April 7- Paint maker Axalta Coating Systems Ltd said Berkshire Hathaway Inc would buy an 8.7 percent stake in the company from controlling shareholder Carlyle Group for $560 million. Berkshire bought lubricants maker Lubrizol Corp for about $9 billion in 2011.. Carlyle had considered selling Axalta, which went public in November, to Dutch paint maker Akzo...
European shares traded sharply higher as buying was fueled by earnings and reports that the ECB would provide extra liquidity in the near future.
AkzoNobel, the Dutch paint and coatings company, said on Tuesday its third quarter core earnings rose 7 percent to 487 million euros ($624 million), hitting market expectations, and maintained its 2015 targets.
Ton Büchner, CEO of AkzoNobel, says the emerging markets are getting weaker while Europe is "not getting better".
European shares closed higher on Wednesday amid corporate earnings news and ongoing turmoil in Gaza and Ukraine.
Ton Büchner, CEO of AkzoNobel, says growth in the emerging markets has dropped but China is not a concern.
Some of the biggest names in European business have further complicated the dilemma currently facing Mario Draghi.
European shares closed higher on Thursday, as investors focused on Wall Street earnings and the latest U.S. jobs data.
Keith Nichols, CFO of AkzoNobel, says the company is on track to reach its targets for 2015.
Ton Büchner, CEO of AkzoNobel, says there is "fragile stabilization" in the European economy but any "disturbance" could set the continent back.
Dutch paints and chemicals company AkzoNobel reported slightly higher-than-expected fourth-quarter earnings on Thursday and said it was on track to meet its 2015 targets.
European shares closed near five-year highs on Monday, helped by gains from Philips and SAP, as well as encouraging U.S. housing data.
Shares of Dutch paints and chemicals company Akzo Nobel rose by 7 percent on Monday morning after the group said that its performance improvement program for the year was still on track and unveiled profit figures that matched market expectations.
Keith Nichols, CFO of Akzo Nobel, talks about the company's earnings which saw net profits hit 155 million euros ($212 million) after a loss of 2.37 billion euros a year ago.
Ton Buchner, CEO of AzkoNobel, says the group is stepping up its cost reduction plans to meet an improvement program target and discusses growth in China and U.S.
European shares closed slightly lower on Friday as investors locked in profits ahead of the weekend and once again focused on the ongoing discussions surrounding the "fiscal cliff" in the U.S.
Some of the names on the move ahead of the open.
The boss of paint maker Akzo Nobel has told CNBC he is "excited to be back" after his temporary departure from the firm and has revealed the U.S. arm of the business will be sold off to focus on Europe and high growth markets.
Ton Büchner, CEO of Akzo Nobel, tells CNBC that the company is selling its US operations as it lacks critical mass in North America and would require significant additional funding to be profitable.
AMSTERDAM-- With its new CEO on an extended sick leave, Dutch chemicals conglomerate Akzo Nobel NV reported Thursdsay a 2.37 billion loss in the third quarter after taking a massive impairment charge on its home paints business.