Rockwell Collins buys B/E Aerospace for $62 per share
Oct 23 Aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 per share in cash and stock, the companies said.
* Absa says the deal is not material
* StanChart bought Barclays' Africa custody business in 2010
JOHANNESBURG, April 18 Standard Chartered said on Thursday it will acquire Absa Group's South African custody and trustee operation, as the London-based lender steps up its presence in the continent's top economy.
Absa's sale of the operation follows that of its parent Barclays Plc, which sold its custody businesses in Africa to Standard Chartered in 2010.
The banks did not disclose the size of the deal, but Absa said it would not be material to the group. Custody services include processes such as back office management for overseas investors trading on the continent's bourses.
Standard Chartered is expanding its South African operation and last week told Reuters it was opening up two new branches in the country's second and third biggest cities to tap corporate clients with operations in the rest of Africa.
The lender made revenues of $1.6 billion on the fast-growing continent in 2012 and plans to double this in the next five years.
BEIJING, Oct 23 General Motors Co plans to launch a new SUV production line at its joint venture factory in the Chinese central city of Wuhan during the first half of 2017, the official Xinhua News Agency reported on Sunday, citing company sources.
MILAN, Oct 23 Storage rooms crammed with loan documents have emerged as a hidden front line in Italy's battle to save its banks from the threat of financial crisis.