CVC, RBS raise $290 million in Samsonite stake sale-term sheet

HONG KONG (Reuters) - Private equity firm CVC Capital Partners and Royal Bank of Scotland sold a combined $290 million stake in Hong Kong-listed luggage maker Samsonite International , a term sheet seen by Reuters showed.The 138.3 million shares were sold at HK$16.20 each, a 4.9 percent discount to Samsonite's Friday's close of HK$17.04, the terms showed. That would put the total deal at HK$2.24...

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Corvette enthusiasts await debut of 2014 model

DETROIT (Reuters) - Members of America's Corvette Club can't wait to see General Motors Corp's 2014 Chevrolet Corvette Stingray, the first new Corvette in nine years, which the automaker will unveil this week at the annual Detroit auto show.The seventh generation Corvette, called C7 by fans of the iconic American sportscar, has a front-mounted engine and a shape like a race car. GM showed it to the...

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Apple cuts LCD panel orders for iPhone 5 on weak demand: Nikkei

(Reuters) - Apple Inc has almost halved its order with suppliers of LCD panels for the iPhone 5 in the current quarter due to weak demand, the Nikkei reported on Monday.Apple has asked suppliers Japan Display Inc, Sharp Corp and South Korean company LG Display Co Ltd, to cut supply, down from an initial plan to order about 65 million units in the quarter, the Japanese daily said.Japan Display's plant...

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NHL: Labor dispute moves into courts with talks stalled

(Reuters) - After three months of failed negotiations, the labor dispute between the National Hockey League (NHL) and locked out players moved into the courts on Friday, with the league filing a class action complaint against the players' union.The league asked U.S. courts to confirm the legality of the lockout. It also filed an unfair labor practice against the players' union.The players' union...

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Players to vote on whether board can dissolve union

(Reuters) - Locked out National Hockey League (NHL) players will begin voting on Sunday on whether to give the players association's executive board authority to file a "disclaimer of interest" and dissolve their union.Voting will be done electronically and continue through Thursday, a source familiar with the proceedings told Reuters on Saturday.A two-thirds majority will be needed to give the 30-member...

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Owners and players return to table but no closer to deal

(Reuters) - National Hockey League owners and players returned to the bargaining table on Wednesday in a late push to salvage a scaled down season but the two sides appear no closer to reaching a deal.After negotiations on a new collective bargaining agreement (CBA) collapsed last Thursday amid angry rhetoric, talks resumed at a secret location with NHL Commissioner Gary Bettman and players union...

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China's Huawei expects profit jump after reporting drop in 2011

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd, the world's No.2 telecom equipment maker, expects a 2012 profit gain after reporting a sharp drop a year ago, thanks to new projects and increased sales in high-end mobile phone markets such as Japan.Net profit is expected to be around $2.4 billion, rotating and acting Chief Executive Officer Guo Ping said in a New Year message to employees...

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Samsung, Nokia and others hit with fresh patent infringement lawsuit

InterDigital (IDCC) on Thursday filed a complaint with the U.S. International Trade Commission against Samsung (005930), Nokia (NOK), Huawei (002502), and ZTE (000063) for selling devices that allegedly infringe upon seven of its 3G and 4G wireless patents. The company has asked the ITC to block sales of the infringing products, which incorporate WCDMA, CDMA2000, LTE and Wi-Fi technologies. The ITC...

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China Huawei espera aumento de ganancias tras caída en 2011

HONG KONG (Reuters) - La empresa china Huawei Technologies Co Ltd, la segunda empresa de equipos de telecomunicaciones más grande del mundo, espera un aumento de ganancias en el 2012 tras haber reportado una fuerte caída en el período anterior, gracias a nuevos proyectos e incrementos de ventas en mercados de teléfonos móviles de alta gama como Japón.La utilidad neta alcanzaría los 2.400 millones...

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Syrian rebels free 48 Iranians in prisoner swap

DAMASCUS, Syria (AP) — Syrian rebels on Wednesday freed 48 Iranians held captive since August in exchange for the release of more than 2,000 detainees in the first major prisoner swap of the country's civil war, officials said.The exchange, which was brokered by Iran, Turkey and Qatar, came just days after Assad vowed to press ahead with the fight against rebels despite international pressure to...

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