Fiat Chrysler Unloads Car-Parts Unit in $7.1 Billion Deal With KKR 
 

Japan's Calsonic Kansei agreed to buy Fiat Chrysler's auto-parts business, Magneti Marelli, for $7.1 billion, a deal that will catapult the combined company into the top ranks of global auto suppliers.

 
Ryanair Earnings Hit by Staff and Fuel Costs 
 

European budget airline Ryanair Holdings said second-quarter net profit-during the busy summer season-fell 6%, three weeks after the company cut its full-year guidance.

 
Goldman Changes Asia Banking Leadership as New CEO Digs In 
 

Goldman Sachs is shaking up its leadership in Asia, where a high-profile corruption scandal has dampened an otherwise strong stretch of deal-making.

 
Uber Ambitiously Eyes 2021 for Food-Delivery Drones Launch 
 

Uber Technologies envisions taking to the skies with a fleet of food-delivery drones in as little as three years, an ambitious timeline for a ride-hailing company that would face technical challenges and regulatory hurdles.

 
Richard Parsons Steps Down From CBS Board 
 

CBS interim chairman Richard Parsons is resigning because of health issues. New board member Strauss Zelnick will succeed him.

 
UBS Cautions Private Bankers on Travel to China 
 

Swiss bank UBS has warned some of its bankers to reconsider travel to China following a request by authorities in the country for one of its wealth managers to aid in an investigation.

 
Deal to Create Chinese Lithium Giant Faces Legal Challenge 
 

A Chilean court is set to rule on a legal challenge to Tianqi Lithium's deal to buy 24% of mining company SQM-which critics say could create a cartel for a key element in electric-vehicle and smartphone batteries.

 
Will Tech Leave Detroit in the Dust? 
 

As IPO proposals value Uber at an eye-popping $120 billion, auto makers are racing to gain ground in everything from car sharing to driverless technology. At stake: who will control the future of transportation.

 
A Billionaire Pledges to Fight High Drug Prices, and the Industry Is Rattled 
 

Ex-energy trader John Arnold has put $100 million behind efforts to curb prices. Drugmakers say his view is flawed and oversimplified, and will restrict patients' access to important medicines.

 
Amazon Wants Alexa to Do More Than Just Play Your Music 
 

Amazon.com Inc., battling Google for voice-assistant supremacy, is accelerating efforts to make Alexa more useful, offering developers incentives to add games, enhance AI skills.

(END) Dow Jones Newswires

October 22, 2018 05:00 ET (09:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.