Howard Schultz to Step Down as Starbucks Chairman
Howard Schultz is stepping down as chairman of Starbucks Corp., the international behemoth he built that transformed the way Americans drink coffee.
Cerberus Bids for Abraaj's Private Equity Business
Cerberus Capital Management on Monday offered $125 million to acquire the private-equity business of embattled Abraaj Group of Dubai, people familiar with the matter said, amid a fight with creditors over Abraaj's debt-restructuring plan.
Apple Unveils Ways to Help Limit iPhone Usage
Apple unveiled controls to help curb the amount of time users spend on iPhones and iPads.
SocGen Reaches Agreements on Libor, Libya Litigation
Société Générale SA France will pay $860 million to settle with U.S. and French authorities regarding its alleged manipulation of Libor rates and transactions involving Libyan counterparts.
Twitter to Join S&P 500
Twitter Inc. is slated to join the S&P 500 before trading opens on Thursday, according to S&P Dow Jones Indices, as the social-media platform replaces Monsanto Co. on the widely watched index.
Peugeot to Halt Iran Investments
French auto maker Peugeot said it was halting investments in Iran to comply with U.S. law after the Trump administration's decision to withdraw from the Iranian nuclear accord.
Microsoft to Buy GitHub for $7.5 Billion
Microsoft is acquiring the software-code repository, a move that could help the tech giant convince more developers to create applications for its cloud-computing business.
U.K. Government to Sell 7.7% Stake in RBS
The U.K. government said Monday it will sell a 7.7% stake in Royal Bank of Scotland Group PLC, pushing on with a plan to shed its ownership in the Scottish bank at a loss.
Walmart Sheds Majority Stake in Brazil Operation
Walmart has reached a deal to sell a majority of its Brazil operations to private-equity firm Advent International, as the global retail giant scales operations in markets where it has struggled.
Chinese State-Owned Developer Pulls Out of San Francisco Project
A major Chinese state-owned property developer has pulled out of a large-scale biotech industrial park project in San Francisco, becoming the latest Chinese firm to scale back ambitious real-estate investments in the U.S.