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Hitachi agrees to buy two Finmeccanica rail businesses

Feb 24, 2015

Hitachi agrees to buy two Finmeccanica rail businesses

Hitachi Ltd. is set to buy Finmeccanica SpA’s rail business and a signals affiliate in its largest ever overseas acquisition as it seeks growth abroad. The Japanese industrial group, which makes nuclear power plant turbines, electronic equipment and industrial machinery will close the acquisitions ...

Greece submits reform documents in bid to secure bailout extension

Feb 24, 2015

Greece submits reform documents in bid to secure bailout extension

Caught between its own defiant campaign pledges and pressure from creditors, Greece’s left-wing government will deliver a list of reforms Tuesday to debt inspectors involved in the final approval of extended rescue loans, officials said. Prime Minister Alexis Tsipras was already facing dissent within ...

Feb 24, 2015

U.S. home sales plunged 4.9% in January

U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. That ...

Feb 24, 2015

U.S. Supreme Court hands victory to Cuban cigar company

The U.S. Supreme Court handed a victory to a state-owned Cuban cigar company on Monday by declining to intervene in its long-running battle with a U.S.-based rival over the Cohiba trademark that both use for their products. By refusing to hear an appeal filed ...

Feb 23, 2015

Honda president stepping down amid air bag crisis

Honda said Monday that its president was stepping down as the firm grapples with an exploding air bag crisis linked to at least five deaths that also led to the recall of millions of vehicles. The automaker said the move was squarely aimed at ...