Names Gavasalia Artistic Director at Balenciaga

French luxury group Kering named Demna Gavasalia as the new artistic director at Balenciaga, replacing Alexander Wang who announced his departure earlier this year.

Hermes, Redevco Shopping Spree

U.K. asset manager Hermes Investment Management, alongside retail property firm Redevco, have linked up to buy shopping space in Northern Europe.

Chinese Startups Near Merger to Form $15 Billion Company

Meituan.com and Dianping are nearing a merger that would form a company with a combined value of more than $15 billion, creating the country's biggest online-to-offline provider of services.

Samsung Sees Profit Rebounding

Samsung Electronics estimated its third-quarter operating profit rebounded sharply from a year earlier on robust sales of chips and displays used in mobile phones and other gadgets.

Japan Post Sets Price Band for Multibillion-Dollar IPO

State-owned Japan Post Holdings has set an indicative price band for its and its units' initial public offerings, which could together fetch as much as $11.7 billion, making it the largest asset sale by the government in nearly 30 years.

French PM Backs Air France in Labor Dispute

The French Prime Minister Manuel Valls said the government supports the management of Air France-KLM which is currently embroiled in an acrimonious conflict with its workers over job cuts.

UAW Threatening Strike at Chrysler

The United Auto Workers threatened to strike Fiat Chrysler by Wednesday night, signaling a breakdown in efforts to salvage a labor deal widely rejected by members last week.

TPG Raises $2 Billion in Real-Estate Fund

Private-equity giant TPG has closed its first high-risk real-estate fund, raising more than $2 billion in commitments at a time when big investors' appetite for real-estate risk is increasing.

SunEdison's Latin America Power Deal Fails

SunEdison Inc. won't complete its roughly $700 million planned acquisition of Latin American Power as the U.S. solar-energy producer's woes mount.

U.S. Steel May Idle Plant, Citing Market Conditions

U.S. Steel said Tuesday it is exploring consolidation of its North American flat-rolled operations and may temporarily idle steelmaking operations at an Illinois plant as it continues to struggle with demand.

Medicines Co. Reaches Partnership Pact With Japanese Drug Firm

Medicines Co. reached a partnership deal with Tokyo-based SymBio Pharmaceuticals that the New Jersey company's president said provides potential for its first product to be marketed in Japan.

(END) Dow Jones Newswires

October 07, 2015 06:54 ET (10:54 GMT)

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