Business
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Avnet Inc to sell its IT business to Tech Data Corp for $2.6 billion
Sep 19, 2016News Hour: U.S. electrical components distributor Avnet Inc said it would sell its IT business to technology products distributor Tech Data Corp for about $2.6 billion. Avnet, whose IT business has competed with Tech Data for... -
Acquisition of SolarCity could be delayed due to lawsuits, says Tesla
Sep 19, 2016News Hour: Elon Musk-led Tesla Motor Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed due to shareholder lawsuits challenging the deal. The company said four lawsuits were filed in Delaware between... -
Asian markets rose as traders gear up for huge central bank meetings
Sep 19, 2016News Hour: Asian markets mostly rose on Monday as traders gear up for huge central bank meetings in the US and Japan this week, hoping authorities press on with their loose monetary policies. Concern that years... -
China agreed to invest $450 billion for the modernization of agriculture industry
Sep 18, 2016News Hour: The Agricultural Development Bank of China, one of the country’s main policy lenders, agreed to loan at least 3 trillion yuan ($450 billion) by 2020 for the modernization of China’s agriculture industry, state media... -
LafargeHolcim to consider withdrawing from several countries
Sep 18, 2016News Hour: LafargeHolcim is considering withdrawing from several markets as part of its efforts to make last year’s mega-merger a success, Chairman Beat Hess told weekly Sonntagszeitung. “We will be present in fewer countries for sure,”... -
Samsung Electronics sold shares in four companies
Sep 18, 2016News Hour: Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses.... -
Oil prices sank lower on gloomy market forecasts
Sep 17, 2016News Hour: World oil prices sank lower this week on gloomy market forecasts, profit-taking and ever-present worries over the global supply glut, ahead of a producers’ meeting on September 26-28. The Paris-based International Energy Agency (IEA)... -
Initial quantities of the iPhone 7 Plus sold out, Apple says
Sep 15, 2016News Hour: Initial quantities of the iPhone 7 Plus have sold out globally as Apple Inc prepares to roll out its new gadget in stores, the company said on Wednesday. Supplies of the larger size of... -
World Bank President Jim Yong Kim effectively won a second five-year term
Sep 15, 2016News Hour: World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed on Wednesday with no other candidates proposed. The World Bank executive board said... -
Oil prices edged up after tanking the previous day
Sep 15, 2016News Hour: Oil prices edged up after tanking the previous day but the gains were limited following fresh US stockpiles data and the prospect of a boost in Libyan output, reports BSS. Both main contracts tumbled...
