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  • June 16- Lumber Liquidators Holdings Inc has agreed not to sell its existing inventory of laminate flooring previously sourced from China, the U.S. consumer safety regulator said, as the flooring retailer looks to move beyond allegations the products contained excessive levels of cancer-causing formaldehyde. The U.S. Consumer Products Safety Commission...

  • *Says can help Kuka grow in China. FRANKFURT, June 16- China's Midea said it would allow German industrial robot maker Kuka to operate independently and help it expand in China as it formally launched a 4.5 billion-euro offer on Thursday. The Chinese company said it could help Kuka to broaden its product offering in China, the world's largest market for industrial...

  • BERLIN, June 13- China's Midea Group Co Ltd is only seeking a 49 percent stake in German industrial robot maker Kuka, Handelsblatt reported on Monday, citing unnamed sources in the German government. Chancellor Angela Merkel said during a visit to Beijing on Monday there was a general openness towards investments from China, but it was expected that the country...

  • BERLIN, June 13- China's Midea Group Co Ltd is only seeking a 49 percent stake in German industrial robot maker Kuka, Handelsblatt reported on Monday, citing unnamed sources in the German government. Chancellor Angela Merkel said during a visit to Beijing on Monday there was a general openness towards investments from China, but it was expected that the country...

  • LONDON, June 13- China Three Gorges, which operates the world's largest hydropower plant on China's Yangtze river, will buy German offshore wind park Meerwind from U.S. buyout firm Blackstone, the companies said on Monday. The deal, signed during a visit by German Chancellor Angela Merkel to China, has German government approval despite growing controversy over...

  • BEIJING, June 13- German Chancellor Angela Merkel signaled on Monday that she would not try to prevent a Chinese takeover of German robot maker Kuka but also left the door open to German firms making a counter-offer. The offer has fanned a furious debate over Chinese takeovers in Europe, with some German politicians calling for tougher restrictions.

  • BEIJING, June 13- German Chancellor Angela Merkel signaled on Monday that she would not try to prevent a Chinese takeover of German robot maker Kuka but also left the door open to German firms making a counter-offer. "And by the way nobody in Germany is forbidden from getting involved with Kuka," she added. Merkel said there was a general openness towards...

  • BEIJING, June 13- Siemens has no interest in becoming a white knight for German robot maker Kuka, which is the target of a 4.5 billion euro takeover bid by Chinese home appliance maker Midea, Siemens' chief executive said. Midea's bid has fanned a furious debate over Chinese takeovers in Europe, with politicians such as German Economy Minister Sigmar Gabriel...

  • BEIJING, June 12- Siemens has no interest in becoming a white knight for German robot maker Kuka, which is the target of a 4.5 billion euro takeover bid by Chinese home appliance maker Midea, Siemens' chief executive said. Midea's bid has fanned a furious debate over Chinese takeovers in Europe, with politicians such as German Economy Minister Sigmar Gabriel...

  • *German chancellor makes ninth trip to China since 2005. BERLIN, June 10- After a golden decade for economic ties between Germany and China, concerns are growing in Berlin over barriers to foreign firms in China, Beijing's more muscular foreign policy and its increased authoritarianism at home. "We won't be able to avoid tough conflicts with China in the next...

  • BERLIN, June 9- Germany's economy minister called on Thursday for a European-wide safeguard clause which could stop foreign takeovers of firms whose technology is deemed strategic for the future economic success of the region. A recent series of bids for German engineering firms has prompted Berlin to think about whether it needs to do more to protect...

  • *Chinese firms stepping up presence in Germany. BERLIN, June 8- Germany's economy minister called on Wednesday for an international "level playing field" in foreign investment amid concerns over rising Chinese interest in German firms and said Berlin wanted the European Union to tackle the issue. Sigmar Gabriel drew a distinction between open markets and what...

  • FRANKFURT, June 6- Shanghai Yiqian Trading Company is to buy a majority stake in Germany's Hahn airport, one of its owners said on Monday, providing more evidence of China's interest in the international aviation industry and also in buying up German businesses. Last month, China- based home appliance maker Midea Group offered to buy Kuka, valuing the German...

  • Empire, Moelis and Mercury Capital declined to comment. Empire, whose competitors include Lowes Corp, Home Depot and Floor and Decor Outlets of America Inc, offers shop-at-home services in more than 70 U.S. locations, including Chicago, New York and Los Angeles. The Northlake, Illinois- based company opened its first retail stores last year in Virginia and Long...

  • BERLIN, June 3- Germany denied interfering in Chinese home appliance maker Midea's 4.5 billion euro bid for industrial robot maker Kuka on Friday, saying it was not organizing a rival offer. German government sources have said Berlin would examine how critical Kuka's technology is for the digitisation of industry, an economic priority for Chancellor Angela...

  • BERLIN, June 2- As Beijing moves in to buy up firms from Germany's famed "Mittlestand" of mid-sized manufacturers, politicians are nervous that Chinese owners may take their vaunted technology and move jobs abroad. When Putzmeister, a 58- year-old maker of pumps for concrete, was bought by its Chinese competitor Sany for 360 million euros in 2012, its workers...

  • BEIJING, June 2- China said on Thursday the purchase of German industrial robot maker Kuka by Chinese home appliance maker Midea Group Co Ltd should not be politicized as it is simply a commercial deal. German government sources have said Berlin would examine how critical Kuka's technology is for the digitisation of industry, an economic priority for...

  • FRANKFURT, June 1- German sales of robotics and automation equipment, an engine of the country's export-led economy, are expected to rise just 2 percent this year as political and economic uncertainty around the world delays investment decisions. That would mark a slowdown from 7 percent growth last year, but would beat the flat sales expected for Germany's...

  • BERLIN, June 1- The German government is trying to coordinate an alternative offer for industrial robot maker Kuka following Chinese home appliance maker Midea Group Co Ltd's 4.5 billion euro takeover bid, Germany's economy minister said on Wednesday. Kuka is the latest and biggest German industrial technology group to be targeted by a Chinese buyer as the...

  • BERLIN, May 31- Germany has no plans to sell its 11 percent stake in Airbus Group SE, Europe's largest aerospace company, a senior German government official said on Tuesday. Brigitte Zypries, parliamentary state secretary at the German Economics Ministry, told Reuters that Germany had in the past considered selling its stake in the European aerospace firm to...