British education company Pearson
said on Wednesday it would sell its remaining 25% stake
in publisher Penguin Random House to German partner Bertelsmann
, generating net proceeds of about $675 million.
A year-long review into Britain's
audit sector has recommended a breakaway from the accounting
profession and the creation of a standalone industry with its
own governing principles to root out bad practice that has
rocked the sector in recent years.
Japan's Hitachi Ltd said
on Wednesday it would sell its listed chemicals unit and
diagnostic imaging business in a deal totalling 673 billion yen
($6.2 billion), as the Japanese industrial conglomerate
overhauls its business portfolio.
Hitachi Ltd said on
Wednesday it would sell its listed chemicals unit to electronic
materials maker Showa Denko for 494 billion yen ($4.55
billion) as the Japanese industrial conglomerate overhauls its
U.S. electric vehicle maker Tesla Inc
is considering cutting the prices of its China-built
Model 3 sedans by 20% or more next year, Bloomberg reported on
Wednesday, citing people familiar with the plans.