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.

 
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.

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

J.P. Morgan, like other U.S. banks, is considering a new European financial home after Britain's exit from the EU-a decision complicated by uncertainty around Brexit negotiations, infrastructure needs, banking licenses and even schools for its staff's children.

 
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.

 
BlackRock Bets on Robots to Improve Its Stock Picking 
 

BlackRock unveiled an overhaul of its actively managed equities business that will include job losses, pricing changes and a greater emphasis on computer models that inform investments.

 
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.

 
Arab Nations Push to Develop Their Own Defense Industries 
 

Wealthy Gulf Arab nations are cultivating home-grown defense industries, posing a strategy question for global makers of defense products. The nations' rulers want to become less dependent on the U.S. and other Western countries, and they see defense as a sector that can help diversify their oil-based economies.

 
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/

 
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.

(END) Dow Jones Newswires

March 29, 2017 09:15 ET (13:15 GMT)