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SoftBank to Offer to Buy Uber Shares at Roughly 30% Discount

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SoftBank has told stakeholders in Uber that it will initially offer to buy shares at a nearly 30% discount to the company's most recent valuation of $68 billion.

Wells Fargo Bankers, Chasing Bonuses, Overcharged Clients

Employees say lofty rewards tied to revenue pushed foreign-exchange staff to ignore agreed-upon fees. Years of whispers were confirmed in a conference call.

Microsoft Adds SAP as Cloud Partner to Challenge Amazon

Microsoft signed up business-software vendor SAP as a cloud partner, its latest effort at using alliances to challenge Amazon's dominance in the market for web-based, on-demand computing resources.

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Auto Executives Meet With Pence on Nafta

Top executives from Detroit's auto makers met with Vice President Mike Pence in Washington Monday, reiterating concerns that potential changes to Nafta could disrupt the industry's intricate supply chains.

Société Générale Plans to Cut Jobs, Bank Branches

Société Générale said it plans to book a EUR400 million fourth-quarter charge as it intends to eliminate up to 900 additional jobs amid a continuing restructure of its French retail bank network.

BHP Billiton Targets More Cost Cuts in Australia

BHP Billiton aims to cut costs further across its Australian mining operations, targeting another 10% drop in unit costs over the medium term and US$1.6 billion in additional productivity gains over the next two years.

Tumblr CEO David Karp to Leave Blogging Site He Founded

Tumblr Chief Executive David Karp said he is stepping down from the blogging site he founded nearly 11 years ago.

Nordic Capital Said to Be Close to Deal for Ullink

European buyout firm Nordic Capital is close to acquiring Ullink from Hg Capital in a deal that could value the provider of electronic-trading software at around $650 million

German Political Limbo Settles EU Dispute Over Monsanto Weedkiller

A yearslong dispute among European Union nations, American corporations and environmental groups over a controversial weedkiller was settled Monday in a surprise move by Germany.

Illinois Sues Uber, Senators Ask for Answers

Uber Technologies is facing mounting pressure from regulators and lawmakers over the year-old data breach it disclosed last week that affected some 57 million riders and drivers.

(END) Dow Jones Newswires

November 28, 2017 01:15 ET (06:15 GMT)