Macquarie Group Ltd. plans to cut about half of its investment-banking workforce in Asia as Chief Executive Officer Nicholas Moore reshapes the firm, people familiar with the matter said.
Oil headed for a third quarterly loss as Iran and world powers worked toward a nuclear deal that may lead to the OPEC member increasing crude exports.
UnitedHealth Group Inc. agreed to buy Catamaran Corp. for about $12.8 billion, bulking up its drug- benefits business to get better negotiating power in talks with pharmaceutical companies over prices.
Samsung Electronics Co., struggling to retain its place as the world’s largest smartphone maker, just had an $11 billion month.
U.S. airline shares are off to their worst start since 2011 amid concern that carriers are offering too many seats, chipping away at one of the industry’s most closely watched measures of sales.
American International Group Inc. said it sold part of its holding in PICC Property & Casualty Co., China’s biggest non-life insurer, for about $500 million.
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