Amazon and Facebook Hit Unexpected Obstacle in India: China 
 

As the U.S.'s top tech brands ramp up their operations in India, they are running into unexpected resistance: their Chinese equivalents stepping in to bolster their Indian competitors with money and expertise.

 
J.P. Morgan Scours Europe for Best Post-Brexit Home 
 

A group of 75 J.P. Morgan staff spent the last nine months evaluating European cities on factors ranging from employment law to the frequency of flight delays at local airports. They are picking the bank's new homes after Brexit.

 
Tencent Hits a Speed Bump With Tesla 
 

The Chinese tech giant's $1.8 billion stake in the U.S. electric-vehicle company looks wasteful.

 
EU Blocks LSE, Deutsche Börse Merger 
 

The European Union's antitrust watchdog formally blocked the planned $28 billion tie-up between Deutsche Börse and London Stock Exchange Group after the parties failed to offer sufficient remedies to assuage antitrust concerns.

 
Chip Company MaxLinear to Buy Exar for $661.6 Million 
 

Semiconductor company MaxLinear Inc. said it would buy Exar Corp., another semiconductor-technology firm, for about $661.6 million in cash, as MaxLinear seeks to build scale to boost growth.

 
Shipping Technology Startup Freightos Raises $25 Million 
 

Shipping technology startup Freightos raised $25 million in a funding round led by General Electric Co.'s GE Ventures, the freight company said/

 
Toshiba's Westinghouse Electric Files for Bankruptcy Protection 
 

Westinghouse, a major player in global nuclear construction, filed for bankruptcy protection, raising questions about the fate of four half-finished reactors in the U.S.

 
FDA Approves Drug for Primary Progressive Multiple Sclerosis 
 

The FDA approved a Genentech multiple-sclerosis drug called Ocrevus, the first treatment for the most severe type of MS.

 
Judge Fines Bank of America $45 Million for Mistaken Foreclosure 
 

A bankruptcy judge issued a $45 million fine against Bank of America Corp., calling the bank's treatment of a California couple who fought to save their home "brazen" and "heartless."

 
Wells Fargo Reaches $110 Million Class-Action Settlement 
 

Wells Fargo & Co. has reached a $110 million tentative agreement to resolve a class-action complaint tied to the retail-sales scandal that has plagued the bank.

(END) Dow Jones Newswires

March 29, 2017 07:15 ET (11:15 GMT)