markets-linked

Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion

Japanese electronics maker Panasonic Corp is set to buy U.S. refrigeration firm Hussmann for over 186.6 billion yen ($1.5 billion) in a deal it says will leverage its technology and help it break into the U.S. food distribution industry. Panasonic, like several domestic peers, has been moving away from unprofitable smartphones and plasma television sets, focusing instead on higher margin products, such as high-end cold storage, …

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Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion

markets-linked

Alibaba names new head of anti-counterfeiting, IP unit

(Reuters) – Alibaba Group Holding Ltd appointed Matthew Bassiur as head global intellectual property enforcement to oversee the company's anti-counterfeiting and intellectual property rights protection efforts. The appointment comes days after the Chinese e-commerce giant avoided

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Alibaba names new head of anti-counterfeiting, IP unit