Alstom workers relieved as GE wins takeover bid
BELFORT France (Reuters) – For Alstom workers in eastern France, news that General Electric has beaten rival bidder Siemens to a tie-up with their firm has brought relief and a response perhaps best summed up by the saying “better the devil you know”.
Alstom workers relieved as GE wins takeover bid
BELFORT France (Reuters) – For Alstom workers in eastern France, news that General Electric has beaten rival bidder Siemens to a tie-up with their firm has brought relief and a response perhaps best summed up by the saying “better the devil you know”.
Honda and others recall nearly 3 million vehicles over air bag flaw
TOKYO/DETROIT (Reuters) – Honda Motor Co 7267.T and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp 7312.T, bringing the total recall so far to about 10.5 million vehicles o…
American Apparel says company not for sale
(Reuters) – American Apparel Inc’s co-chairman said on Monday the company was not for sale, had no need for immediate capital, and that the search for a new chief executive to replace ousted Dov Charney had generated “enormous interest.”
U.S. housing regaining footing as supply improves
WASHINGTON (Reuters) – U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/2 years, suggesting that housing was pulling out of a recent slump.
Oracle looks to boost growth with biggest deal in five years
(Reuters) – Oracle Corp said it would buy Micros Systems in a $5.3 billion deal as the world’s No.2 business software maker looks to boost flagging growth through acquisitions.
Popular buys Citi’s retail, credit card business in Spain
MADRID (Reuters) – Spain’s Banco Popular has agreed to buy Citi’s retail banking and credit card business in Spain, a sign that foreign banks are retreating from the country’s financial services market in the wake of the financial crisis.
Manufacturing picks up pace in leading economies; Europe lags
BEIJING/WASHINGTON (Reuters) – Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the U.S. factory sector in more than four years.
Alstom loss is PR win for new Siemens chief
MUNICH/FRANKFURT (Reuters) – Within weeks of taking the helm at Siemens in 2007, Peter Loescher splashed out $7 billion for U.S. diagnostics firm Dade Behring. It was the first of several acquisitions that went bad and ultimately cost the Austrian his …
BNP Paribas nears up to $9 bln settlement with U.S. authorities: source
(Reuters) – French bank BNP Paribas SA is likely to pay $8 billion to $9 billion as part of a potential settlement with U.S. authorities over violations of sanctions, according to a person familiar with the matter.
