Record Bids in U.S. Airwave Auction

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A U.S. auction of wireless spectrum has collected $34 billion in bids, turning what was expected to be a relatively sleepy affair into a major windfall for taxpayers and posing enormous commitment of capital for the carriers.

Aviva Eyes Friends Life Group

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Aviva announced plans for a £5.6 billion takeover of Friends Life Group in an all-share deal that it said would create the largest insurance, savings and asset-management company in the U.K.

Honda in Talks on Air-Bag Fix

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Honda is in talks with several air-bag suppliers besides Takata about securing replacement parts for vehicles recalled over defective Takata-made air bags, people knowledgeable about the matter said.

Is This Indonesia's Own Amazon.com?

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Online retailer Lazada Indonesia has faced challenges in a country where the e-commerce market is still small. But the startup’s backers are plowing ahead, hoping to get a head start over Amazon, Alibaba and eBay.

Elite Law Firms Lift Bonuses

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Three big law firms, Simpson Thacher, Paul Weiss and Clearly Gottlieb, are raising year-end bonuses for associate attorneys by as much as $40,000, partly reflecting this year’s resurgence in lucrative M&A work.

Dow Chemical, Loeb Settle Board Dispute

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Dow Chemical and Dan Loeb’s Third Point settled a looming proxy fight Friday by adding four new directors next year, including two the activist investor had proposed.

European Telecoms Bet on 4G

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Iliad and other European telecom groups are rushing to invest in data-handling capabilities and faster fourth-generation wireless networks, as consumers use their phones more as devices for messaging apps and video.

Why Barnes & Noble Is Selling Beer Kits

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Barnes & Noble is diversifying into gifts like popcorn makers and turntables for the holidays, part of a new merchandising strategy as it tries to reverse declines in store traffic and prepares to split up.

European Critics Envision Google's 'Unbundling'

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Some European legislators, with German government backing, are preparing a draft resolution calling for the breakup of Google, adding pressure on the EU’s new competition chief to proceed forcefully.

U.S., Mexico Agree on Greater Access for Airlines

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The U.S. and Mexico have reached an aviation agreement that will expand access for passenger and cargo airlines flying between the two countries, the State Department said Friday.

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