Mercedes-Benz, BMW and Volkswagen all posted declines in overall vehicle sales and saw demand drop in China in the second quarter, but experienced diverging fortunes in the hotly contested electric-vehicle market.
Devon Energy has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion.
David Ellison’s production company would buy Shari Redstone’s National Amusements, Paramount’s controlling shareholder, as part of the deal.
The country’s auto market is rapidly electrifying, with help from state subsidies, and local electric-vehicle makers have grabbed a significant share of the market.
Samsung said there were no immediate disruptions to production.
The Danish brewer agreed to buy London-listed soft drinks maker Britvic as part of a plan to expand in the non-alcoholic beverage market and reduce reliance on beer sales.
