HOSPIRA MAY BUY DANONE MEDICAL-NUTRITION UNIT FOR $5 BILLION
Hospira Inc. has emerged as a bidder for Danone SA's
medical-nutrition unit in a deal that could be worth about $5
billion and mark the latest in a flurry of so-called inversion
deals designed to sidestep U.S. taxes, according to a person
familiar with the matter. (published 0001 GMT)
JD.COM, TENCENT TO PRESELL MICROSOFT'S XBOX IN CHINA
Tencent Holdings Ltd. will use its alliance with online retailer
JD.com Inc. to sell in advance Microsoft Corp.'s Xbox One consoles
in China, as it ramps up efforts to compete with
electronic-commerce giant Alibaba Group Holding Ltd. in China's
online-shopping market. (published 0107 GMT)
LEIGHTON HOLDINGS' PROFIT FALLS 20%--UPDATE
Leighton Holdings Ltd.'s first-half net profit fell 20%, though
the company signaled progress in weathering a global-mining
slowdown by sharpening focus on major construction contracts,
including airports and Asian casinos. (published 0142 GMT)
NAB TO SELL PARCEL OF U.K. COMMERCIAL REAL-ESTATE LOANS -- UPDATE
National Australia Bank Ltd. has agreed to sell a GBP625 million
basket of mainly distressed U.K. loans to private-equity firm
Cerberus Global Investors, further distancing the Australian bank
from a business that has weighed on it for years. (published 0114
GMT)
NAVITAS ANNUAL NET PROFIT FALLS 31% AS KEY UNIVERSITY DEAL ENDS
Education services provider Navitas Ltd. said its annual profit
fell 31% to 51.6 million Australian dollars as costs rose and it
lost a key contract with Australia's Macquarie University.
(published 0005 GMT)