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. Last Updated: 07/27/2016

For the Record

Saudi Prince al-Walid ibn Talal announced in Riyadh on Tuesday his acquisition of more than 3 percent of the British group Cordiant, the parent company of advertisers Saatchi and Saatchi, for $40 million.

U.S. Federal Reserve Chairman Alan Greenspan is scheduled to make a three-day visit to China this week for talks with China's top finance officials, as well as President Jiang Zemin, officials in Beijing said Tuesday.

In New Jersey, Merck & Co. Inc. said Tuesday it had signed an agreement to sell its agricultural crop protection business to Novartis AG of Switzerland for $910 million. The unit makes products that protect crops against mites, insects and fungi.