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Sweden's Assa Abloy AB , the world's No. 1 lock maker, and U.S.-based Spectrum Brands Holdings said on Friday they have reached a settlement with the U.S. Justice Department regarding Assa's $4.3 billion proposed deal to buy Spectrum's hardware and home improvement (HHI) division. ....
Striking film and television writers are set to meet with union leadership on Wednesday, the second day of a work stoppage that threw Hollywood into disarray as the industry deals with changes brought on by the streaming TV boom. ....
Midea , a $58 billion Chinese white goods champion, made waves in Europe in 2016 when it bought German robot maker Kuka for nearly $5 billion. Seven years later, the company is eyeing Sweden’s home appliance brand Electrolux , a complementary asset currently worth around $7 billion including debt. A successful tilt could mark the beginning of a revival in outbound M&A by Chinese firms after offshore deals touched a historic low of $29 billion in 2022, per EY estimates. ....
Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies. ....