Alibaba's Jack Ma, Joe Tsai to Borrow $2 Billion Against Shares 

Chinese e-commerce giant Alibaba's chairman and vice chairman, Jack Ma and Joe Tsai, are planning to borrow more than $2 billion in loans by using their shares in the company as collateral.

 
Japanese Banks Eye GE's Local Commercial Finance Operations 

Some of Japan's biggest banks were among bidders for General Electric Co.'s Japanese commercial finance business, which is expected to fetch several billion dollars.

 
Sears Hometown and Outlet Profit Plunges 

Sears Hometown and Outlet Stores' profit plunged by 55% in its latest quarter amid sales declines, while the retailer outlined plans to cut its expenses.

 
Argentina's YPF, Russia's Gazprom Move Toward Joint Venture 

Argentina's YPF SA and Russia's OAO Gazprom signed an agreement on Friday that could lead them to jointly develop unconventional gas projects in the South American country.

 
BASF, Gazprom Renew Abandoned Asset-Swap Plan 

Germany's BASF and Russia's Gazprom will complete an asset-swap deal signed in December 2013 but called off late last year amid mounting political tensions between Russia and the West.

 
GVC Wins Race to Acquire Bwin.Party 

GVC Holdings said it had clinched a deal to buy online gaming firm Bwin.party digital for $1.72 billion, beating rival bidder 888 Holdings to the post.

 
India's Cipla to Buy Two U.S. Firms for $550 Million 

Indian generic drugs major Cipla said it has agreed to buy two U.S. generic drug makers for $550 million in cash to scale up its drug offerings to American patients.

 
China's HNA Group to Acquire Avolon 

China's HNA Group agreed to buy aircraft lessor Avolon Holdings for about $2.6 billion, outbidding a state-owned suitor and highlighting the country's continuing thirst for new passenger jets.

(END) Dow Jones Newswires

September 04, 2015 08:05 ET (12:05 GMT)