Huawei Sues Samsung Alleging Patent Infringement

Chinese telecommunications-equipment maker Huawei has filed a lawsuit in the U.S. alleging that Samsung infringed a number of patents covering mobile devices and cellular-communications technology.

 
Wesfarmers to Take Big Impairment Hit

Wesfarmers laid bare the potential pitfalls of diversification as it takes a big impairment hit across various businesses after a slump in demand for key products.

 
Swiss Bank Is Charged Over 1MDB Dealings

Authorities in Switzerland and Singapore took action against Swiss private bank BSI SA for allegedly failing to prevent suspected money laundering and bribery related to its dealings with a Malaysian development fund.

 
Monsanto Rejects Bayer Merger Bid, Will Weigh Talks

Monsanto rejected Bayer's $62 billion takeover offer, saying the biotech seed giant's business merited a higher price, though Monsanto said it remains open to further talks on a deal.

 
HP Enterprise Plans Spinoff, Deal With Computer Sciences

Hewlett Packard Enterprise Co. plans to spin off most of its technology services operations and merge them with those of Computer Sciences Corp., in an $8.5 billion transaction that marks HP Enterprise's latest adjustment to a shifting landscape that is roiling the market for corporate technology.

 
Hyundai Plans Electric Car With 200 Miles of Range for 2018

Hyundai Motor Co. said it will follow its new electric car due later this year in the U.S. with another one in 2018 that has at least 200 miles of electric range.

 
Toyota and Uber Reach Investment, Lease Partnership

Toyota said it had invested in Uber Technologies as part of a strategic alliance aimed at getting more drivers on the ride-hailing service.

 
EU Clears AB InBev's $108 Billion SABMiller Takeover

The European Union approved the huge beer deal on the condition that AB InBev shed almost all of SABMiller's European assets.

 
Washington, California Sue Johnson & Johnson Over Vaginal Mesh Implants

Washington state and California sued Johnson & Johnson on Tuesday, saying that for years the company misrepresented the risks of vaginal mesh implants it sold to repair pelvic collapse.

 
Wells Fargo Lowers Profitability Targets

Wells Fargo & Co. on Tuesday gave lower targets for profitability, citing persistently low interest rates that have hammered big banks' lending businesses.

 
Intuit Profit Jump

Intuit Inc., the maker of TurboTax software, on Tuesday reported better-than-expected results for its third quarter.

 
Liquidators Win Approval to Sell Sports Authority Inventory

Sports Authority Holdings Inc.'s going-out-of-business sales will begin this week after a bankruptcy judge signed off on a deal with a trio of liquidators.

(END) Dow Jones Newswires

May 25, 2016 03:02 ET (07:02 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.