Singapore's Temasek Shrugs Off China Volatility
Singapore's state investment firm Temasek Holdings played down
concerns about volatile equity markets in China, its second-largest
investment destination, as it reported a sharp jump in net
profit.
Technip Shares Plummet on Restructuring
Shares in French oil services company Technip plummeted after it
announced a major restructuring plan, including 6,000 job cuts
world-wide, as falling energy prices force the company to
drastically cut costs.
German Media Giants in Tie-Up Talks
German broadcaster ProSiebenSat.1 and publishing company Axel
Springer are in talks to merge in a transaction that would shake up
the media market, people familiar with the matter said.
Hayes Tells Trial He Admitted Misconduct to Avoid
Extradition
Tom Hayes, the alleged ringleader of a global
interest-rate-rigging conspiracy, testified that he previously
admitted to misconduct to British investigators solely in an
attempt to avoid being extradited to the U.S.
Samsung Sees Seventh Straight Profit Decline
Samsung's second-quarter earnings estimates suggest that sales
of its new flagship smartphones were much worse than expected.
Samsung Affiliates Clear Another Legal Hurdle on Way to
Merger
A South Korean court sided with the Samsung conglomerate in a
decision that could sway the outcome of a contentious merger
between two Samsung companies.
Big U.S. Banks Refile 'Living Wills' after Regulatory Rebuke
Twelve of the largest U.S. banks refiled with regulators their
plans for navigating bankruptcy, their latest attempt to show they
wouldn't need a taxpayer bailout in a financial crisis.
Goldman Vice Chairman John Weinberg to Retire
John S. Weinberg, whose family helped run Goldman Sachs Group
Inc. for more than a century, is retiring after 32 years with the
company.
Director at Drug Giant Mylan Had Ties to Land Deal
Rodney Piatt, Mylan's vice chairman, lead independent director
and compensation-committee chief, was the main developer at the
Pittsburgh office park where the generic-drug giant built its new
headquarters.
TerraForm to Acquire Wind Farms for $2 Billion
TerraForm Power agreed to acquire a majority stake in a
portfolio of wind farms in the U.S. and Canada from Invenergy Wind
in transactions valued at a combined $2 billion.
Noble Group Launches Accounting Review
Commodities trader Noble Group Ltd. will launch an independent
review into its accounting, which has come under some scrutiny this
year, the company said Tuesday.