Maersk to Sell Tankers Business for $1.17 Billion 
 

A.P. Moeller-Maersk said it would sell it tankers unit to its controlling shareholder for $1.17 billion, the latest move by the Danish conglomerate to break up its sprawling operations.

 
Thyssenkrupp, Tata Seal Long-Awaited European Steel Deal 
 

Thyssenkrupp of Germany and Tata Steel of India agreed to combine their European steel activities in a move that would create the region's second-largest steel producer.

 
Toshiba Decides on Bain-Apple Group in Chip-Business Sale 
 

Toshiba decided to sell its chip business to a Bain Capital-led group-which includes Apple and Dell Technologies-for more than $18 billion, although there is still opposition to the deal.

 
Toys 'R' Us to Tap Bankruptcy Loan Ahead of Holiday Season 
 

Toys "R" Us won court approval Tuesday to start using a bankruptcy loan from lenders led by J.P. Morgan Chase & Co., something the company's attorneys argued was vital to the troubled toy retailer's survival.

 
Heavy Debt Crushed Owners of Toys 'R' Us 
 

Competition may have brought down Toys "R" Us. But the debt that three Wall Street firms took on to acquire the company-and the way the ownership group was constructed-left them without a fighting chance.

 
Microsoft Raises Dividend, Names Hugh Johnston to Board 
 

Corp. raised its dividend by 7.6% and named 30-year PepsiCo Inc. veteran Hugh Johnston to its board.

 
FedEx Takes Earnings Hit Following Cyberattack 
 

FedEx said a cyberattack earlier this year dented earnings in its first quarter by roughly a third, prompting the package delivery giant to cut its profit forecast for the rest of the fiscal year.

 
BHP Billiton Top Executives Get No Pay Rise Despite Profit 
 

A recovery in the fortunes of global miners has encouraged increased payouts to shareholders, but BHP Billiton Ltd. is following other mining companies in stating that salaries of its top bosses wouldn't rise this fiscal.

 
Call It 'Fintech' and Watch the Valuation Soar 
 

China's ZhongAn insurance company wants to be seen as tech play, rather than a boring old insurer.

 
CFPB Says It Could Have Pursued $10 Billion Penalty Against Wells Fargo 
 

The CFPB calculated it could have pursued a $10 billion penalty against Wells Fargo over its sales practices scandal before settling on a much smaller fine, according to government documents released by House Republicans.

(END) Dow Jones Newswires

September 20, 2017 05:15 ET (09:15 GMT)