Tesco Nears $7 Billion South Korea Deal 

Retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations, in a deal that could be worth up to $7 billion.

 
Focus Media Comes Up With New Relisting Plan 

The Chinese outdoor-advertising-display company, which delisted in the U.S. in 2013, plans "reverse merger" with Shenzhen-listed Hedy Holding, after abandoning one with another Shenzhen-listed company.

 
Amgen to Help Develop Novartis's Pipeline of Alzheimer's Drugs 

Novartis AG will share the risks and rewards as Amgen Inc. will help develop its pipeline of experimental Alzheimer's disease drugs.

 
Deutche Bank Chief Hints at Reducing Stake in Chinese Lender 

Deutsche Bank's outgoing co-chief executive, Jürgen Fitschen, confirmed the cornerstones of the bank's new strategy while fueling speculation that the bank might reduce its 20% stake in China's lender Hua Xia.

 
Volkswagen Extends CEO Martin Winterkorn's Contract 

German car maker Volkswagen said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.

 
Asia Builds Bigger Profit for Lego 

Danish toy maker Lego outpaced the growth for building sets in the wider U.S. toy market, booking a 31% jump in first-half profit and a 23% rise in revenue.

 
Eurostar Services Disrupted After Migrants Seen on Tracks 

Passenger train traffic in the English Channel Tunnel was disrupted Tuesday night after migrants reached the rail tracks near the Calais train station on the tunnel's French side.

(END) Dow Jones Newswires

September 02, 2015 06:06 ET (10:06 GMT)