Cheung Kong Bids $5.4 Billion for Australia's Duet Group 
 

Cheung Kong Infrastructure has bid about $5.4 billion for Australian pipeline operator and power distributor Duet Group, in another attempt by Hong Kong billionaire Li Ka-shing to strengthen his company's position in the country.

 
Apple Signals Interest in Self-Driving Software 
 

Apple confirmed for the first time its interest in autonomous-vehicle technology, but it remains unlikely the company will design or build a complete car.

 
Pratt & Whitney Union Members Approve Five-Year Contract 
 

Workers at jet-engine maker Pratt & Whitney ratified a five-year contract Sunday, avoiding a potential labor dispute when the company is trying to increase production of new engines for commercial airliners.

 
Don't Hold Your Breath on Fannie Mae and Freddie Mac 
 

Comments by Steven Mnuchin have excited holders of Fannie Mae and Freddie Mac shares, but the two companies' fates are far from decided.

 
Smithfield Takes Aim at Carbon Emissions 
 

Smithfield Foods plans to cut a quarter of its carbon emissions over eight years, working with onetime environmental critics on a move the pork producer hopes will trim costs and burnish its brand.

 
Fitbit's Challenge: Become a 'Need-to-Have' 
 

As growth slows and the novelty of wearable fitness gadgets fades for many customers, the company is trying to position its products as health tools that measure long-term conditions.

 
Australia and China Remove Passenger Limits on Air Routes 
 

In a boost for tourism, a new agreement removes previously existing restrictions and will allow airlines to fly an unlimited number of passengers between the two countries.

 
Airbnb Won't Pursue Legal Case Against New York Over Rental Law 
 

Airbnb Inc. agreed to drop a lawsuit against New York City over recently enacted legislation that will fine hosts there for listing many common short-term rentals.

 
David Sacks Stepping Down as Zenefits CEO 
 

He confirmed he is stepping down as chief executive of Zenefits, less than a year after taking over the troubled health-benefits broker.

 
Wal-Mart Reaches Settlement in Same-Sex Spouse Benefits Complaint 
 

Wal-Mart Stores Inc. reached a tentative agreement to settle a class-action complaint that accused the retailer of discriminating against gay employees and their spouses by denying them health benefits.

(END) Dow Jones Newswires

December 04, 2016 21:00 ET (02:00 GMT)