Hong Kong’s Citic Pacific Ltd. agreed to pay 226.9 billion yuan ($36 billion) to buy Chinese banking and brokerage assets from its state-owned parent, underscoring China’s push to loosen control over the economy.
Alibaba Group Holding Ltd. is planning to award about one-third of the fees for its initial public offering in the form of incentive bonuses to coax better performance from underwriters, people with knowledge of the matter said.
As the rest of the housing industry recovers, a little-known firm with a key role in U.S. mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees.
Google Inc. Chief Legal Officer David Drummond is among the six people chosen by Sacramento Mayor Kevin Johnson to serve on the committee that will help pick the next executive director of the National Basketball Association players’ union.
Telkom SA SOC Ltd. Chief Executive Officer Sipho Maseko faces referral to South Africa’s national prosecutor or a fine if he fails to attend a corporate governance course as ordered, a state department said.