Rio Tinto Faces Delays, Added Costs for Big Copper-Mine Project 
 

Rio Tinto said it will take longer and cost more than expected to finish building one of the world's biggest copper mines in Mongolia's remote southern Gobi desert.

 
Prologis to Buy Warehouse Owner Industrial Property Trust 
 

Prologis has agreed to buy real-estate investment trust and warehouse owner Industrial Property Trust in a deal valued at $3.99 billion including debt, the company said Monday.

 
Blackstone Buying Ad-Tech Startup Vungle for About $750 Million 
 

The deal valued the San Francisco startup at about $750 million, according to a person familiar with the matter. Blackstone is acquiring essentially all of the equity from investors, the person added.

 
LVMH Buys Minority Stake in Stella McCartney House 
 

LVMH Möet Hennessy Louis Vuitton bought a minority stake in the British fashion house set up by Stella McCartney, giving the French luxury company a high-profile vehicle to tap growing demand for high-end clothing marketed as sustainable.

 
AB InBev Might Take Longer to Cut Debt After Pulled IPO of Asia Unit 
 

Anheuser-Busch InBev's finance chief will likely need more time to bring down the brewer's debt and have less room for mergers and acquisitions after management decided to pull a highly anticipated IPO of a subsidiary, analysts said.

 
Société Générale Sued Over Seized Cuban Bank 
 

The lawsuit, filed last week in federal court in Florida, is among the latest since the U.S. lifted the suspension of a provision of the 1996 Helms-Burton Act.

 
L Brands CEO Les Wexner Says He Didn't Know About Jeffrey Epstein's Behavior 
 

L Brands founder and longtime CEO Leslie Wexner said he wasn't aware of his former money manager Jeffrey Epstein's alleged criminal behavior, breaking his silence on the matter to say that his "heart goes out to each and every person who has been hurt."

 
Blackstone Close to Deal to Buy CRH Division 
 

Global buyout firm Blackstone Group is in advanced talks to buy the European distribution arm of CRH, one of the world's largest building-materials suppliers.

 
PG&E Makes Thousands of Repairs 
 

California utility PG&E said it is working to fix nearly 10,000 problems it discovered throughout its electrical system as it steps up efforts to prevent its equipment from sparking more wildfires.

 
Quibi to Create Daily News Show With NBC 
 

Quibi will launch a twice-daily news show in partnership with NBC News, part of a strategy to lure viewers to its short-form streaming service every day.

(END) Dow Jones Newswires

July 16, 2019 01:00 ET (05:00 GMT)