Lennar to Buy WCI Communities as Florida Recovery Continues

Lennar will buy WCI Communities in a move that combines two of the largest homebuilders in Florida.

Hanjin Shipping Shares Soar After Funding Offers

South Korea company. has been offered $100 million from its main creditor and largest shareholder to help get its stalled global supply chain moving.

Schlumberger Wins Part of $3.2 Billion Drilling Project in Venezuela

Schlumberger said Wednesday it has won a large project in Venezuela, just months after the company shut down some operations and fired hundreds of workers because of payment delays from the government.

Colonial Pipeline Co. Has Restarted Gasoline Pipeline

Colonial Pipeline Co. has restarted its main gasoline line, according to a source, but traders expect it could take more than a week to rebuild depleted inventories in the Southeast.

EDF Warns on Profit as Output Falls

State-controlled power utility Electricite de France cut its earnings outlook on expectations of lower nuclear output from an increase of plant outages, sending its share price down.

Maersk to Split in Two

Danish conglomerate Moeller-Maersk said it is splitting its operations into two separate divisions focused on transport and energy, as it battles with the worst shipping downturn in years.

Rolls-Royce CEO Replaces Finance Chief

Rolls-Royce Holdings PLC boss Warren East is replacing his finance chief in a move that amplifies the scale of the shake up under way at the British aircraft-engine makers after a series of profit setbacks and a dividend cut.

Rocket Internet's Portfolio Firms Narrow Losses

Rocket Internet, the German tech company specializing in cloning Web startups, said the combined loss of the biggest companies in its portfolio narrowed in the first half of the year on a 32% increase in aggregate revenue.

Itau in Talks to Buy Citigroup Brazil Unit

Brazilian banking giant Itau Unibanco Holding said it is in talks to acquire Citigroup Inc.'s consumer-banking operations in Brazil.

Samsung Extends Galaxy Note 7 Refund Period in South Korea

Regulators told Samsung, reeling from a global recall of its Galaxy Note 7 smartphone, to extend the refund period in South Korea and to beef up battery safety. In the U.S., Samsung said, 250,000 of the phones had been turned in.

Portugal's Banco BPI Clears Voting-Cap Hurdle, Making Way for CaixaBank Takeover

Shareholders of Portuguese lender Banco BPI approved the removal of a 20% voting-rights cap, paving the way for Spain's CaixaBank to advance with a fresh takeover offer for the lender.

Fountainvest Raises $2.1 Billion for New China Fund

The private equity fund will be among the largest China-focused funds and FountainVest's third fund raised since 2008.

(END) Dow Jones Newswires

September 22, 2016 08:15 ET (12:15 GMT)