(Reuters) – European shares climbed on Friday, as optimistic investors gauged the potential impact of a week-long Lunar New Year holidays after China lifted its COVID-19 curbs, even as concerns over global economic slowdown continued to sap sentiment. The pan-European STOXX 600 was up 0.2% at 0813 GMT, boosted by banks and industrials. China-exposed luxury …
European shares gain on China’s reopening optimism Read More »
By Maria Martinez BERLIN (Reuters) -German producer prices rose in December at a slower rate than the previous month as inflation eases in Europe’s largest economy due in part to lower energy prices, data showed on Friday. Producer prices of industrial products rose 21.6% on the same month last year, the federal statistics office reported, …
German producer prices rose in December but at slower pace Read More »
STOCKHOLM (Reuters) – Game maker Rovio said on Friday its board was evaluating a sweetened bid for the company received a day earlier from Playtika and had not yet determined whether or how to proceed with it. Finland’s Rovio, the producer of Angry Birds, said in a statement it was currently not engaged in any …
Angry Birds maker Rovio contemplating sweetened offer from Playtika Read More »
(Reuters) – Land Securities Group Plc, Britain’s top commercial property landlord, has appointed broadcaster Channel 4’s Ian Cheshire as its next chairman, the company said on Friday. The new Landsec chairman takes over the mantle at a time when UK commercial property values are seeing a slump, pressured by rising interest rates and broader economic …
British property major Landsec names Ian Cheshire as next chairman Read More »
ZURICH (Reuters) – ABB has sold its power conversion business to AcBel Polytech Inc for $505 million, the Swiss engineering and technology company said on Friday. The sale is the last part of ABB’s measures to trim its portfolio of companies which saw it sell its power transmission unit Dodge and spin off its turbocharging …
ABB sells its power conversion division for $505 million Read More »
By Jonathan Stempel (Reuters) -A new U.S. lawsuit on Thursday accused Germany’s Bayer AG of illegally excluding a Virginia farmworker from a settlement over claims its Roundup weedkiller causes cancer, because she is not a U.S. citizen. The complaint said Elvira Reyes-Hernandez, who used Roundup while working on tree farms before being diagnosed with non-Hodgkin’s …
Bayer sued for barring non-U.S. citizen from Roundup settlement Read More »
(Reuters) -Playtika Holding Corp on Thursday sweetened its offer for Finnish game maker Rovio, best known for its “Angry Birds” franchise, to 683 million euros ($737.50 million), as a consolidation in the industry gathers pace. The offer values each share of Rovio at 9.05 euros, about 60% higher than the company’s closing price on Jan. …
‘Angry Birds’ maker Rovio gets sweetened $738 million offer from Playtika Read More »
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Netflix Inc co-founder Reed Hastings announced on Thursday he will step down as chief executive, handing the reins of the streaming service to his longtime partner and co-CEO, Ted Sarandos, and the company’s chief operating officer, Greg Peters. Shares of the company, which had fallen …
Reed Hastings steps down as Netflix CEO as company posts subscriber gains Read More »
By Jessica DiNapoli and Uday Sampath Kumar (Reuters) – Tide detergent maker Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits. P&G’s sales volumes fell 6% in its second quarter ended …
P&G raises sales forecast on price hikes, sees volumes fall Read More »
(Reuters) – UK’s Chancellor Jeremy Hunt has warned Conservative MPs not to expect tax cuts in his March Budget, the Financial Times reported on Thursday. Some Conservatives want to start reducing taxes now, but Hunt told MPs this week it would be irresponsible to do so in his March budget at a time of high …
UK’s chancellor warns not to expect tax cuts in March budget -FT Read More »
