United States

Global M&A deals cross $3 trillion for first time since 2007

Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.

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With Baker Hughes, Halliburton cements leading North Dakota role

Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters.

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Toyota Lexus to recall some 2006-2011 models due to fuel leak

Toyota Motor Corp (7203.T) will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.

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Obama will visit India again as ties expand

U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns about China's growing power in Asia.

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Los Angeles mayor presses China to allow more Hollywood films

A flurry of private Chinese investment into Hollywood should prompt Beijing to loosen its restrictions on U.S. film imports, the mayor of Los Angeles said in China on Friday as he urged officials to raise the country's annual cap on foreign films.

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China's ICBC to set up offshore yuan center in Los Angeles

China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in California, the bank said on Saturday.

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Draghi throws ECB door open to money printing as global prospects dim

European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth.

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European Parliament may propose Google break-up in draft resolution

The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's (GOOGL.O) search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance in the search market.

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Lockheed, Pentagon ink $4.7 billion deal for eighth batch of F-35 fighters

The Pentagon said on Friday it had awarded Lockheed Martin Corp (LMT.N) a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.

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Itochu eyes sale of building materials distributor PrimeSource: sources

Japanese trading house Itochu Corp, is seeking to sell PrimeSource Building Products Inc, the largest distributor of screws and nails in the United States, for more than $1 billion, according to people familiar with the matter.

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Minivan crash tests: Toyota good; Chrysler, Dodge, Nissan poor

In a front overlap crash safety tests of four minivans sold in the United States, only the latest model of the Toyota Motor Corp Sienna scored well, the Insurance Institute for Highway Safety said on Thursday.

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SAP CEO rules out big acquisitions in next few years

German business software maker SAP is doing an about-face on its acquisition strategy and plans no more big new deals in the next few years, its chief executive said on Wednesday.

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Ford recalls 65,000 Fusion models on ignition key issues

Ford Motor Co (F.N) on Tuesday said it is recalling about 65,000 Fusion sedans in North America because the key can be removed from the ignition even if the car is not in the "park" position 30 minutes after the ignition is off, the company said.

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Airbus to deliver first A350 jetliner around December 12

European planemaker Airbus aims to deliver the first A350 jetliner to launch customer Qatar Airways by mid-December, the airline said on Tuesday.

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U.S. auto regulator seeks nationwide recall of Takata air bags

The U.S. auto safety regulator on Tuesday called on Japanese supplier Takata and five automakers to expand nationwide a regional recall of potentially deadly air bags, increasing pressure on the industry to act more swiftly in the growing scandal.

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