Bloomberg Konecranes Oyj shares soared after the crane maker agreed to buy a lifting-gear business from Terex Corp. for about $1.3 billion, abandoning a full merger plan and paving the way for China’s Zoomlion Heavy Industry Science & Technology Co. to buy the rest of the U.S. company. Konecranes will pay $820 million in cash and 19.6 million shares …

  Bloomberg Brazil’s state-controlled oil company Petrobras is advancing asset sales to reduce the biggest debt load in the oil industry after three quarters of straight losses. Brazil’s deepest recession in a century is curbing lucrative fuel imports and eroding profit at Rio de Janeiro-based Petroleo Brasileiro SA. The company’s net loss was 1.25 billion reais ($360 million), or 10 …

  Bloomberg Safra Catz emerged as the highest-paid U.S. female executive in fiscal 2015 when she became co-chief executive officer of Oracle Corp. Catz was awarded a $56.9 million pay package last year, placing her first among women on the Bloomberg Pay Index, a ranking of the 200 best-paid executives at companies that trade on U.S. exchanges. Her pay included …