Luggage company Samsonite Corp. said it agreed to be acquired by CVC Capital Partners Ltd. For $1.1 billion on Thursday.
Shares of Hilton Hotels Corp. skyrocketed in Thursday trading after the hotel firm said late Tuesday to be acquired by private equity giant Blackstone Group for $26 billion, including debt.
JAL President Haruka Nishimatsu said Wednesday the company is considering ways to make job cuts ahead of schedule and also reduce retirement benefits by 10 percent, according to Japanese daily Nikkei.
Nissan Motor Co. and Mitsubishi Motors Corp. are looking to boost their exports SUVs and midsize sedans from U.S. factories to Middle East and Russia due to increased demand, reported Nikkei on Thursday.
Toyota and Ford, two of the world's three largest auto makers, reported strong first-half sales in China's fast-growing market, where as relative newcomers they are competing to roll out new models to attract customers.
Jones Apparel Group Inc. (JNY.N: Quote, Profile, Research) said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd. to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the upscale clothing chain for $825 million.
The Nomura Holdings Inc. group became the top securities underwriter, merger and acquisition adviser in value in the first half of 2007, according to Thomson Financial rankings covering transactions.
Australian fund manager Caledonia (Private) Investments Pty. Ltd. said on Thursday it would vote against Chicago Mercantile Exchange Holdings Inc.'s US$10.5 billion offer to buy CBOT Holdings Inc.
Chrysler Group, owner of the Jeep and Dodge brands, reported Tuesday that June sales dropped on continuing slower sales of its larger vehicles.
French food giant Groupe Danone said on Tuesday that it is in exclusive talks to sell its global cookie business to U.S. rival Kraft Foods, Inc. (NYSE: KFT) for $7.2 billion in cash.
BMW, the world's largest premium carmaker, and its closest rival, Mercedes-Benz, are in negotiations over a partnership to build subcompact cars, German motor magazine Auto Bild reported.
Hong Kong property firm Chinese Estates Holdings Ltd. is in talks with investors on a possible buyout of the firm, valued at more than US$4 billion, sending its shares up as much as 30 percent to a record high.
U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp. for about $20 billion plus debt, the richest in a series of recent private equity offers for hotel companies.
General Electric Co. expects to increase its revenues in stable developing countries like Turkey at a rate of two or three times their gross national product (GNP) growth, a regional director said on Wednesday.
The New York Times just moved into a new $600 million, 52-story building and all people want to talk about is the mice. Or the leaks. Or the screwy elevators.
U.S life insurer Prudential Financial Inc. is in the final stages of picking an Indian company to form an asset management joint venture to break into the market, an executive said on Wednesday.
The cars could arrive within 30 months, as ambitious Chinese rivals race to penetrate the world's big auto markets.
Progress made by Britain's Barclays in its offer for ABN AMRO demonstrates its ability to offer the Dutch bank's shareholders certainty and deliverability, Chief Executive John Varley said on Wednesday.
Makers of some of Europe's most famous wines tried to cork an EU plan to drastically cut production, saying on Wednesday it would jeopardise centuries of tradition.
U.S. private equity firm Apollo Management unveiled a $6 billion bid proposal for Huntsman Corp on Wednesday, 8 percent higher than a deal accepted by the U.S. chemical company last week.
Toyota Motor Corp. rattled Detroit-based automakers in June with generous discounts on its new Tundra pickup truck, but said on Tuesday it had no plans to compete on price in other areas of a weakening U.S. vehicle market.
Despite more aggressive discounts, Ford Motor Co. and Chrysler Group on Tuesday reported lower U.S. sales for June, underscoring the drag on the U.S. auto industry from high gas prices, fierce competition and a weak housing market.
Alcan said the company had no reason for any further discussion with Alcoa 'at this time.'
French food group Danone is in exclusive talks to sell its biscuit and cereal snack unit for 5.3 billion euros ($7.2 billion) in cash to Kraft Foods Inc., the world's biggest cookie maker, they said on Tuesday.
Royal Bank of Scotland (RBS.L: Quote, Profile, Research) and its partners seeking to buy Dutch rival ABN AMRO for 71 billion euros ($96.6 billion) do not know many of the key facts relating to their target, documents showed on Tuesday.
Heart risks associated with Merck & Co.'s painkiller Vioxx began much sooner than the company has claimed, The Wall Street Journal Online reported on Tuesday, citing a new study.
Fast food chain Jack in the Box Inc. on Monday said a U.S. court denied rival CKE Restaurants Inc.'s motion for a preliminary injunction that would have forced Jack in the Box to stop airing a TV ad mocking CKE's Angus hamburgers.
U.S. buyout firm Cerberus Capital Management won approval from the European Commission on Tuesday to buy U.S. carmaker Chrysler from DaimlerChrysler.
United Capital Markets Holdings Inc. has stopped honoring refunds to investors in some of the firm's Horizon Strategy group hedge funds that invested in subprime-mortgage bonds, Bloomberg reported on its Web site on Tuesday.
Carlyle Capital Corporation Ltd. (CCC) confirmed on Tuesday it had cut the price and the number of shares in its initial public offering (IPO), a move it has put down to headwinds in the market.
