Fosun International: To Buy at Least 80% Stake in German Private Bank H&A 

Chinese conglomerate Fosun International Ltd. said Wednesday it has agreed to buy at least an 80% stake in H&A, a private bank in Germany, for up to EUR210 million, as part of its globalization strategy. (published 0038 GMT)

 
 
Nib Holdings to Buy Travel-Insurance Provider World Nomads 

Nib Holdings Ltd. has agreed to buy one of Australia's biggest travel-insurance providers in a 95 million Australian dollar deal, helping it diversify operations outside the highly regulated Australian health-insurance market. (published 0027 GMT)

 
 
CVS Health Leaves U.S. Chamber of Commerce Over Smoking Stance 

CVS Health Corp. is quitting the U.S. Chamber of Commerce, citing conflicting stances with the powerful lobbying group regarding smoking. (published 0034 GMT)

 
 
Shell Places Huge Bet on Arctic Oil Riches 

betting it can find enough oil to justify the huge risks that keep almost every other competitor out of those icy waters. (published 2333 GMT Tuesday)

 
 
Novartis's Heart Failure Drug Is Approved by FDA - Update 

The Food and Drug Administration approved a promising new heart-failure drug from Novartis AG that cardiologists say could potentially improve the lives of millions of patients with the condition. (published 2322 GMT Tuesday)

 
 
China Home-Rental Site Xiaozhu.com's Valuation Tops $300 Million 

Chinese home-rental company Xiaozhu.com recently raised $60 million from four private-equity firms, the latest Chinese technology startup to tap investor interest in the country's growing "sharing" economy. (published 2233 GMT Tuesday)

 
 
Oracle Cuts Value of Stock-Option Grants to Top Executives 

Oracle Corp. maintained the number of stock options it granted to its three top executives in 2015, but it altered the terms of its executive pay in a way that lowered the value of those awards. (published 2159 GMT Tuesday)

 
 
P&G Settles Suit on Puffed-Up Packaging 

Olay is getting a facelift, though not entirely of its own accord. (published 2137 GMT Tuesday)

 
 
Home Builder Five Point Files for IPO 

California developer Five Point Holdings Inc. filed a draft registration statement with regulators outlining an initial public offering, providing a test of investors' appetite for housing-related offerings after a yearlong lull. (published 2156 GMT Tuesday)

 
 
Drone Maker AeroVironment Names Raymond Cook Financial Chief 

Drone maker AeroVironment Inc. named Raymond Cook chief financial officer on Tuesday. (published 2149 GMT Tuesday)

 
 
Container Store's Loss Widens Sharply on Higher Spending and Stronger Dollar 

The Container Store Group Inc.'s first-quarter loss rose sharply largely on higher spending tied to a series of initiatives aimed at revamping sales as well as the impact of the stronger dollar. (published 2140 GMT Tuesday)

 
 
J.P. Morgan Chase Seeks to Move 2,150 Jobs From NYC to Jersey City 

J.P. Morgan Chase & Co. is looking to move 2,150 jobs from New York City to Jersey City, the latest expansion of the financial institution across the Hudson River. (published 2019 GMT Tuesday)