Shell to Lay Off Another 2,200 Staff

Shell plans at least another 2,200 job cuts this year in the face of low oil prices while integrating its recent acquisition of BG Group.

Mitsubishi Motors Posts Loss Over Scandal, Warns on Costs

Mitsubishi Motors posted a $174 million special loss and warned that related costs could balloon further as it grapples with the fallout from a fuel economy testing scandal that has led to the resignation of its president.

Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil Field

Investment represents one of the first big commitments by a large oil company to spend on new crude production following a two-year-long slump in oil prices.

Express Cuts Guidance Amid Sales Growth Slump

Express slashed its guidance for the year and gave a bleak outlook for the current quarter as the apparel chain reported disappointing sales growth in the most recent quarter amid a tough retail environment.

Washington, California Sue Johnson & Johnson Over Vaginal Mesh Implants

Washington state and California sued Johnson & Johnson on Tuesday, saying that for years the company misrepresented the risks of vaginal mesh implants it sold to repair pelvic collapse.

Stada Arzneimittel Holds Buyout Talks With CVC Capital

Stada Arzneimittel has been holding informal talks with private equity firm CVC Capital Partners over a potential buyout that could value the Germany generic drug maker at roughly $4.1 billion.

Singapore Exchange in Exclusive Talks to Buy Baltic Exchange

Singapore's stock exchange has entered into exclusive talks to buy the Baltic Stock Exchange, a deal that could put the nearly 300-year-old London exchange under new ownership.

EU Could Force Netflix to Fund European Films

The European Unionproposed legal changes that could force Netflix and other online-video providers to help finance European-made films.

M&S Earnings Tumble, Profit Warning Rattles Investors

One of Britain's best-known retailers saw a steep drop in full-year profit and warned that earnings would stay squeezed as it works to revive its struggling Clothing and Home arm.

Swiss Bank Is Charged Over 1MDB Dealings

Authorities in Switzerland and Singapore took action against Swiss private bank BSI SA for allegedly failing to prevent suspected money laundering and bribery related to its dealings with a Malaysian development fund.

Huawei Sues Samsung Alleging Patent Infringement

China's Huawei has filed a lawsuit in the U.S. alleging that Samsung infringed a number of patents covering mobile devices and cellular-communications technology.

Korean Shipbuilder STX Bound for Receivership

South Korea's STX Offshore & Shipbuilding Co. will likely be put under court receivership after years of financial aid failed to keep it afloat.

(END) Dow Jones Newswires

May 25, 2016 08:00 ET (12:00 GMT)