EMERGING MARKETS

Accor Sells Motel 6 To Blackstone For $1.9 Billion

Accor
French hotel giant Accor SA (Paris: AC) said Tuesday it will sell the underperforming Motel 6 U.S. budget hotel chain to asset manager Blackstone Group LP for $1.9 billion, as part of an effort to cut debt and shift focus from the U.S. to fast-growing emerging markets.
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Hologic

Hologic To Buy Gen-Probe For $3.7B, Gen-Probe Shares Soar

Medical device maker Hologic Inc. said Monday it would acquire diagnostic test maker Gen-Probe Inc. for about $3.7 billion in cash to expand its molecular diagnostic business, international presence and cross-selling opportunities.
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Samsung Becomes World's Largest Handset Maker, Nokia's 14-Year Run Ends

After reporting record profit for the first quarter of 2012, South Korean tech giant Samsung Electronics has achieved yet another outstanding feat. The company has become the world's number one handset vendor, thereby ending Finnish firm Nokia's 14-year run as the global leader, according to a latest research from Strategy Analytics.
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JCI Earnings Preview: Q1 2012 Earnings To Decline

Johnson Controls Inc. is expected to report a 5 percent drop in first quarter 2012 earnings tomorrow due to increased commodity prices, the expense of a new metals plant and higher engineering and launch costs from new business ventures. However, revenue and operating profit for the company are expected to be up.
The corporate homepage of Abbott Laboratories

Abbott Lab Shares Up After Big 1Q Profit Increase

Shares of Abbott Laboratories (NYSE: ABT) rose Wednesday after the health care products maker reported a 43 percent jump in first-quarter earnings on a higher sales in emerging markets and also raised its full-year earnings guidance.
The Nissan logo on a car.

Nissan Expanding Chinese Operations

Nissan Motor Co. will invest as much as 40 billion yen, $494 million, to build a fourth Chinese factory through its joint venture with Dongfeng Motor Group Co., Nikkei reported Friday.
The logo of Anheuser-Busch InBev, the world's largest brewer, is seen outside the company's headquarters in Leuven

Anheuser-Busch In Lead For Presidente Brewer

Anheuser-Busch InBev NV may be serving up cervezas en espanol, as the Belgian brewer has emerged as the lead bidder for Cerveceria Nacional Dominicana SA, maker of Presidente Beer.
7. Belem, Brazil

Fastest-Growing Emerging Cities Of The World [PHOTOS]

The Knight Frank Wealth Report 2012 has marked seven cities as the world's fast-growing cities to watch in 2050, based on their potential for creating new market opportunities for local as well as global companies.
Sherilyn McCoy

Can Johnson & Johnson's Sherilyn McCoy Turn Avon Around?

Avon Products Inc. (NYSE:AVP)'s appointment Monday of Sherilyn McCoy to replace Andrea Jung as CEO brings some stability to the beleaguered direct-sales beauty company, but analysts say one person is unlikely to cure Avon's huge legal and organizational problems, which threaten its stock price and sales growth.
Alcoa Inc. (NYSE: AA)

Alcoa Cuts Alumina Capacity; 1Q Report Due Tuesday

Alcoa Inc., the U.S. aluminum giant, said Thursday it will reduce its annual total alumina production capacity by 2 percent this year, aimed at matching output with its plans to reduce smelter capacity amid global oversupply that has hurt prices.

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