Bloomberg GrandVision NV surged after Ray-Ban sunglasses owner EssilorLuxottica SA began takeover talks in a deal that would value the smaller Dutch eyewear retailer at about $8 billion. EssilorLuxottica is holding talks with GrandVision’s controlling shareholder, HAL, to buy the firm’s approximately 77 percent stake, HAL said in a statement in response to a Bloomberg report, which was confirmed later …

Bloomberg Australia and New Zealand grounded Gippsland GA8 Airvan planes over safety concerns after a deadly crash in Sweden this month killed nine. Australia’s Civil Aviation Safety Authority (CASA) halted operations of the planes made by Gippsaero Pty Ltd for 15 days, it said, adding it has sent an airworthiness engineer to Sweden to observe the crash investigation and collect …

Bloomberg Swatch Group AG shares gained after the Swiss watchmaker said it’s cracking down on unauthorised sales in an attempt to fetch higher prices. The owner of Omega and Tissot reported a decline in first-half sales as it took aim against so-called gray-market distributors that have eroded its pricing power. It also suffered from a drop of more than 10 …