FRANKFURT The chief executive of E.ON's Uniper ruled out a sale of one of the company's three divisions - European Generation, Global Commodities or International Power - in its drive to pay down debt, he told a German newspaper.
WASHINGTON Koninklijke Ahold NV and Delhaize Group SA , which between them own five well-known U.S. supermarket chains, have agreed to sell 81 stores to settle U.S. charges that their proposed $28 billion merger would likely be anticompetitive, the Federal Trade Commission said on Friday.
TORONTO Anglo American Plc's De Beers has put its Snap Lake diamond mine in Canada up for sale after suspending operations at the unprofitable mine last December, a spokesman said on Friday.
U.S. factory automation equipment maker Emerson Electric Co has made an offer to acquire pump manufacturer Pentair Plc's troubled valves and controls division, according to people familiar with the matter.
LONDON Aviva Investors aims to steer clear of costly fire sales from its frozen property fund and will decide when to reopen for business once it has more concrete market data, the asset manager's CEO told Reuters.
PARIS Cosmetics company L'Oreal has agreed to buy IT Cosmetics, a U.S. maker of beauty products for women with severe skin conditions, for $1.2 billion, the French firm said on Friday.
MUMBAI India's Vedanta Ltd has offered to sweeten the terms for taking over subsidiary Cairn India Ltd after an initial bid had been stymied for a year.
Interdealer broker Tullett Prebon Plc said its proposed $1.5 billion acquisition of rival ICAP Plc's hybrid voice broking business was cleared by the United States.
Syngenta, the world's largest pesticides maker being taken over by state-owned ChemChina, still expects the deal to close this year despite concerns that U.S. regulators could throw a spanner in the works, it said on Friday.
SEOUL An investment arm of French luxury goods giant LVMH said it took a minority stake in South Korea's CLIO Cosmetics, swelling the ranks of global investors placing a bet on booming demand for Korean beauty products in major markets like China.
Mega-donors gave millions to back the White House candidates of their choice. It didn't go quite as planned.