By Greta Rosen Fondahn STOCKHOLM (Reuters) -Swedish home appliances maker Electrolux (ST:ELUXa) reported a bigger rise than expected in second-quarter profit on Friday as it outperformed the wider market in North America, and price hikes offset higher costs related to U.S. tariffs. Operating profit at the group, whose brands also include Frigidaire, AEG, Zanussi and Volta, was 797 million crowns ...
Investing.com -- Reckitt Benckiser Group (LSE:LON:RKT) has agreed to sell the majority of its Essential Home business to private equity firm Advent International in a deal valued at up to $4.8 billion (£3.6 billion). The transaction, expected to complete by the end of the year, will see Reckitt retain a 30% stake in the business while receiving deferred and contingent consideration of $1.3 bi ...
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.17%. The best performers of the session on the Nikkei 225 were SoftBank Group Corp. (TYO:9984), which rose 5.00% or 535.00 points to trade at 11,230.00 at the close. Meanwhile, Ebara Corp. (TYO:6 ...
By Che Pan and Casey Hall BEIJING (Reuters) -China’s Commerce Minister Wang Wentao told Nvidia (NASDAQ:NVDA) CEO Jensen Huang on Thursday that he hoped multinational companies, including Nvidia, would provide high-quality and reliable products and services to Chinese customers, the ministry said in a statement. Huang said the Chinese market was very attractive, and Nvidia was willing to deepen c ...