Monte dei Paschi to Cut Jobs, Sell Units in Bid to Win Support for Rescue Plan

Troubled Italian lender Monte dei Paschi said it would cut 2,600 jobs, shut 500 branches and sell business units as part of a make-or-break plan aimed at persuading skeptical investors to buy into a multibillion-euro capital increase.

Novartis Profit Helped by GlaxoSmithKline Joint Venture

Novartis said net income increased in the third quarter thanks to proceeds from its consumer health joint venture with GlaxoSmithKline, helping to offset declining revenue and heavy investment in its new heart-failure medicine and its ailing eye-care unit.

Orange Profit Up as International Sales Grow

Orange sales growth picked up slightly in the third quarter but a drop in revenue in its home market of France weighed on results.

Syngenta-ChemChina Deal Closing Likely to Be Delayed

Swiss seed and pesticide maker Syngenta said regulatory approval of its proposed acquisition by ChemChina is likely to be delayed into early 2017 as regulators seek more information amid a consolidation wave in the sector.

Security Worries Led Germany to Question Chinese Takeover of Aixtron

The German government reopened its review of a $728.89 million Chinese takeover of chip equipment maker Aixtron because of security concerns, the buyer said.

IBM in Settlement Talks With Australia Over Botched Online Census

International Business Machines is negotiating a settlement with Australia's government over a bungled effort to oversee the country's first online census.

DP World Container Volumes Rise in Tough Trading Conditions

Dubai-based port operator DP World handled more containers in the first nine months of the year compared with the same period last year, helped by higher volumes in Europe and India, though its home terminal processed less cargo.

(END) Dow Jones Newswires

October 25, 2016 06:00 ET (10:00 GMT)

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