Sumitomo Mitsui Financial Group Inc (8316.T) will announce as soon as next week that it will buy Citigroup Inc's (C.N) Japanese consumer banking business, Bloomberg reported, citing people with knowledge of the matter.
Sectors
Saving Sears: Eddie Lampert's complicated dance
Tax rules and concerns about Sears Holdings Corp's (SHLD.O) tenuous financial condition may force CEO Eddie Lampert to do a complicated dance as he plans to spin off the retailer's best real estate into a separate trust.
New Scotland Yard, storied London police headquarters, sold to Abu Dhabi investor
New Scotland Yard, the headquarters of London's storied police force and one of the British capital's most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.
Intel unveils platform to simplify connectivity of products
Intel Corp on Tuesday unveiled a new platform to make it easier for companies to create Internet-connected smart products using its chips, security and software.
Belden to buy cybersecurity firm Tripwire for $710 million
Belden Inc, a maker of networking and cable products, said it will buy Tripwire, a Portland-based cybersecurity firm, for $710 million. Belden said the transaction will add 65 cents per share to adjusted income from continuing operations in 2015.
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A French-American software start-up is to launch the world's first mainstream automatic password changer in an attempt to remove the all-too-human frailty that has rendered the phrase "computer security" a worrying oxymoron.
Amazon.com Inc added a new feature to its website on Tuesday that allows customers to bid for lower prices on more than 150,000 items, including fine art and rare coins, sold by third-party vendors.
Armchair travelers can visit the world's tallest skyscraper and inspect one of the largest shopping malls with the addition of Dubai to Google Street View, Google said on Tuesday.
Hyundai Motor Co is recalling 42,925 sedans in the United States due to potentially faulty brake lights, according to documents filed with U.S. safety regulators.
U.S. Representative Joe Barton will introduce a bill on Tuesday to lift the 40-year ban on exports of crude oil, but the measure has almost no chance of passing due to lawmaker concerns about fuel prices and costs to refiners.
British industrial output unexpectedly fell in October as manufacturing was dragged down by a sharp fall in production of electronic products following a strong September.
Oil production from the United States' biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new U.S. projections released on Monday that highlighted a slow response to tumbling prices.
Portland sued Uber on Monday to stop the fast-growing ride-hailing service from operating in the Oregon city until it follows local regulations.
As the buyer's market widens into the Sundance Film Festival's premieres section, returning independent filmmakers and controversial documentary subjects will take the spotlight, organizers announced Monday.
