China to audit overseas assets of state-owned firms
The Chinese government will audit the overseas assets of state-owned enterprises, the regulator announced, as it tries to improve transparency and combat corruption.
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Four plaintiffs’ lawyers, including high-profile attorney David Boies, were appointed by a federal judge on Tuesday to lead civil litigation against Takata Corp and several car manufacturers for injuries caused by allegedly faulty air bags.
The boards of Lafarge (LAFP.PA) and Holcim (HOLN.VX) met separately on Tuesday to try and salvage their merger to create the world's biggest cement firm, two sources said.
Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the proposal "substantially undervalues" the company.
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