Volkswagen Returns to Profit 

Volkswagen swung back to profit in the first quarter with the absence of new provisions against earnings feeding optimism that the German car maker is over the worst of the diesel crisis.

 
Alliance Trust Receives Merger Approach From Rothschild's RIT 

Scottish investment company Alliance Trust said it has received an informal merger approach from Jacob Rothschild's RIT Capital Partners, paving the way to a possible deal that would create a firm worth over $7 billion.

 
Air France-KLM Discusses Selling Stake in Catering Unit to China's HNA 

Air France-KLM said it is in exclusive talks to sell a 49.99% stake in its airline catering unit, Servair, to China's HNA Group.

 
Jazz Pharmaceuticals Agrees to Buy Celator for About $1.5 Billion 

Jazz Pharmaceuticals agreed to buy Celator Pharmaceuticals in a roughly $1.5 billion deal that represents a huge premium for a company with a promising leukemia drug but no revenue.

 
Indonesia Eyes Tax to Reduce Plastic Trash 

Parliament will debate a tax it hopes would curb a source of garbage that is choking the country.

 
Trial Set to Open in Legal Battle Pitting H-P, Oracle 

Jurors are set to convene Tuesday to consider a lengthy legal dispute centered on Oracle's alleged role in the decline of one of the former Hewlett-Packard's most lucrative products. The lawsuit seeks $3 billion in damages.

(END) Dow Jones Newswires

May 31, 2016 06:03 ET (10:03 GMT)

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