Foxconn raises offer for Sharp to $5.44 billion: WSJ
(Reuters) – Taiwan’s Foxconn Technology Co Ltd has raised its offer for troubled Japanese electronics maker Sharp Corp to 659 billion yen ($5.44 billion), a deal that would dilute existing stockholders, the Wall Street Journal reported citing people fa…
Colgate-Palmolive sales miss on strong dollar, weak LatAm demand
(Reuters) – Colgate-Palmolive Co reported lower-than-expected sales for the last quarter of 2015, hurt by a strong dollar and weak demand in Latin America.
Whirlpool forecasts 2016 profit largely below estimates
(Reuters) – Whirlpool Corp forecast 2016 earnings largely below Wall Street estimates, and said unit shipments in Brazil would fall by 10 percent this year.
Global funds cut U.S. equity holdings, raise cash: poll
LONDON (Reuters) – Global investors cut their U.S. equity holdings and raised their cash levels in January, a Reuters poll of fund managers showed on Friday, as the S&P 500 suffered its worst January since 2009 and global stocks shed over $8 trillion.
Worried analysts question Amazon’s logistics plans
SAN FRANCISCO (Reuters) – In the wake of Amazon.com Inc’s disappointing financial results that sent shares plunging Thursday, analysts blamed rising costs to deliver goods, which increased to $4.5 billion in the quarter, up 24.4 percent from the same q…
Sony says bracing for smartphone slowdown after sensor sales dip
TOKYO (Reuters) – Sony Corp , widely regarded as a key supplier of image sensors for Apple Inc’s iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter.
China shares rally, but biggest monthly drop in seven years
SHANGHAI (Reuters) – Chinese shares closed sharply higher on Friday, recovering some of the week’s losses, but still recorded their biggest monthly fall in about seven years, which has knocked 12 trillion yuan ($1.8 trillion) off the value of its bench…
Toyota to buy out rest of Daihatsu for $3 billion amid push into compact cars
TOKYO (Reuters) – Toyota Motor Corp , the world’s largest automaker, said it would buy out the rest of minivehicle unit Daihatsu Motor Co – an all-stock deal worth about $3 billion and part of its strategy to strengthen its push into compact cars for e…
Xerox to split in two; give Icahn three board seats: WSJ
(Reuters) – Xerox Corp will split into two companies and give activist investor Carl Icahn three seats on the board of one of the companies, the Wall Street Journal reported.
Airbus says chief tech officer to leave in April
PARIS (Reuters) – Airbus said on Friday it had accepted the resignation of chief technical officer Jean Botti who will leave the planemaker in April after almost 10 years in the company.
