Virgin Australia, reeling from a record annual loss, sold part of its frequent-flier business as it prepares for the next phase of a brutal battle for customers with Qantas.
Fiat said too few shareholders tendered their stock to block a reorganization that will create Fiat Chrysler Automobiles, a new company with a tax residency in the U.K.
Spanish telecommunications company Telefónica said it expects to complete the $9.82 billion acquisition of Vivendi's Brazilian unit, GVT, by mid-2015.
China is weighing a new tax on gasoline to fund efforts to make electric cars more palatable to consumers, according to the chairman of electric-car maker BYD.
Tesco issued its third profit warning in as many years and said it would slash its interim dividend and reduce capital expenditure as the struggling grocery giant battles fierce competition.
Standard & Poor's says it is confident Australia's Senate will approve sufficient budget savings to bring about a meaningful repair of the country's fiscal position, which will support its AAA rating.
French luxury-goods company Hermès International warned that currency shifts will continue to drag on its full-year profit margin, even though it recorded a rise in first-half profit and sales.
Pernod Ricard confirmed it will cut around 900 jobs globally, having posted a drop in full-year profits as it continues to fight a sharp decline in sales in China.
Google's advanced-research lab said it is developing a system of drones to deliver goods. Rival Amazon.com is also testing delivery drones, and Domino's tested delivering pies via drone in 2013.
As Alibaba courts investors for a highly anticipated IPO next month in the U.S., Wal-Mart is busy trying to win over online shoppers in the Chinese e-commerce company's backyard.