LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
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.
United Technologies closes $16.5 billion Goodrich takeover
(Reuters) - United Technologies Corp (UTX.N) closed its largest-ever acquisition on Thursday, buying aircraft equipment maker Goodrich Corp GR.N for $16.5 billion, in a deal that will add about $8 billion to its annual revenues and boost its presence on jets of Boeing Co (BA.N) and EADS (EAD.PA) unit Airbus.
The deal's closing follows regulatory sign-offs from European, U.S. and Canadian authorities, who approved the purchase on the condition that United Tech sell some of Goodrich's power generation and small-engine control units that generate about $250 million in annual revenue.
(Reporting By Scott Malone; Editing by Gerald E. McCormick)
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