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Deals of the day -- mergers and acquisitions  

May 23 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Wednesday: ** Poland's top utility PGE will likely drop its 7.5-billion zloty ($2.21 billion) purchase of smaller state-owned group Energa after a court upheld a decision by the competition authority to block the deal, a newspaper reported on Wednesday....More
Newswire

UPDATE 2-Mazda, Fiat tie up on sports cars, may strengthen link  

* No discussion over capital ties - Mazda, Fiat * Mazda, Alfa Romeo sports cars to be built on Mazda's MX-5 platform * Cars to be produced at Mazda's Hiroshima plant * Cooperation in Europe to also be discussed * Mazda shares rise on news, Fiat shares fall (Recasts with announcement, analysts' comments) By Chang-Ran Kim...More
Newswire

Mazda, Fiat to work together on MX-5-based roadster  

TOKYO, May 23 (Reuters) - Mazda Motor Corp and Fiat SpA said on Wednesday they have signed a non-binding MOU (memorandum of understanding) to develop and manufacture a new roadster for the Mazda and Alfa Romeo brands based on Mazda's next-generation MX-5 platform. A final agreement is expected to be signed in the second half of this year, they said in a statement....More
Newswire

MIDCAP-Malaysia's MBM Resources fares poorly on earnings quality  

MBM Resources emerges as the worst performer based on earnings quality among 20 firms in Malaysia's consumer discretionary sector, tracked by at least three analysts, Thomson Reuters StarMine data shows. The automotive firm has a poor earnings quality (EQ) score of 11 and analysts have cut EPS estimates for the year ending 2012 by 1.2 percent over the past month. The stock is down over 4 percent month-to-date, while the broader index is down 1.51 percent, as of Tuesday's close. CONTEXT:...More
Newswire

German stocks - Factors to watch on May 23  

FRANKFURT, May 23 (Reuters) - The DAX top-30 index looked set to open 1.4 percent lower on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0621 GMT. The following are some of the factors that may move German stocks: SAP Indicated 2.1 percent lower Europe's top software company said it would buy U.S. software maker Ariba Inc for $45 a share, turning up the heat on SAP's U.S. rival Oracle in the Internet-based software market. The deal puts Ariba's enterprise value at about $4.3 billion. Related news...More
Newswire

TABLE-Carchs HD -2011/12 group results  

MAY 23 (Reuters)- Carchs Holdings Co., Ltd. CONSOLIDATED FINANCIAL HIGHLIGHTS (in billions of yen unless specified) Year ended Year ended Year to NEXT Mar 31, 2012 Mar 31, 2011 Mar 31, 2013 YEAR LATEST YEAR-AGO COMPANY COMPANY RESULTS RESULT FORECAST H1 FORECAST Sales 34.52 34.21 36.70 17.70 (+0.9 pct) (+15.6 pct) (+6.3 pct) (-1.8 pct) Operating 1.18 1.04 890 mln 350 mln (+13.5 pct) (+168.0 pct) (-24.7 pct) (-60.8 pct) Recurring 1.19 1.14 890 mln 350 mln...More
Newswire

TABLE-Carchs HD -2011/12 parent results  

MAY 23 (Reuters)- Carchs Holdings Co., Ltd. PARENT-ONLY FINANCIAL HIGHLIGHTS (in billions of yen unless specified) Year ended Year ended Year to NEXT Mar 31, 2012 Mar 31, 2011 Mar 31, 2013 YEAR LATEST YEAR-AGO COMPANY COMPANY RESULTS RESULT FORECASTS H1 FORECAST Sales 320 mln 424 mln (-24.6 pct) (+75.7 pct) Operating loss 150 mln loss 78 mln Recurring loss 149 mln loss 67 mln Net 1.92 loss 531 mln EPS 8.15 yen loss 2.25 yen EPS Diluted Annual div -Q1 div -Q2 div -Q3 div...More
Newswire

Italy - Factors to watch on May 23  

The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). * SOVEREIGN DEBT Ratings agency DBRS put the sovereign credit ratings for Spain, Italy, Portugal and Ireland on review for possible downgrade on Tuesday, citing the risk that Greece may not comply with terms of its bailout program. * FIAT...More
Newswire

German stocks - Factors to watch on May 23  

FRANKFURT, May 23 (Reuters) - The following are some of the factors that may move German stocks on Wednesday: SAP Europe's top software company said it would buy U.S. software maker Ariba Inc for $45 a share, turning up the heat on SAP's U.S. rival Oracle in the Internet-based software market. The deal puts Ariba's enterprise value at about $4.3 billion. Related news BMW, DAIMLER, VOLKSWAGEN...More
Newswire

UPDATE 1-Mazda in talks with Fiat on business tie-up-source  

* Deal won't involve any exchange of capital-source * Mazda to supply sports car to be sold under Fiat brand-NHK * Mazda shares rally on news, up 2.8 pct (Adds details of plan, Mazda share move) TOKYO, May 23 (Reuters) - Mazda Motor Corp is in talks with Fiat SpA to form a business tie-up, a source said, as the loss-making Japanese automaker seeks a revival path after losing its strategic partnership with Ford Motor Co....More
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