Wanda Sells Hotel, Theme-Park Management Business to Hong Kong Unit
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Dalian Wanda Group is transforming its publicly listed Wanda Hotel Development unit in Hong Kong into a business that manages hotels and theme parks in a deal valued at more than $1 billion.
Facebook Hits Play on Watch, Its Video Tab
Facebook is redesigning its video tab, now dubbed Watch, to bring its original programming front-and-center and will includes section that showcase videos a user's friends are watching or those that spark a lot of debate on the platform.
21st Century Fox Earnings Buoyed by Cable TV Business
Higher advertising and distribution fees for its cable channels drove up 21st Century Fox Inc.'s results in the most recent quarter, helping it deliver a modest earnings beat.
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SEC Delays Decision on Sale of Chicago Stock Exchange to Chinese Investors
The Securities and Exchange Commission said it would postpone approval of the sale of the Chicago Stock Exchange to a group led by Chinese investors, despite a recommendation from its staff to certify the deal.
Mylan Defers Product Launches
Mylan NV said it wouldn't launch any major new drugs in the U.S. market this year, deferring the introduction of two highly anticipated generic drugs amid regulatory uncertainty.
New GE Chief Delays Part of Boston HQ
General Electric Co. has delayed the completion of its new Boston headquarters in an effort to spread out the costs of the $200 million project, as new CEO John Flannery looks to cut spending.
Amazon and Tencent Back Smartphone Maker Essential
The startup founded by Google Android's creator has raised $300 million in funding.
Apple Supplier Japan Display Open to Foreign Lifeline
The smartphone-screen maker won't rule out a partnership with a Chinese or Taiwanese company to survive-a departure from its original aim of being Japan's national champion in the display business.
Vantiv Seals $10 Billion Worldpay Deal
Ohio-based Vantiv agreed to acquire U.K. payments processor Worldpay Group for about $10.4 billion in cash and stock, one of the biggest deals in the fast consolidating sector.
Canadian Private-Equity Giant Catalyst Accused of Fraud by Whistleblowers
Authorities are looking into complaints from whistleblowers who say Catalyst Capital Group and its publicly traded lending arm artificially inflated the value of some of its assets and deceived borrowers about the terms of loans.
(END) Dow Jones Newswires
August 10, 2017 01:15 ET (05:15 GMT)