Nokia and Apple Move From Courtroom Foes to Business Partners 
 

Nokia and Apple have settled long-running intellectual property disputes and agreed to a multiyear patent license, moving from courtroom foes to business partners.

 
China Life Buys Sprawling Portfolio of Small Market U.S. Real Estate 
 

China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for real estate in markets they mostly have ignored until now.

 
Ford Replaces CEO Amid Pressure on Profit, Share Price 
 

Ford is replacing CEO Mark Fields with Jim Hackett, who heads its innovation unit. The company has been considering leadership changes amid dissatisfaction with the stock price and a drive to clarify strategy.

 
Ford Looks to New CEO Jim Hackett For 'Tech-Savvy Energy' 
 

Jim Hackett likes to talk about "design thinking" and "fitness of use." His test now as new Ford CEO is to translate those catch phrases into meaningful change at the auto giant.

 
Chevron Tax Strategy Faces Crackdown 
 

A tax dispute between Australia and Chevron has the potential to cost the company billions of dollars and open a new front in global efforts to crack down on aggressive tax strategies used by many multinationals.

 
Brazilian Meatpacker JBS Shares Fall 30% Amid Insider-Trading Accusations 
 

Shares of Brazilian meatpacker JBS plunged more than 30%, costing the company about $2 billion, after President Michel Temer accused its owners of insider trading as part of a bitter battle over the country's corruption scandal.

 
Maxus Energy Wins Court Approval of Chapter 11 Plan 
 

Maxus Energy Corp. won confirmation Monday of a chapter 11 liquidation plan that spells out how its assets will be used to address New Jersey's contaminated Passaic River.

 
Another Gloomy Day for Amgen 
 

Nothing is going right for Amgen these days. It now says its experimental osteoporosis treatment, Evenity, is unlikely to win approval from the Food and Drug Administration this year.

 
CBS Extends Leslie Moonves's Contract Through 2021 
 

CBS said it reached a two-year contract extension with Chief Executive Leslie Moonves, who is now expected to stay with the media company through June 30, 2021

 
Amid Slide in DVD Sales, Redbox to Rent Some Movies Sooner 
 

Redbox got a boost in its efforts to compete with digital outlets Monday as Hollywood's largest studio agreed to make its movie discs available earlier in the company's movie-rental kiosks.

(END) Dow Jones Newswires

May 23, 2017 07:15 ET (11:15 GMT)