A jury in Hong Kong found Thomas Kwok, the co-chairman of one of Hong Kong’s biggest property developers, guilty in a corruption trial involving the city’s former No. 2 official, but found his brother, Raymond, not guilty.
Dollar General said Friday that it is still in discussions with U.S. regulators about its unsolicited offer to buy Family Dollar Stores, but it didn’t elaborate on what divestitures regulators may require to approve the deal.
Paychex said higher revenue thanks to a new health-insurance product in its human-resources segment helped drive results in the second quarter, a sign the company’s strategy to diversify its offerings is paying off.
Celgene said Friday a European regulatory committee has given a favorable opinion of its blood-cancer drug, a positive indicator the European Commission could approve the drug for use in untreated cases.