Bloomberg Hinduja Group India Ltd., owned by the billionaire Hinduja brothers, is considering buying a majority stake in state-owned MauBank Ltd. of Mauritius, according to two people with knowledge of the matter. Selling control of MauBank would enable the Mauritian government to recoup some of the money its used to bail out the lender. The state has spent $182 million ...

Bloomberg United Parcel Service (UPS) Inc. is suing the European Union for 1.7 billion euros ($2.1 billion) in compensation for the damage it says it suffered when regulators wrongly vetoed its attempted takeover of parcel delivery rival TNT Express NV. UPS is asking the EU’s General Court to award it compensation plus interest and taxes it would pay on any ...

Bloomberg General Electric Co.’s boss wants investors to know that all the negative headlines dogging the manufacturer don’t tell the whole story. The company is already changing for the better after “a very tough year,” CEO John Flannery plans to say in an upcoming letter to shareholders. GE is rethinking its structure, cutting costs and enhancing management accountability. It’s also ...