SAN FRANCISCO - Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook after earnings per share beat forecasts, sending its stock 10 percent higher.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Daikin says puts efforts to buy Goodman Global on hold
TOKYO (Reuters) - Japan's Daikin Industries Ltd (6367.T) said on Friday that it has put on hold its efforts to buy U.S. air conditioner maker Goodman Global, citing the uncertain outlook for the Japanese economy following the March 11 earthquake.
Kaori Yamada, a spokeswoman for Japan's largest air-conditioner maker, said the company could reconsider the acquisition again in the future if the economic outlook becomes clear.
Daikin had said on January 14 that it was considering buying Goodman among other acquisition targets in what bankers estimated could be a $4 billion deal.
Shares of Daikin were up 5.4 percent at 2,625 yen. The Nikkei average .N225 fell 0.1 percent.
(Reporting by Mariko Katsumura; Editing by Nathan Layne)
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