Citi to Announce Sale of Japanese Unit
Citigroup is set to announce the sale of its long-standing
retail business in Japan to Sumitomo Mitsui Banking Corp. as it
forges ahead with efforts to cut back on its less profitable
consumer businesses around the world.
South Korea Indicts Uber CEO, Korean Partners
South Korean prosecutors have indicted Uber Technologies Chief
Executive Officer Travis Kalanick and his Korean partners for
violating a public-transport law.
Terra Peregrin Withdraws Offer for Portugal Telecom
A firm controlled by Africa's wealthiest woman withdrew a $1.5
billion takeover offer for Portugal Telecom, after Portugal's
markets regulator ruled the bid was too low under existing
rules.
Lukoil Sells Stake in Venezuela Project to Rosneft
Russia's largest privately owned oil company Lukoil said it sold
its share in a Venezuelan project to state-controlled oil giant
Rosneft.
Smartphone With Firefox OS to Debut in Japan
Japanese mobile carrier KDDI said it would start selling the
first smartphones in Japan that run on the open-source Firefox
operating system beginning on Thursday.
UPS, FedEx Cap Holiday Deliveries Amid Late Surge
United Parcel Service and FedEx are said to have started capping
air express deliveries in recent days after an 11th-hour increase
in packages caused some retailers to exceed agreed-upon limits.
Walgreen Tops Expectations on Pharmacy Strength
Walgreen said strong pharmacy sales and cost cuts helped drive a
16% rise in profit in its latest quarter. The upbeat results come
less than a week before a shareholder vote on Walgreen's deal to
buy the rest of European drugstore chain Alliance Boots.
DirecTV, Disney in Distribution Pact
DirecTV and Walt Disney have reached a multiyear distribution
agreement that expands content available on smartphones and tablets
in an era in which consumers increasingly are watching media on
different devices.
Greentown China Shareholders to Sell Stake to CCCG
Greentown China Holdings, a leading Chinese property developer,
said Wednesday that three of its major shareholders will sell a
combined 24.3% stake valued at about $773.4 million to a
state-owned Chinese company.
Family Dollar Holders Delay Vote on Dollar Tree Offer
Shareholders of Family Dollar Stores delayed making a decision
on whether to accept an $8.5 billion buyout offer from discounter
Dollar Tree, giving more time for rival Dollar General to persuade
Family Dollar to accept a higher bid.
India's Aditya Birla to Buy Cement Plants
India's Aditya Birla Group said that it has agreed to buy two
cement plants from a rival in a deal valued at $852 million, as the
conglomerate seeks to tap into an expected increase in cement
demand to build roads, apartments and offices.
Sears Holdings Executive Vice President to Resign
Sears Holdings said that Imran Jooma, one of its senior
executives with wide ranging oversight of the company's business,
resigned.