Two companies owned by Mexican billionaire Carlos Slim will invest up to 700 million euros ($875.4 million) in FCC in exchange for 25.6% of the debt-laden Spanish builder.
Rio Tinto PLC approved a $350 million extension at a remote subarctic diamond mine in Canada that the resources group controls with Dominion Diamond.
Wal-Mart Stores Inc. is cutting nearly 30 directors and midlevel managers in China, where the retailer is pushing to contain costs and improve slumping sales.
Many of Asia’s aging tech titans found that leaving the companies they founded or helped build is proving to be as difficult a task as building their empires.
GoPro is developing its own line of consumer drones to expand from its core business of making wearable video cameras popular with surfers and other sports enthusiasts.
Salesforce.com gave Chief Executive Marc Benioff a nearly 8% raise in salary and target bonus and awarded him stock options with an indicated value of roughly $33 million.
AT&T backpedaled from a threat to freeze the rollout of its ultrafast Internet service because of uncertainty around the government’s net-neutrality rules.
Real-estate investment trust American Realty Capital Properties Inc. said Wednesday that its board hasn’t yet determined when its annual shareholders meeting will take place.
Avanir Pharmaceuticals, which previously said the FDA had questions about “human factor” study data for a migraine treatment, said it will provide new data.
A federal appeals court on Wednesday threw out antitrust claims by phone maker Motorola Mobility that sought damages from Asian electronics companies for alleged price fixing on liquid-crystal-display panels.