Akzo Nobel to Detail New Strategic Plan Next Month 
 

Dutch paint giant Akzo Nobel sought to bolster its defence against a $24 billion takeover approach from U.S. rival PPG Industries, saying it would issue updated financial guidance and growth plans next month.

 
Uber Resumes Self-Driving-Vehicle Program After Arizona Accident 
 

Uber Technologies is putting its autonomous vehicles back on city streets after an accident involving one of them in Tempe, Ariz., caused the company to halt its test program.

 
Weak Sterling to Steer Virgin Atlantic to Loss This Year 
 

Virgin Atlantic Airways Ltd. said it would lose money this year following the sharp drop in the British currency after the 2016 Brexit vote, ending a four-year run of better earnings at the carrier founded by billionaire Richard Branson.

 
Brazil's Vale Names Fabio Schvartsman as CEO 
 

Brazilian mining giant Vale SA said its board approved the selection of Fabio Schvartsman to replace outgoing Chief Executive Murilo Ferreira.

 
Chinese Conglomerate Seeks Stake in Airport Retailer Dufry 
 

HNA Group is seeking to buy a stake in Swiss airport retailer Dufry, which is currently valued at $7.6 billion.

 
Aviva Looks to Sell Friends Provident International 
 

U.K.-based insurer Aviva is looking to sell Friends Provident International, its unit that serves high-net-worth clients in Asia and the Middle East, in a deal that could fetch up to $750 million, with China's Fosun and ANA among those interested in buying it.

 
Olive Garden Owner Pays $780M for Cheddar's Chain 
 

Casual-restaurant chain Cheddar's Scratch Kitchen will soon share ownership with the likes of Olive Garden, LongHorn Steakhouse and the Capital Grille.

 
Valeant Former CEO Sues Company Over Unmade Payments 
 

Michael Pearson, ex-CEO of Valeant Pharmaceuticals, is suing the embattled drugmaker for refusing to pay him more than 3 million company shares that he said he is owed.

 
Avianca Holdings Sues Large Minority Shareholder in Colombian Flag Airline 
 

Avianca Holdings, one of the largest airlines in Latin America, on Monday sued a large minority shareholder that is seeking to block the Colombian flag carrier from completing a strategic partnership with United Continental.

 
Jim Gianopulos Named Head of Paramount Pictures 
 

Jim Gianopulos, the longtime head of Twentieth Century Fox, has been tapped to turn around Viacom Inc.'s troubled movie studio.

(END) Dow Jones Newswires

March 28, 2017 05:00 ET (09:00 GMT)

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