Volkswagen Global Sales Fall

German car maker Volkswagen said group sales declined 6.6% in August, with only China seeing a rise in new deliveries. 


 
Moderna's Covid-19 Vaccine Study Results Could Come in Late October

A large, pivotal study of Moderna's Covid-19 vaccine could yield a preliminary answer about whether the shot works safely as early as October, though it's more likely to be November, the company's leader said. 


 
SoftBank Sells Brightstar, Carrying On Its Divestiture Spree

Japan's SoftBank continued a remarkable string of asset sales, saying it is selling U.S.-based wireless-services unit Brightstar to a private-equity firm founded by a former Brightstar executive. 


 
Ericsson Accelerates 5G With Cradlepoint Buy

Ericsson announced the acquisition of Cradlepoint, a U.S.-based provider of wireless internet connectivity products, for an enterprise value of $1.1 billion. 


 
CaixaBank, Bankia Agree Merger Terms

The boards of CaixaBank and Bankia have approved a merger that will create a leading Spanish domestic lender with assets of more than EUR650 billion. 


 
LSE in Borsa Italiana Talks with Euronext

London Stock Exchange has entered into exclusive talks with Euronext for the sale of Borsa Italiana, having received and reviewed a number of proposals from interested parties for MTS and the Italian exchange. 


 
China's EV Champion Bets Big on a Different Flavor of Battery

Auto maker BYD is betting on older battery technology, re-engineered for better range, to undercut competitors 


 
UPS Offering Buyouts to Management Workers

The delivery giant plans the offers as Chief Executive Carol Tomé aims to trim payroll costs. 


 
PG&E CFO Leaving for Another Utility

PG&E's finance chief, Jason Wells, who helped the utility negotiate its exit from bankruptcy, plans to depart after nearly five years in the role. 


 
Judge Rejects Hertz's 'Offensive' Bankruptcy Bonuses

"It seems offensive to give senior executives bonuses when they were paid" retention compensation immediately before the bankruptcy was filed, Judge Mary Walrath said Thursday in U.S. Bankruptcy Court in Wilmington, Del.