Uber Buys Careem for $3.1 Billion to Conquer Middle East Market 
 

The ride-hailing giant is acquiring Middle Eastern rival Careem Networks, a deal that ends another cutthroat ride-hailing battle ahead of an expected initial public offering.

 
Japan Watchdog Accuses Citigroup Unit of Manipulating Bonds Futures Market 
 

The Securities and Exchange Surveillance Commission recommended a $1.2 million fine for London-based Citigroup Global Markets.

 
Activists Wage Fight at Bed Bath & Beyond 
 

Legion Partners, Macellum Advisors and Ancora Advisors together control a roughly 5% stake in Bed Bath & Beyond and are preparing to launch a proxy fight to replace its entire 12-person board.

 
Cryptocurrency Miner Bitmain's Hong Kong IPO Application Lapses 
 

Bitmain Technologies, the world's largest cryptocurrency mining company, said it plans to go public in the future after a six-month deadline on its current listing application lapsed.

 
McDonald's Buys Israeli Digital Startup Dynamic Yield 
 

McDonald's is buying Dynamic Yield in a bid to improve in-store ordering and online marketing, in a $300 million-plus deal that marks the fast-food chain's biggest acquisition in two decades.

 
France's CMA CGM to Buy Chinese-Made Container Ships 
 

French shipping operator CMA CGM has ordered 10 container megaships from state-owned China State Shipbuilding as part of a string of deals signed by Chinese President Xi Jinping and French counterpart Emmanuel Macron.

 
Airbus and China Sign Mega-Deal for 300 Aircraft 
 

Airbus and China Aviation Supplies Holding have signed an agreement for the purchase of 300 aircraft, Airbus said Monday.

 
Shell Boosts Bet on North American LNG Exports 
 

Royal Dutch Shell and Energy Transfer said they are pursuing plans to convert a liquefied-natural-gas import facility in Louisiana into an export terminal, a bet that the future of U.S. shale gas lies in selling it for higher prices in overseas markets.

 
Ill-Fated Hewlett-Packard Deal Is Back in Court 
 

A U.K. court commenced a fraud trial in which the successors to Hewlett-Packard are seeking damages from the company's $11.1 billion acquisition of software developer Autonomy in 2011.

 
Journal Shifts Strategy With Apple Deal 
 

The Wall Street Journal signed on as a launch partner for Apple's $9.99-a-month news service, marking a shift in strategy meant to draw in new readers and paying subscribers without undercutting the publication's core business.

(END) Dow Jones Newswires

March 26, 2019 05:00 ET (09:00 GMT)

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