Uber Rival Grab's Fundraising Values It at $6 Billion

Singapore-based ride-hailing firm GrabTaxi Holdings is raising $2.5 billion in Southeast Asia's largest-ever round of startup fundraising as it seeks to battle Uber Technologies across the populous region.

 
KKR Near Deal to Buy WebMD

Private-equity firm KKR is nearing a deal to buy health-information provider WebMD Health, according to people familiar with the matter.

 
BMW Denies VW Claims of Possible Coordination by German Car Makers

Germany's largest car maker has asked Europe's antitrust watchdog to scrutinize decades of coordination efforts by the country's main auto manufacturers amid growing concern they might have breached antitrust regulations.

 
Ryanair Profit Soared 55% in Latest Quarter, Topping Expectations

Ryanair, Europe's largest airline by passenger numbers, said net profit rose 55% in its fiscal first quarter, bolstered by strong ticket prices-but warned that overcapacity will continue to pressure fares.

 
Cloud Wars at the Right Price

The cloud computing business is growing, and revenue is building even without the draw of price cuts.

 
Boeing, Flying High, Stays the Course on Job Cuts

Boeing Co. presses forward with efficiency push, cutting 6,000 staff or 4% of its workforce in the first half of 2017, its fastest pace in a decade, as its stock hits new records.

 
Westpac in Talks with Charter Hall on Sale of Hastings Unit

Westpac Banking said it is in talks with Charter Hall Group over the sale of Hastings Management, a global infrastructure-assets business with funds under management of about $11.3 billion.

 
President's Sign-Off Deals Blow to China Inc.'s Global Spending Spree

China reined in one of its brashest conglomerates with the approval of President Xi Jinping-a mark that the broader government clampdown on large private companies comes right from the top.

 
Lyft Shifts Gears With New Driverless-Car Division

Lyft said it is forming its own autonomous-car development division, hiring hundreds of engineers for it and opening a new office in the heart of Silicon Valley.

 
Siemens and Bombardier in Talks to Form Train Joint Ventures

Siemens and Bombardier are in advanced to talks to combine their train-making businesses, according to people familiar with the matter.

(END) Dow Jones Newswires

July 24, 2017 05:00 ET (09:00 GMT)

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