Petrobras Gets $3.5 Billion Financing from China Development Bank

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Brazilian state-run oil firm Petroleo Brasileiro SA, or Petrobras, on Wednesday said it signed a contract to obtain financing worth $3.5 billion from state-owned China Development Bank.

Sarepta Therapeutics CEO Chris Garabedian Resigns

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Sarepta Therapeutics said Chief Executive Chris Garabedian resigned, following tension between the biotech and the U.S. Food and Drug Administration over a key muscular dystrophy drug. Chief marketing officer Edward Kaye will take over as interim CEO.

Macau's Glitter Fades as Beijing Takes Firmer Hand

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After more than a decade of breakneck growth that made it the world’s largest market for casinos, Macau is under siege from China’s anticorruption campaign and a breakdown in its system of junkets.

Bright House Deal Advances Malone's Cable Ambitions

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John Malone missed out on acquiring Time Warner Cable, but his deal to buy Bright House Networks is putting him back at the center of the cable industry’s transformation.

Monsanto Profit Falls 15% on Weak Sales

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Monsanto said its earnings fell 15% in the February quarter as sales weakened, farmers planted fewer acres and a stronger U.S. dollar pressured results.

Hong Kong Broadcaster to Shut Down

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Hong Kong’s Executive Council won’t renew the free-to-air license of Asia Television when it expires Nov. 30. The station will be allowed to broadcast until April 1, 2016.

Wal-Mart Ratchets Up Pressure on Suppliers

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Wal-Mart is telling suppliers to forgo investments in joint marketing with the retailer and plow the savings into lower prices instead.

Sears Details Store-Unloading Plan

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Sears Holdings announced plans to raise more than $2.5 billion by transferring properties to a new trust and agreed to partner with General Growth Properties on a real estate venture.

Macellum Criticizes Christopher & Banks Board in Letter to Chairman

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Macellum Advisors GP LLC has criticized the board of women’s retailer Christopher & Banks Corp. and suggested it consider a potential sale, in a letter addressed to chairman Paul Snyder.

Uber Files Complaints Against European Governments Over Bans

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Uber has filed complaints against three European Union governments with regulators in Brussels after the U.S. car-hailing service faced bans for offering certain services in a number of European countries.

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