Fujikura to buy telecom gear firm Nistica
TOKYO (Reuters) - Japanese electric wire and cable maker Fujikura Ltd (5803.T) said on Monday that it plans to buy U.S. telecom equipment firm Nistica Inc, as it looks to expand in optical equipment for high-speed networks.
It did not disclose the deal price or when it is expected to close.
NEW YORK - U.S. stocks fell on Monday weighed by soft data out of China, lingering concerns over Russia's claim over part of Ukraine and Boeing's latest production setback.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
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.