ThyssenKrupp denies report on possible sale of automotive unit
BERLIN (Reuters) - German steelmaker ThyssenKrupp (TKAG.DE) has denied a magazine report that it is preparing to sell its automotive division.
Weekly magazine Focus said in an advance release of an article to be published in Monday's edition that ThyssenKrupp, struggling with billions of euros of debt and a loss-making Steel Americas business, had asked potential investors for indicative offers for its automotive operations.
"That's nonsense," a spokeswoman at the Essen-based company told Reuters on Sunday. "We want to develop the business further strategically."
Last year, ThyssenKrupp sold its Tailored Blanks unit, then market leader in laser-welded blanks for the automotive industry, to Chinese peer Wuhan Iron and Steel (600005.SS).
(Reporting by Matthias Inverardi; Writing by Andreas Cremer; Editing by Mark Potter)
NEW YORK - U.S. stocks were little changed in a volatile session on Friday, setting all three indexes up for a weekly decline, as concerns over tensions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend.
HELSINKI - Finnish start-up Next Games has raised $6 million in funding in the latest of several venture capital investments in the Nordic country's booming mobile games industry, the company said on Wednesday.
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.