France's Essilor to Merge With Italy's Luxottica to Create Eyewear Giant

French optical-lens maker Essilor said it would merge with Luxottica, the Italian maker of Ray-Ban glasses to create an eyewear giant with a market value of almost $50 billion.

 
Australia Utility Duet Accepts Takeover Offer Worth Nearly $5.5 Billion

Australian utility Duet Group has agreed to a takeover bid worth nearly $5.5 billion from Hong Kong tycoon Li Ka-shing's Cheung Kong Infrastructure.

 
Donald Trump Tells Auto Makers They 'Have to Start Making Things Here Again'

President-elect Trump told companies they will have to shift manufacturing to the U.S. in order to do business here, in a series of comments indicating a tough posture toward U.S. trade partners.

 
SpaceX Launches Rocket With 10 Iridium Satellites

Space Exploration Technologies Corp. successfully launched its Falcon 9 rocket, rebounding from a catastrophic accident in September.

 
South Korean Prosecutors Seek to Arrest Samsung Heir

South Korean prosecutors sought an arrest warrant for Samsung heir Lee Jae-yong on allegations including bribery and embezzlement, ensnaring him in a scandal that has already led to the impeachment of President Park Geun-hye.

 
To Win Back Customers, Fashion House Fendi Thinks Small

The Rome-based house has regained its buzz with new products such as straps, pompoms and bag charms geared toward shoppers tired of cookie-cutter accessories.

 
Wanda Group, Owned by China's Richest Man, Suffers Rare Off Year

Billionaire Wang Jianlin's property-to-entertainment conglomerate reported its first revenue decline in at least six years, citing a softening commercial-property market.

 
Trial Reveals Pitfalls of Whistleblower Claims From In-House Lawyers

Sanford Wadler, the former general counsel of Bio-Rad Laboratories, will be using sensitive material from the life sciences research company to support his case in a wrongful-termination lawsuit.

 
NASA's Advisers Heighten Warnings About Manned SpaceX Flights

Fueling rockets with astronauts already strapped into capsules on top entails major explosion risks and other uncertainties that need to be assessed, the aerospace safety advisory committee said in its annual report.

 
Moody's Agrees to Settle Financial Crisis-Era Claims for $864 Million

The ratings firm will pay about half to the Justice Department as a civil penalty and the rest to 21 states in connection with bond grades it issued before the 2008 housing-market collapse.

(END) Dow Jones Newswires

January 16, 2017 05:15 ET (10:15 GMT)

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