Deals

Macy, Penney to wrap up trial on Martha Stewart home goods dispute

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NEW YORK - A New York state judge could decide as soon as Thursday whether J.C. Penney Co Inc can sell certain Martha Stewart-branded home goods despite rival Macy's Inc's exclusive deal with the doyenne of U.S. home decor.

UAE's Etihad to buy 49 percent stake in Serbian airline 7:40am EDT

BELGRADE - United Arab Emirates' Etihad Airways, which has stakes in Virgin Australia and Air Berlin , will acquire a 49 percent stake in Serbia's loss-making JAT Airways.

Mechel sells ferroalloy assets to Yildirim for $425 million 9:13am EDT

MOSCOW - Russian coal miner Mechel is selling its ferroalloy assets to Turkey's Yildirim Group for $425 million and will use the proceeds to shrink its debt of more than $9 billion as well as invest in core projects, it said.

Temasek's Danamon suitors may now be Japanese, Chinese 7:13am EDT

HONG KONG/SINGAPORE - After the collapse of the DBS deal, the best bet of Singapore sovereign investor Temasek Holdings to sell its stake in Bank Danamon Indonesia Tbk PT is to find a Japanese or Chinese bank keen to expand in Southeast Asia's biggest economy.

UK government says no timetable, price target for Lloyds sale 4:46am EDT

LONDON - Britain's government reiterated on Thursday that it has no set timetable or target share price for starting the sale of its 39 percent stake in state-backed bank Lloyds .

Generali wants good price for BSI sale: CEO 4:19am EDT

MILAN - Insurer Generali is still looking to sell its Swiss private banking business BSI but is determined not to let it go cheap, Chief Executive Mario Greco said on Thursday.

BAE sees key Saudi jet deal agreed in second half 6:14am EDT

LONDON - BAE Systems Plc said it expects a long-awaited multi-billion dollar Saudi fighter deal to complete in the second half of this year, enabling it to forecast a more than 10 percent lift to yearly underlying earnings.

Finmeccanica says still talking on asset sales 6:35am EDT

MILAN - Italy's Finmeccanica is still in talks to sell non-core assets, likely to include transport and energy businesses, despite long delays that have frustrated investors and prompted credit rating downgrades, its chief executive said on Thursday.

Lloyds in position for UK to start selling shares: CEO 3:05am EDT

LONDON - The chief executive of Lloyds Banking Group said it is now in a position for Britain to start selling its 20 billion pound stake in the lender, although the timing is up to the finance ministry.

Generali will "certainly exit" Telecom Italia in future: CEO 2:25am EDT

MILAN - Assicurazioni Generali will exit its investment in Telecom Italia , though it will do so at the right conditions, the insurer's CEO Mario Greco said on Thursday.

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