Deals

Samsung Electronics to buy Brazil printing solutions firm

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SEOUL - South Korea's Samsung Electronics Co Ltd said on Saturday that it would acquire Brazilian printing solutions company Simpress, the latest deal by the tech giant to bolster its business-to-business operations.

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Panasonic withdraws from TV production in China: source 7:03am GMT

TOKYO - Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure.

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Qatar Airways takes $1.7 billion stake in British Airways: owner IAG 30 Jan 2015

LONDON/BERLIN - Qatar Airways has bought a stake worth about 1.15 billion pounds ($1.7 billion) in the owner of British Airways and Iberia, aiming to forge closer links to a group with two major European hubs and strong transatlantic networks.

GFI Group shareholders reject proposed CME Group takeover 30 Jan 2015

CHICAGO - GFI Group Inc shareholders on Friday voted down a proposed takeover by CME Group Inc , the companies said, opening the door for a hostile bid from rival BGC Partners.

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Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval 12:00am GMT

WASHINGTON - Food distributor Sysco Corp and its biggest rival, US Foods Inc , have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters.

UAW says has tentative four-year contract deal with Navistar 30 Jan 2015

DETROIT - The United Auto Workers union and Navistar International Corp have reached a tentative four-year contract agreement, the union said on Friday.

Gene-therapy company Spark Therapeutics shares double in debut 30 Jan 2015

- Shares of Spark Therapeutics Inc more than doubled in their debut, valuing the gene-therapy company at nearly $1.5 billion and underscoring investor's interest in the field that recently produced a million-dollar drug.

Cencosud sees up to $3 billion in investment through 2018 30 Jan 2015

SANTIAGO - Latin American retailer Cencosud said on Friday that it would make investments of up to $3 billion through 2018, and forecast up to $21 billion in revenues this year.

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Sun Pharmaceutical wins U.S. approval to buy Ranbaxy 30 Jan 2015

WASHINGTON - India's Sun Pharmaceutical Industries Ltd has won U.S. approval to buy Ranbaxy Laboratories Ltd on condition that it sell its interest in a generic antibacterial medicine, the U.S. Federal Trade Commission said on Friday.

Germany's Continental AG closes Veyance deal 30 Jan 2015

FRANKFURT - German automotive supplier Continental AG said it concluded the acquisition of U.S. rubber company Veyance Technologies on Friday after receiving the conditional approval of Brazil's anti-trust regulator.