Sumner Redstone's National Amusements, the majority shareholder of CBS Corp and Viacom Inc , said a merger of the two would offer substantial savings and that it would not support the acquisition of either company by a third party.
TOKYO All five bidders seeking to bail out Japan's beleaguered Takata Corp have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told Reuters.
MUMBAI/HONG KONG Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said, as the world's biggest retailer aims to break into a fast growing but highly competitive online retail market.
Discount broker Scottrade Financial Services Inc is working with an adviser to explore a sale that could value the firm at about $4 billion, Bloomberg reported, citing people familiar with the matter.
LONDON At least four private equity funds including BC Partners are in talks to buy a majority stake in Italy's fourth-biggest supermarket chain Esselunga in a deal worth up to 6 billion euros ($6.7 billion), sources familiar with the matter told Reuters.
Sumner Redstone's National Amusements Inc is preparing to call on CBS Corp and Viacom Inc to explore a merger, two people familiar with the matter said on Wednesday.
Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, the Financial Times reported on Wednesday, citing people briefed on the discussions.
Fast-casual restaurant chain operator Cosi Inc and its units filed for Chapter 11 bankruptcy protection on Wednesday and said it would pursue a sale.
BARCELONA Airbus Group Chief Executive Tom Enders is extending a promised overhaul of Europe’s largest aerospace group by promoting two top managers to oversee crucial functions like engineering as they usher the company into the age of Big Data.
Solar panel installer SolarCity Corp , which is in the process of being bought by Tesla Motors Inc , named Radford Small chief financial officer, replacing Tanguy Serra.
DURHAM, N.H. U.S. Democratic presidential nominee Hillary Clinton shared a stage with former rival Senator Bernie Sanders on Wednesday to appeal for youth votes in the Nov. 8 election as opinion polls show a close race with Republican Donald Trump. | Video