French IT Firm Expands in U.S. With $3.4 Billion Deal

The French firm Atos has struck a $3.4 billion deal to buy U.S.-based Syntel, an information-technology company, in a move that would give it access to some of the biggest U.S. financial-services companies.

 
Sudden CEO Shift Jolts Fiat Chrysler

The deteriorating health of Sergio Marchionne forced Fiat Chrysler to replace him as CEO this weekend, a sudden change at a company dealing with a rapidly evolving industry and a global trade dispute.

 
Philips Profit Falls

Philips said that net profit fell in the second quarter as it booked a charge from discontinued operations, while sales stayed flat.

 
WPP in Talks to Sell Minority Stake in Chinese Unit

WPP has held talks to sell a minority stake in its operations in China, as the world's largest advertising company reviews its business after founder Martin Sorrell's exit.

 
Pimco Executive Resigns After Allegations of Inappropriate Behavior

Bill De Leon, a senior Pacific Investment Management executive, resigned on Friday after facing allegations he acted inappropriately toward a colleague, people familiar with the matter said.

 
Tesla Asks Suppliers for Cash Back to Help Turn a Profit

Tesla has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker's urgency to sustain operations during a critical production period.

 
China Targets Apple With Push Into Advanced Screens

China's campaign to become a global power in advanced manufacturing is playing out at a high-tech factory in Sichuan province, where BOE Technology Group is aiming to supply display screens for Apple's top-tier iPhones.

 
China Tower Begins Bookbuilding for up to US$8.68 Billion Hong Kong IPO

A Chinese operator of wireless infrastructure network is seeking to raise up to US$8.68 billion from an initial public offering in Hong Kong, in what could be the world's biggest IPO in nearly four years.

 
BHP Billiton Served with Class Action in Australia Court

BHP Billiton Ltd. said a class action has been filed in an Australian court over the 2015 dam failure at a Brazilian iron-ore mining operation that sparked a sharp fall in the miner's stock.

 
Papa John's Board Votes to Adopt 'Poison Pill' Against Founder

Papa John's International's board members voted to adopt a "poison pill" on Sunday to prevent its controversial founder from gaining a controlling interest in the pizza chain.

(END) Dow Jones Newswires

July 23, 2018 03:00 ET (07:00 GMT)

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