Xiaomi Smartphone Sales Signal Slowing Growth
China's Xiaomi reported smartphone sales of 34.7 million units
in the first half of the year, less than half its full-year
target.
Samsung Deal Not Supported by Proxy Adviser
Glass Lewis said Samsung C&T shareholders should reject a
merger plan with the Samsung conglomerate's de facto holding
company, Cheil Industries.
GE's Divestiture Plans Hit Hurdles
The Justice Department sued to block General Electric's planned
$3.3 billion sale of its appliance business to Electrolux, leaving
the company with marquee deals in regulatory limbo on two
continents.
Electrolux Vows to Complete GE Deal
Electrolux boss Keith McLoughlin has vowed to press ahead with
the $3.3 billion purchase of General Electric's appliance business
despite Wednesday's move by the Department of Justice to try to
block the deal.
Amadeus Buys Into Low-Cost Carriers With Navitaire Deal
Amadeus IT Holding agreed to pay $830 million for Accenture's
Navitaire unit, giving the Spanish travel technology provider a
bigger foothold in the low-cost airline market.
Justice Department Probes Airlines for Collusion
The Justice Department is investigating whether U.S. airlines
colluded on expansion plans, amid concerns from consumer advocates
and politicians that the industry is trying to control capacity to
keep airfares high.
Hewlett-Packard Officially Files to Split
Hewlett-Packard took a big step toward its Nov. 1 breakup by
filing paperwork with the SEC that outlines the two businesses it
plans to create.