China's Tencent Buys 5% Stake in Tesla 
 

Tencent has taken a 5% stake in Tesla, making the biggest company in China one of the largest owners of Elon Musk's cash-hungry electric car maker.

 
SpaceX Aims for Historic Rocket Launch With Reused Booster 
 

Elon Musk's SpaceX will strive to make history once again, highlighting benefits of reusable boosters with the launch of the first large, liquid-fueled rocket powered by engines previously fired in space.

 
Trump Tweet Touts Ford's Plan to Invest in Three Michigan Plants 
 

President Donald Trump steered attention back to the auto industry Tuesday morning following last week's health care defeat, saying in a tweet that Ford Motor Co. is planning to announce investment in three Michigan plants, indicating the moves will result in jobs.

 
Amazon to Buy Middle East E-Commerce Site Souq.com 
 

Amazon.com is acquiring Dubai-based Souq.com, placing one of its biggest global bets in recent years on the small but rapidly-expanding Middle Eastern online shopping market.

 
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.

 
SoftBank Talks to China's Uber Rival Didi About $6 Billion Investment 
 

SoftBank has approached China's Didi Chuxing about investing roughly $6 billion to help the ride-hailing firm expand in self-driving car technologies.

 
U.S. Hedge Fund Elliott Backs Deal to Buy AC Milan Soccer Club 
 

U.S. hedge fund Elliott Management Corp. has agreed to provide part of the financing for Chinese investor Yonghong Li's deal to buy Italian soccer team AC Milan, according to people familiar with the matter.

 
Ericsson Hit by Charges as Telecoms Business Slows 
 

Sweden's Ericsson said it is taking charges of between $1.8 billion and $2.4 billion this year to further retool its telecoms-equipment business amid falling sales and competition from China.

 
Akzo Nobel to Detail Plan to Separate Its Specialty Chemicals Business 
 

Paint giant Akzo Nobel said it would announce next month specific plans for the separation of its specialty chemicals business, in the Dutch firm's latest effort to ward off a $24 billion takeover approach from U.S. rival PPG Industries.

 
Memoir Deal With Obamas 'Makes Sense for Both Sides' Says Bertelsmann Chief 
 

Having signed up Barack and Michelle Obama on a two-book deal, German publisher Bertelsmann is finding U.S. politics to be good business.

(END) Dow Jones Newswires

March 28, 2017 09:00 ET (13:00 GMT)

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