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Mall Operator Westfield Agrees to Takeover Bid Valued at $16 Billion

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Westfield, the Australian operator of marquee malls from California to New York's World Trade Center, agreed to a $15.7 billion takeover offer from European shopping-center giant Unibail-Rodamco.

Facebook to Give Countries a Chance to Tax Its Profits From Local Ads

Facebook plans to book more revenue in the countries where it sells ads, becoming the latest tech company to bow to pressure from nations to simplify its tax structure and potentially pay more income tax overseas.

Nintendo Looks for Help to Raise Its Smartphone Game

Nintendo is looking to expand tie-ups with software developers to strengthen its smartphone-game lineup after an early alliance aimed at cracking the mobile market fell behind schedule, people familiar with the matter said.

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GE Probed Who Knew About Spare Jet for Immelt

General Electric recently conducted an internal review into the flying of a spare business jet to accompany former CEO Jeff Immelt, as it seeks to understand an unusual practice that went on for years and surprised investors when they learned of it in October.

Canada Warns Boeing in Launch of New Aircraft Competition

Canada said it intends to launch a competition next year to buy 88 new jet fighters that threatens to penalize bidders that cause "harm" to its economy -- another warning to Boeing Co. to drop its trade complaint against Canada's Bombardier Inc.

Saudi Aramco Ramps Up Spending to Over $40 Billion a Year

Saudi Arabian Oil Co. unveiled a plan to invest more than $40 billion a year in projects over the next decade, a significant expansion for the world's largest energy company ahead of its expected public listing.

Sterling Bay in Advanced Talks to Buy Groupon Building in Chicago

Sterling Bay, one of Chicago's most active real-estate developers, is in advanced talks to buy Groupon's headquarters for more than $515 million from Sam Zell's Equity Commonwealth, according to people familiar with the matter.

Electric-Vehicle Boom Is a Boon for Coal King Glencore

Glencore, long known as one of the world's dominant coal traders, in a twist is finding itself the beneficiary of the greening of the global economy.

Interpublic Names New CEO at Martin Agency

Interpublic Group of Cos. named Kristen Cavallo chief executive of the Martin Agency,, the ad agency behind Geico and Wal-Mart Stores advertising.

Net Neutrality: A Case Study With JetBlue and Amazon

On a JetBlue flight, you might notice something that looks like a net-neutrality boogeyman: prioritization of Amazon videos over other services on the airline's in-flight Wi-Fi network. It isn't a violation of net neutrality but it helps explain why some fear lifting such rules will harm the internet, and why others aren't worried at all.

(END) Dow Jones Newswires

December 12, 2017 17:15 ET (22:15 GMT)