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 as revenue from services to corporations slightly offset shrinking PC sales.
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.
Semperit's Latexx takeover cleared, has 70 percent stake
VIENNA (Reuters) - Austrian rubber and plastic products maker Semperit (SMPV.VI) has won Austrian and German regulatory approval for its $197 million offer for Malaysian medical glove maker Latexx Partners (LATX.KL).
"The acquisition is therefore no longer subject to any conditions precedent and may be completed," Semperit said on Friday, adding it has so far secured a 70.2 percent stake in Latexx.
The acquisition will give Semperit access to Malaysia's glove industry, a world leader due to its access to rubber, and help it move toward planned annual sales of 23 billion gloves by 2015, the company has said.
(Reporting by Michael Shields; Editing by Dan Lalor)
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