Shiseido signs deal to sell two skincare brands to L'Oreal
TOKYO (Reuters) - Japan's Shiseido Co Ltd (4911.T) said on Thursday that it has signed a deal to sell skincare brands Decleor and Carita to L'Oreal SA (OREP.PA) for about 230 million euros ($316.3 million).
The two companies had been in exclusive talks for the transaction since last October.
($1 = 0.7271 euros)
NEW YORK - Stocks ended nearly flat on Monday as the latest deal news offset losses following soft data on the housing market and services sector.
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.