Philips Profit Lifted by Health-Care Business

The Netherlands' Royal Philips said its third-quarter earnings further improved thanks to higher sales at its core health-care technology operations and cost savings.

Germany Withdraws Approval of Chinese Takeover of Aixtron

Germany's government has withdrawn its approval of a $729 million Chinese takeover of Aixtron, the company said, the latest sign of government alarm about a wave of Chinese takeovers.

Rockwell Collins to Buy B/E Aerospace for $6.4 Billion

Rockwell Collins agreed to pay $6.4 billion to buy B/E Aerospace in a deal that would unite two of the global aerospace industry's biggest suppliers.

Genworth Financial Agrees to Takeover

Chinese investment firm China Oceanwide Holdings said it agreed to buy U.S.-based insurer Genworth Financial Inc. for about $2.7 billion.

Hanjin Shipping to Close European Operations

The company's decision to close all of its 10 business operations in Europe is the latest sign that it is heading toward liquidation.

(END) Dow Jones Newswires

October 24, 2016 05:54 ET (09:54 GMT)

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