BAT Offers to Buy Remaining Reynolds Stake for $47 Billion

British American Tobacco said it has made a $47 billion takeover offer for the roughly 58% of American peer Reynolds American that it doesn't already own.

GE Profit Falls as Revenue Growth Less Than Expected

General Electric's oil and gas business continued to weigh on revenue growth in the latest quarter, and the industrial giant said it would increase its stock-buyback program by $4 billion after disappointing Wall Street this year.

GE's 3-D Printing Buys Set to Fail After Elliott Intervenes

General Electric's $1.4 billion move to buy two European 3-D printing firms looks set to fail after the U.S. conglomerate said it wouldn't bow to pressure from one of the world's best known activist investors

Expenses Dim Profit for SunTrust Banks

SunTrust Banks said profit fell in its latest quarter on an increase in expenses. Results topped Wall Street expectations.

SAP Raises Full-Year Guidance

SAP raised its guidance for 2016 to between $7.1 billion to $7.3 billion, even after third quarter net profit fell 19% on higher share-based compensation expenses.

Ericsson Plunges to Loss

Ericsson suffered a third-quarter loss amid a slowing telecom-equipment market and fierce Asian competition

Shell to Sell $1 Billion of Canadian Assets

Royal Dutch Shell reached a deal to sell $1 billion of shale oil and gas assets in Western Canada as part of a global divestment program to raise cash and streamline operations.

Daimler Profit Lifted by E-Class Model Sales

Daimler, the German luxury car maker, reported sharply higher profit driven by strong sales of its new E-class models, sport-utility vehicles and positive currency effects.

China Resources Pharma Raises $1.8 Billion in Hong Kong IPO

China Resources Pharmaceutical Group has raised $1.8 billion in one of the biggest Hong Kong initial public offerings of the year

Ex-SEC Official Picked to Monitor Deutsche Bank's Derivatives Overhaul

A former Securities and Exchange Commission official has been appointed to monitor an overhaul of Deutsche Bank AG's systems for reporting trades in its giant derivatives book.

Brazil Charges 21 People in Samarco Mining Dam Collapse

Brazilian federal prosecutors filed homicide charges Thursday against 21 people in connection with a catastrophic dam collapse last year that killed 19 people.

(END) Dow Jones Newswires

October 21, 2016 08:02 ET (12:02 GMT)

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