EBay Nears Deal to Sell eBay Enterprise Unit for Around $900 Million
EBay Inc. is closing in on a deal to sell its eBay Enterprise unit to a group led by private-equity firm Permira for around $900 million , according to people familiar with the matter. (published 0222 GMT )
Rio Tinto Scales Down Iron Ore Shipment Target-- Update
Rio Tinto PLC expects to ship less iron ore than initially thought from its vast network of mines in remote northwest Australia this year, news that may offer a morsel of relief for investors and smaller producers worried about an emerging glut in the raw material. (published 0141 GMT )
EPA Sues Truck Maker Navistar Over Engines in 2010 Trucks
Truck maker Navistar International Corp. built thousands of heavy-duty trucks in 2010 with engines from 2009 that didn't comply with stricter government regulations on exhaust pollution, the U.S. Environmental Protection Agency alleged in a lawsuit filed Wednesday against the company. (published 0252 GMT )
Ayala Buys 50% Stake in Generika Drug Store
Philippine conglomerate Ayala Corp. said Thursday it has acquired a 50% stake in local drug store chain Generika. (published 0208 GMT )
Tenaga Nasional Shares Down as Much as 3.3% on 1MDB Power Plant Bid
Shares of Tenaga Nasional Bhd fell as much as 3.3% to a nine-month low after the power producer submitted an indicative nonbinding proposal to buy 13 power plants owned by debt-laden 1Malaysia Development Bhd , or 1MDB. (published 0207 GMT )
(END) Dow Jones Newswires
07-15-15 2300ET
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