CAR Inc. to Invest in a Chinese Chauffeured Car Operator
CAR Inc. agreed to invest in a Chinese chauffeured car operator
for $125 million, as it seeks to tap the nation's growing demand
for chauffeured car services. (published 0229 GMT)
Sinopec Engineering (Group) Signs Three Pacts Totaling $1.88 Billion
Sinopec Engineering Co. said Wednesday it signed a $220 million
contract to develop a petrochemical plant in Thailand, as well as
two contracts worth a total of 10.31 billion yuan in China.
(published 0039 GMT)
GE's Divestiture Plans Hit Hurdles
The Justice Department sued to block General Electric Co.'s
planned $3.3 billion sale of its appliance business to Electrolux
AB, leaving the company with marquee deals in regulatory limbo on
two continents. (published 0000 GMT)
Proxy Advisory Firm Recommends Shareholders Reject Samsung Merger
Samsung C&T Corp.'s proxy advisory firm Glass Lewis &
Co. recommended that shareholders reject a proposed merger with
Cheil Industries Inc., the Samsung conglomerate's de facto holding
company, complicating an attempt by Samsung's controlling family to
restructure its corporate empire. (published 0029 GMT)
Facebook to Share Ad Revenue With Video Creators
Facebook Inc. users watch videos four billion times a day across
the social network. Now, Facebook is getting serious about making
money from that vast audience. (published 0238 GMT)
New Zealand's Restaurant Brands Upbeat as Sales Improve
WELLINGTON, New Zealand---Restaurant Brands New Zealand Ltd., a
fact food chain operator, is upbeat on the current financial year
as sales trends have improved into the second quarter. (published
0227 GMT)
BBMG: Jiang Weiping Resigns as Chairman
Jiang Weiping has resigned as chairman of BBMG Corp. upon
reaching retirement age, and the company's current president, Jiang
Deyi, has been appointed to succeed him, according to a public
filing Wednesday. (published 0011 GMT)
PayPal to Buy Online Money-Transfer Company Xoom -- 2nd Update
PayPal Holdings Inc. has agreed to buy online money-transfer
company Xoom Corp. for $890 million in an all cash deal, marking
incoming chief Dan Schulman's first big move ahead of his company's
planned spinoff from eBay Inc. later this month. (published 0005
GMT)