Hermès Warns of Currency Pressure 

French luxury-goods company Hermès International warned that volatile currencies will erode its profitability in the second half of the year with profit seen rising more slowly than sales.

 
Google Rebuffs European Union on Antitrust Charges 

Google rebuffed the European Union's demand that it change the way it ranks online comparison-shopping services in its search results, setting up a potentially drawn-out legal battle.

 
China Huarong Asset Management Gets Approval for $3 Billion IPO 

A listing by China's largest bad-loan buyer by assets could be one of the biggest in the region this year.

 
UberChina Closing In on $1 Billion in New Funding 

The Chinese affiliate of Uber is close to securing about $1 billion in new funding from investors in the region, part of the ride-hailing company's rivalry with deep-pocketed Chinese rival Didi Kuaidi.

 
Mitsubishi Corp. to Take Strategic Stake in Olam International 

Japanese conglomerate Mitsubishi Corp. will take a strategic stake in Singapore-listed commodities trader Olam International Ltd. for the equivalent of $1.1 billion, the latest move by growth-hungry Japanese firms looking for opportunities beyond their home market.

 
United Continental, Activision to Join S&P 500 

United Continental Holdings and Activision Blizzard will join the S&P 500 while Pall and Hospira will leave the benchmark index.

 
FDA Approves Amgen's Cholesterol Drug 

The FDA approved Amgen's cholesterol-lowering drug on Thursday, teeing up a rivalry with a similar treatment that was approved just weeks earlier.

(END) Dow Jones Newswires

August 28, 2015 06:05 ET (10:05 GMT)