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...
Corvette enthusiasts await debut of 2014 model
Labels: Business
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...
Apple cuts LCD panel orders for iPhone 5 on weak demand: Nikkei
Labels: Business
(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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