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Bloomberg After two failed attempts in as many years, Schneider Electric SE is betting a deal to combine its industrial software business with the UK’s Aveva Group Plc will create a market leader in programs to design and operate power plants and factories. Schneider and Aveva unveiled on Tuesday an agreement by which the French company will receive a 60 ...

Bloomberg Apple Inc. is selling bonds again to finance its current round of share buybacks and dividends. The iPhone maker is offering the debt in as many as five parts, according to a filing. The longest portion of the sale, a 30-year security, may yield 1.125 percentage points above Treasuries, down from initial talk of around 1.25 percentage points, according ...

Bloomberg Symantec isn’t done making deals. The 35-year-old cybersecurity company, which completed two multibillion-dollar acquisitions over the past 14 months, is open to another large purchase after a period of paying down debt and proving to Wall Street it can meet growth targets, Chief Executive Officer Greg Clark said. “There are things that could absolutely change everything in the industry ...

Bloomberg Houston restaurateur Tilman Fertitta is buying the Houston Rockets for $2.2 billion, according to people familiar with the deal. The price would be a new high for the National Basketball Association, breaking the $2 billion Steve Ballmer paid for the Los Angeles Clippers in 2014. Rockets owner Les Alexander announced in July that he was selling the franchise, which ...

LONDON / Reuters OPEC members’ compliance with the agreement to reduce output has improved in recent months, Iran’s oil minister said, noting that unofficial talks were underway among the oil producing countries to extend the cuts next year. Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd, while Russia and some other non-OPEC producers ...

Bloomberg Saudi Arabia raised oil pricing for October sales to Asia, increasing its lighter grades for a second consecutive month, in an indication the world’s largest crude exporter sees strengthening demand in its biggest market. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, increased its official pricing for Arab Light crude to Asia by 55 cents to 30 cents ...

Bloomberg The biggest independent refiner in US says operator of the nation’s largest gasoline pipeline is blocking its efforts to supply more fuel to East Coast in the aftermath of Harvey. Two of Valero Energy Corp.’s Gulf Coast refineries kept operating throu-ghout the storm, churning out gasoline. After US government waived fuel specifications, allowing refiners to ship winter-grade gasoline two ...

LONDON / Reuters Iraq’s Kurdistan is poised for a major increase in gas output following the settlement of a court case with developers who are now looking to unlock the full potential of the region’s large resources, investor Dana Gas told Reuters. The semi-autonomous region settled a case with the Pearl Consortium last week by paying $1 billion to its ...

CAIRO / Reuters Egypt’s tourism revenues jumped by 170 percent in the first seven months of 2017, reaching $3.5 billion, a government official told Reuters, in welcome news for an economy heavily reliant on the sector for foreign currency and jobs. The number of tourists visiting Egypt rose by 54 percent in the same seven-month period on an annual basis ...

Bloomberg Japan Post Holdings Co. will announce plans for a share sale by the government as early as Sept. 11, almost two years after the postal and financial-services giant was listed, people with knowledge of the matter said. The Ministry of Finance plans to offer about 1 trillion yen to 1.4 trillion yen ($9.1 billion to $12.8 billion) of Japan ...