SINGAPORE - Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a fresh 5-1/2 year high and clinging to its gains as the Bank of Japan stood pat after unleashing massive stimulus last month.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Discover gets antitrust OK for Diners Club buy
WASHINGTON (Reuters) - Discover Financial Services (DFS.N) has received U.S. antitrust approval to acquire the Diners Club International card business from Citigroup (C.N), U.S. officials said on Tuesday.
Antitrust authorities completed their review of the $165 million deal without taking any action to block it, the U.S. Federal Trade Commission said in a daily notice listing deals that have been cleared by antitrust officials.
In April, Citigroup agreed to sell its Diners Club International credit card network to Discover. Diners Club generates more than $30 billion of annual card volume outside North America, which will help Discover expand its global presence, especially among business travelers.
(Reporting by Julie Vorman, editing by Gerald E. McCormick)
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