Nissan says August China auto sales up one percent
SHANGHAI (Reuters) – Nissan Motor Co Ltd and its local joint-venture sold 86,000 automobiles in China in August, up 1 percent from a year earlier, the Japanese automaker said on Tuesday.
Honda says August China auto sales down 2.5 percent on year
SHANGHAI (Reuters) – Honda Motor Co Ltd and its two local joint-ventures sold 55,553 automobiles in China in August, down 2.5 percent from a year earlier, the Japanese automaker said on Tuesday.
U.S. consumer firm Jarden to buy Yankee Candle for $1.75 billion: WSJ
(Reuters) – U.S. consumer products company Jarden Corp has agreed to buy scented candle maker Yankee Candle Company Inc for $1.75 billion, the Wall Street Journal reported, citing people familiar with the matter.
Nokia CEO Elop to move to Microsoft, chairman to take over
HELSINKI (Reuters) – Nokia said its chief executive, Stephen Elop, will move to Microsoft Corp when the deal to acquire Nokia’s handset business is closed.
China services sector grows steadily as government measures kick in
BEIJING (Reuters) – China’s services sector grew steadily in August as domestic demand picked up, official data showed on Tuesday, adding to signs that government measures have started to steer the world’s second-largest economy out of its longest slow…
Citigroup sheds more than $6 billion in PE, hedge fund assets: WSJ
(Reuters) – Citigroup Inc has sold more than $6 billion in private equity and hedge fund assets in the past month to comply with new regulations that limit such investments, the Wall Street Journal reported, citing people familiar with the transactions…
Expert networks: thriving in Asia, away from U.S. scrutiny
SINGAPORE/HONG KONG (Reuters) – Expert networks – a matchmaking service linking investors such as hedge funds with company insiders – are under scrutiny from regulators in the United States, but are expanding across Asia, where the market for corporate…
Verizon markets $61 billion bridge loan for Vodafone deal: sources
NEW YORK (Reuters) – Verizon Communications Inc has started syndicating the $61 billion bridge loan backing its $130 billion buyout of Vodafone Group’s stake in its U.S. wireless business, banking sources said, adding that some of the loan may actually…
Insight: Verizon, Vodafone CEOs talked in gym, agreed on price at breakfast
(Reuters) – In the end, all it took was a workout session in the gym followed by conversation over breakfast at San Francisco’s Four Seasons hotel for Verizon Communications Inc’s Lowell McAdam and Vodafone Group Plc’s Vittorio Colao to bridge a $30 bi…
Verizon, Vodafone agree to $130 billion Wireless deal
LONDON/SAN DIEGO (Reuters) – Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history’s third largest corporate deal announcement to bring an end to an often tense 14-year marr…
