TBC Corp., a unit of Japan's Sumitomo Corp., will pay $173 million in cash for Midas Inc. (NYSE: MDS), the automotive parts and repair chain based in Itasca, Ill., said Tuesday.
U.S. retail sales posted their largest gain in five months in February as Americans stepped up purchases of motor vehicles and other goods even as they paid more for gasoline.
Europe is undermining drug innovation by cutting prices, raising barriers to new medicines and freeloading off others in Asia and the United States who are more willing to pay, the boss of Pfizer, the world's largest drugmaker, said.
The U.S., the European Union and Japan will file a complaint with the World Trade Organization, which arbitrates international trade disputes, on Tuesday over Chinese export caps on rare earth minerals used in high-tech manufacturing, the Wall Street Journal reported.
Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.
Shares of Yahoo (Nasdaq: YHOO) rose slightly after the company sued Facebook for alleged patent infringement. Facebook denied the charges in a statement but has not filed a legal response.
Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.
Stock index futures advanced on Tuesday ahead of data that could provide clues about the intensity of consumer spending and before a monetary policy announcement from the Federal Reserve.
The European Union, United States and Japan formally asked the World Trade Organization on Tuesday to settle a dispute with China over Beijing's restriction on exports of raw materials, including rare earth elements critical to major industries.
Stock index futures advanced on Tuesday ahead of data that could provide clues on the level of consumer spending and before a policy announcement from the Federal Reserve.
The U.S. will join Japan and the European Union for pressing the World Trade Organization to force China for loosening its restrictions on exports of rare-earth minerals.
The Bank of Japan kept monetary policy on hold on Tuesday, overruling a lone proposal for more stimulus and disappointing some in markets who thought the central bank could follow up last month's easing with another move to amplify its impact.
Hynix Semiconductor Inc <000660.KS>, the world's No.2 memory chipmaker, said on Tuesday that it has seen marked growth in customer enquiries for increased chip supplies following financial troubles at Japanese rival Elpida Memory Inc <6665.T>.
Asian equities hit a one-week high on Tuesday, holding firm in the wake of recent signs of improvement in the U.S. economy, while the yen rose after the Bank of Japan kept monetary policy steady.
The Obama administration is all set to file a case against China's export restrictions on rare earth at the World Trade Organization.
Japan's Nikkei average breached 10,000 for the third straight session before trimming gains to 0.9 percent Tuesday, lifted by defensive buying as investors looked for signs of further easing from the Bank of Japan.
The Bank of Japan is expected to refrain from easing monetary policy further on Tuesday, while stressing its readiness to act again in coming months if needed and extending a cheap loan line supporting growth industries.
Yahoo, the No. 2 search engine that just hired a new CEO, could threw a wrench into Facebook’s proposed $5 billion initial public offering by suing for patent infringement.
On Sunday, many world leaders addressed the anniversary of Fukushima, an event that not only brought tremendous sadness but also a debate on the safety and future of nuclear energy programs.
Japanese officials estimate that the total cost of reconstruction will total about 23 trillion yen over the next decade.
Apple had unveiled the new iPad on Wednesday March 7 and had announced that device will go public on Friday March 16. However, the latest announcement is that the pre-ordered tablets will not ship for 2-3 weeks as demand for the new tablet has been “off the charts.” So if you’re one of those who want to be among the first to get your hands on Apple’s shiny new toy, get ready to brave the legendary jam-packed crowds at Apple stores this Friday. Or buy the cheaper iPad 2 instead.
Japan's Asahi Kasei Corp will buy U.S. medical equipment maker Zoll Medical Corp for $2.21 billion as it looks to build a globally competitive healthcare business and reduce its reliance on its chemicals and fibers operations.
