Deutsche Bank Sells Abbey Life Unit to Phoenix for $1.2 Billion

Deutsche Bank has sold its Abbey Life insurance unit to Phoenix Group for $1.22 billion in a deal that will boost the German lender's capital position.

RBS Pays $1.1 Billion to Settle Lawsuits in U.S.

Royal Bank of Scotland Group has agreed to pay $1.1 billion to a U.S. regulator to resolve two civil lawsuits over the way it sold mortgage-backed securities in the run-up to the financial crisis

Two LVMH Employees Detained in Probe of Security Consultant

French police this week detained for questioning two employees of luxury goods maker LVMH in connection with a probe of a security consultant who is suspected by investigators of trafficking in sensitive law-enforcement information.

German Regulator Tells Facebook to Stop Collecting WhatsApp User Data

A German privacy watchdog has ordered Facebook to stop collecting user data from its messenger subsidiary WhatsApp, the latest clash between European privacy authorities and the social-network company.

Takata in Talks to Resolve Allegations of Criminal Wrongdoing Over Faulty Air Bags

Takata is negotiating to resolve allegations of criminal wrongdoing after federal prosecutors found evidence of unlawful conduct in the Japanese automotive supplier's handling of rupture-prone air bags linked to numerous deaths and injuries, said people familiar with the matter.

Hanjin Sale Is Possible, Court Says

The South Korean bankruptcy court handling the insolvency proceedings of Hanjin Shipping said a sale of the troubled company is possible and a decision would be made soon.

Uber to Launch Food-Delivery Service in Tokyo

Uber plans to launch its UberEats food-delivery business in Tokyo on Thursday, preparing for a gradual rollout across Japan-a country where its main ride-hailing business is barred.

Yahoo Breach: Senators Demand Answers

Six Democratic U.S. senators have written to Yahoo CEO Marissa Mayer, seeking answers to questions about the company's 500 million-account data breach, thought to be the largest ever.

(END) Dow Jones Newswires

September 28, 2016 06:17 ET (10:17 GMT)

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