Bloomberg TPG, the first major US private equity firm to invest in Myanmar after it emerged from military rule, is working on another landmark transaction in what’s become one of the world’s fastest-growing economies. It’s pursuing a deal to create Myanmar’s biggest independent owner of telecom towers as mobile-phone usage in the country soars, people with knowledge of the matter ...

Bloomberg Baidu Inc.’s Qi Lu, the former Microsoft Corp. executive hired to oversee virtually every aspect of its business, has stepped down from all active management roles less than two years after joining the Chinese internet search leader. The former group president and chief operating officer becomes the highest-profile executive to exit the company over the past few years. Lu, ...

Bloomberg Koo Bon-moo, the chairman of South Korea’s fourth-largest conglomerate who transformed a local producer of cheap appliance into a global tech and chemical powerhouse over two decades, has died. He was 73. Koo died Sunday at 9:52 am Seoul time as he did not seek extension of life after falling ill a year ago, according to LG Group in ...