SAN FRANCISCO/NEW YORK - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. | Video
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.
Electrolux says eyes further acquisitions
STOCKHOLM (Reuters) - World number two home appliances maker Electrolux (ELUXb.ST) is likely to make further acquisitions to help drive growth, the company's chief financial officer said on Wednesday.
Electrolux's most recent acquisitions were of a company in Chile and one in Egypt as the group focuses on emerging markets.
"There is room for acquisitions," chief financial officer Tomas Eliasson told a meeting of investors.
He said the two recent purchases showed the company was putting more focus on buying other companies and that such deals added to top line expansion of sales.
At the same time, the company wanted to protect its BBB+ credit rating, he added.
(Reporting by Patrick Lannin)
- Tweet this
- Share this
- Digg this