SAN FRANCISCO - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services.
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.
Lehman's Archstone expects IPO to raise $3.45 billion
(Reuters) - Archstone Inc, the apartment owner and developer owned by Lehman Brothers Holdings Inc LEHMB.UL, said in an amended regulatory filing that it expects to raise up to $3.45 billion in its initial public offering.
The company had initially filed for an IPO of up to $100 million in August.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees.
(Reporting by Sharanya Hrishikesh in Bangalore; Editing by Joyjeet Das)
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