TOKYO _ GDP revision, Bank of Japan policy meeting begins. WASHINGTON _ Commerce Department releases wholesale trade inventories for January, 10 a.m. Eastern; Labor Department releases job openings and labor turnover survey for January, 10 a.m..» Read More
U.S. wholesale inventories rose less than expected in December, suggesting a moderation in the pace of stock accumulation.
WASHINGTON, Feb 11- U.S. wholesale inventories rose less than expected in December, suggesting a moderation in the pace of stock accumulation at the end of the year that could see fourth-quarter growth estimates trimmed. The Commerce Department said on Tuesday wholesale inventories increased 0.3 percent after an unrevised 0.5 percent gain in November.
SHENZHEN, China/ PARIS, Feb 11- Aston Martin's sweeping recall of its high-end sports cars last week raises larger questions about the risk to global automakers of sourcing key parts thousands of miles away in China without implementing adequate quality control measures.
SYDNEY, Feb 11- Shanghai copper slid to its lowest in more than two months on Tuesday, with factories in the top metals user ramping up only slowly after the Lunar new year break, curbing consumer demand.
SINGAPORE, Feb 11- Gold was trading near its highest in two weeks on Tuesday ahead of Congressional testimony by the new chief of the Federal Reserve, on hopes that the U.S. central bank may rethink the pace of its stimulus tapering.
*McKesson say to enter into domination agreement with Celesio. FRANKFURT, Jan 23- U.S. drugs distributor McKesson succeeded in its second attempt to win control of German peer Celesio in a deal with Celesio's two largest shareholders, German investment group Haniel and U.S. hedge fund Elliott.
FRANKFURT, Jan 23- The majority shareholder behind German drugs distributor Celesio has offered 23.50 euros apiece for Celesio shares held by hedge fund Elliott, as part of a fresh attempt to secure the sale to U.S. drugs wholesaler group McKesson, three people familiar with the talks told Reuters.
FRANKFURT, Jan 23- The majority shareholder behind German drugs distributor Celesio is in talks to buy the shares in Celesio held by hedge fund Elliott as part of a fresh attempt to sell the company to U.S. drugs wholesaler group McKesson, a person familiar with the talks told Reuters.
A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.
Dhanin's CP ALL PCL, which operates 7- Eleven convenience stores, last year took a 1- year $5.8 billion loan to fund the $6.6 billion acquisition of cash-and-carry wholesaler Siam Makro- paying 53 times earnings in Asia's most expensive consumer sector deal by multiple.
*Celesio, McKesson both say able to succeed alone. FRANKFURT, Jan 14- Shares in German drug distributor Celesio dropped 5.4 percent on Tuesday after the failure of an $8.4- billion bid from McKesson Corp but talk of a new offer from the U.S. wholesaler limited the decline.
*McKesson: Not clear if Celesio will be part of strategy. FRANKFURT, Jan 14- Shares in German drugs distributor Celesio dropped 5 percent on Tuesday after suitor McKesson failed to garner enough shares for its takeover bid to succeed.
*McKesson says fails to get 75 pct threshold. FRANKFURT, Jan 13- U.S. drugs wholesaler group McKesson said on Monday it had failed to win enough support for a $8.4 billion offer to buy German distributor Celesio, leaving it empty-handed in a sector where cross-border consolidation is accelerating.
FRANKFURT, Jan 13- U.S. drugs wholesaler group McKesson said on Monday that it has failed to win enough support for its $8.4 billion offer to acquire German drugs distributor Celesio.
WASHINGTON, Jan 10- U.S. wholesale inventories rose a bit more than expected in November, suggesting that restocking would probably contribute to economic growth in the fourth quarter. The Commerce Department said on Friday wholesale inventories increased 0.5 percent after a revised 1.3 percent rise in October.
mid-Nov@ SYDNEY, Jan 10- London copper edged higher on Friday ahead of key China trade data and jobs figures from the United States, but was set to log its biggest weekly fall since mid-November on worries of moderating growth in top consumer China. *Copper slid to its weakest since Dec. 19 at $7,209 on Thursday in its biggest one day fall since November.
SYDNEY, Jan 10- London copper edged higher on Friday ahead of key China trade data and jobs figures from the United States, but was set to log its biggest weekly loss since mid September on worries of moderating growth in top consumer China. *Copper slid to its weakest since Dec. 19 at $7,209 on Thursday in its biggest one day fall since November.
SINGAPORE, Jan 10- U.S. crude futures rose above $92 a barrel in early Asian trading on Friday, after touching an eight-month low in the previous session, pulled down by a drop in demand for heating oil and speculation over withdrawal of stimulus money. *U.S. crude for February delivery rose 73 cents to $92.39 per barrel at 0028 GMT.
FRANKFURT, Jan 9- U.S. drugs wholesaler McKesson raised its offer for German peer Celesio to about 6.2 billion euros including debt, mollifying an activist hedge fund that had been blocking the deal. McKesson increased its bid to 23.50 euros per Celesio share from the 23 euros it offered in October, the San Francisco- based company said on Thursday.
WELLINGTON/ PARIS, Jan 9- French food group Danone said it would sue dairy exporter Fonterra and cut its supply contract with the New Zealand firm following a false alert that sparked the recall of infant formula across Asia.