San Francisco Mayor Vetoes Airbnb Bill

The measure would have restricted hosts from renting their rooms or homes for more than 60 days a year, down from the current 90-day limit.

 
Australia Clears Sale of Ranch Empire to Local Magnate, China Developer

Australia's government has approved the sale of the historic S. Kidman & Co. cattle empire to an Australian-Chinese consortium, ending a long-running process that fueled criticism of rules covering foreign farm investment in the country.

 
Gemalto to Buy 3M's Identity-Management Business

Digital security firm Gemalto NV has agreed to buy 3M Co.'s identity-management business for $850 million, 3M said Thursday.

 
Los Angeles Sues Four National Retailers Over Sale Prices

Separate lawsuits allege J.C. Penney, Sears, Kohl's and Macy's falsely advertised higher regular prices for merchandise so customers would believe they were getting bigger bargains.

 
Washington State Sues Monsanto Over PCB Pollution

The state alleges the agrochemical giant produced the chemicals for decades while hiding what it knew about the PCBs' effect on humans and the environment.

 
Broadcom Takes a Victory Lap After Buying Spree

Raising its dividend following M&A spree gives chip maker a further line of credit.

 
Buyout Firm Stone Canyon in Talks to Buy Mauser Group

An investment firm with ties to junk-bond pioneer Michael Milken is nearing a deal to buy industrial-packaging company Mauser Group for more than $2 billion.

 
Restoration Hardware Hit by Business-Model Changes

Restoration Hardware Holdings' plan to wean customers off promotions and get them to pay for a membership program has stalled sales, prompting the luxury furnishings retailer to revert to markdowns in the holiday period.

 
Amazon Says It Doesn't Plan to Open 2,000 Grocery Stores

Amazon.com Inc. on Wednesday said it doesn't currently have plans to open 2,000 grocery stores.

 
Time Inc. Hires Banks to Help Field Takeover or Partnership Interest

Time Inc. hired banks to help field takeover or partnership interest after the country's largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr.

(END) Dow Jones Newswires

December 08, 2016 23:15 ET (04:15 GMT)

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