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Expedia, Inc. (EXPE) said it has sold its 62.4 percent majority stake in eLong, Inc. (LONG), a leading online travel company in China, to several purchasers based in China, including Ctrip.com International, Ltd. (CTRP), Keystone Lodging Holdings Limited, Plateno Group Limited and Luxuriant Holdings...

Chinese online travel services provider Ctrip.com International Ltd (CTRP) Friday announced that it has acquired a 37.6% equity stake in eLong, Inc. (LONG) for a total purchase price of approximately $400 million. . The company acquired eLong shares from certain selling shareholders, including Expedia,...

Advertising giant WPP Group Plc. (WPP.L, WPPGY) Friday said its subsidiary Always Marketing Services, China's leading field and shopper marketing company, has agreed to acquire 3ree, an integrated marketing company based in Singapore. Founded in 2010 by Tan Li Li and Isabel Cheong, 3ree offers event...

AXA Group (AXAHY.PK) announced it has entered into an agreement with SulAmérica S.A. to acquire 100% of its Large Industrial and Commercial risks insurance subsidiary, SulAmérica Companhia de Seguros Gerais, for 40 million euros. The scope of the transaction includes Marine Hull, Marine Cargo and Property. The...

China Nepstar Chain Drugstore Ltd. (NPD) reported the resignation of Fuxiang Zhang as the company's Chief Executive Officer for personal reasons, effective immediately. Rebecca Yingnan Zhang has been appointed as Chief Executive Officer by the company's board of directors, effective immediately....

Swiss luxury goods group Compagnie Financiere Richemont AG (CFRUY.PK) Friday said its full-year profit declined to 1.334 billion euros from 2.067 billion euros reported last year. Prior-year results have been restated. Attributable profit dropped to 1.334 billion euros from 2.072 billion euros. Earnings...

HSBC Holdings plc (HSBA.L, HSBC) confirmed the Group is exploring various strategic options for its operations in Brazil, including a potential sale. HSBC noted that, at present no decision has been made to proceed with any transaction and the company will make a statement if or when appropriate.

German vacuum pumps maker Pfeiffer Vacuum Technology AG (PFFVF.PK, PVTCY.PK) said that following the approval of shareholders, a dividend of 2.65 euros per share would be paid out on May 22. In his speech at the Annual General Meeting held Thursday, Manfred Bender, CEO of Pfeiffer Vacuum, said, "We...

Plantronics, Inc. (PLT) said it has authorized the repurchase of an additional 4 million shares of its common stock. Under the new share repurchase authorization, Plantronics may from time to time purchase shares of its common stock, depending upon market conditions, in open market or privately negotiated...

China Lodging Group, Limited (HTHT), a multi-brand hotel group in China, said it has appointed Hui Chen as Chief Financial Officer, effective May 22. In her new role, she will report to Jenny Zhang, President of the company. Chen has been Executive Vice President of Finance since January. Chen has...

Italian insurer Assicurazioni Generali Spa (ARZGY.PK) announced a strategic business repositioning in Germany. This aims at enhancing the competitive position of the group in the German market by the end of 2018 through a simpler and business-focused governance, a new business model in Life insurance...

Oil and gas producer Vanguard Natural Resources, LLC (VNR) has agreed to acquire Eagle Rock Energy Partners L.P. (EROC) in a deal valued at about $614 million, including the assumption of debt, the two companies said Thursday. This is Vanguard's second acquisition within a month, after the company...

China Lodging Group Limited (HTHT) announced that it has appointed Hui Chen as Chief Financial Officer, effective May 22, 2015. In her new role of Chief Financial Officer, Chen will report to Jenny Zhang, President of the Company. Chen has been Executive Vice President of Finance since January...

Tobacco companies Reynolds American, Inc. (RAI) and Lorillard, Inc. (LO) are set to receive antitrust clearance for their proposed merger as early as next week following a lengthy ten-month regulatory review, according to a Wall Street Journal report on Thursday. The deal is expected to be approved...

Federal Communications Commission Chairman Tom Wheeler allayed fears about the uncertainty related to the regulatory climate for future cable deals, according to a Wall Street Journal report on Thursday. The move follows recent public statements from cable executives that expressed concerns on how...

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