Daimler Faces Diesel-Engine Fraud Investigation 
 

German prosecutors launched an investigation into allegations that an undisclosed number of Daimler sfaff may have committed fraud linked to sales of the company's diesel-powered cars.

 
Can This Man Save Macy's? 
 

The new CEO of Macy's discusses his plans for the iconic department store to stay atop a shrinking market.

 
South Korean Shipbuilder Offered $2.6 Billion Bailout 
 

Daewoo Shipbuilding & Marine Engineering has been hurt by massive losses at its offshore projects.

 
Lotte Chairman Explains Why He's Putting an Antimissile Battery on his Golf Course 
 

Since South Korea's government identified a Lotte-owned golf course as a site for a U.S.-built missile-defense system, the country's fifth-largest conglomerate has become a test case of China's ability to wage economic warfare against its neighbors to further its objectives.

 
Tencent Hires Baidu's Big-Data Director, Betting on Artificial Intelligence 
 

In a sign of its ambition to compete more in artificial intelligence, Tencent Holdings Ltd. says it has hired Zhang Tong, a Stanford-trained researcher who formerly led Baidu's Big Data Lab, to oversee its fledgling AI program.

 
Oak Hill to Buy Checkers Drive-In Restaurants in $525 Million Deal 
 

Checkers Drive-In Restaurants has agreed to be sold to private-equity firm Oak Hill Capital Partners in a $525 million deal.

 
Microsoft Licenses Patents to Toyota In Bid For Bigger Car-Tech Role 
 

Microsoft agreed to license a batch of patents to Toyota as part of the software giant's effort to leverage its vast intellectual-property portfolio to become a key provider of connected-car technology.

 
Tronc Top Investors Face Off in Bitter Feud 
 

Ousted Tronc director Patrick Soon-Shiong added to his stake in the Los Angeles Times publisher, setting up for showdown with its biggest shareholder and chairman Michael Ferro.

 
Hartford Financial Ends $15 Billion Fund Fight 
 

The Hartford Financial Services Group Inc. is withdrawing a request to replace dozens of funds available to its variable-annuity customers, ending a nearly $15 billion tussle with a fund firm that stood to lose assets.

 
Bebe Stores Hire Advisers as Retail Shakeout Continues 
 

Bebe Stores hired financial advisers to help it explore strategic alternatives, but people close to the matter don't foresee a chapter 11 filing in the near future.

(END) Dow Jones Newswires

March 23, 2017 09:15 ET (13:15 GMT)