SAIC signs deal to buy shares of S.Korean auto maker
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Shanghai Automotive Industry Corp. (SAIC), the biggest saloon car producer in China, signed here contract with creditors of South Korean Ssangyong Motor Co.
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Singaporesâs PSA gained a much-sought foothhold in Hong Kong with an agreement to buy a stake in Asia Container Terminals, a port operator in the worldâs busiest container hub, from Sun Hung Kai Properties.
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SHANGHAI, Sept. 7 -- Chrysler lured its second high-profile executive in as many days, appointing SAIC Motor's Phil Murtaugh as chief executive of its Asian operations Friday.
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German industrial conglomerate MAN AG   will offer cash and shares to buy Scania AB (SCVb.ST)  in a bid that values the Swedish truckmaker at 9.6 billion  euros ($12.2 billion) in total, MAN said early on Monday.
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Who is SAIC, and why did it go public in October?
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L-3 Communications Holdings Inc.,   American Science & Engineering Inc. and Science Applications   International Corp., or SAIC, have won $1.35 billion in   contracts as part of developing a system to detect nuclear and   radiological matter in cargo, the U.S. Department of Homeland   Security said on Wednesday.
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By Bruce V. Bigelow, The San Diego Union-Tribune  Dec. 14--Posting financial results for the first time since its initial  public stock offering, San Diego's SAIC said yesterday that profits grew  almost 8 percent for the three months that ended in October.
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HSBC Holdings PLC, Europe's biggest bank, agreed to buy a 51 percent stake in Korea Exchange Bank for $6.3 billion as it attempts to boost its presence in the fast-growing Asian market.
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German-U.S. automaker DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motors Co., a move that it expects will raise more than $900 million.
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STOCKHOLM, Sweden  - Lock maker Assa Abloy AB said Monday it will buy a South Korean architectural hardware company.
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Mittal Steel said it had signed a deal to take a 37 percent stake in one of China's leading steelmakers, giving the group its first production platform in the world's fastest growing steel market.
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South Korea's Fair Trade Commission has approved Â with conditions Â the proposal by wireless operator SK Telecom Co. to buy a large stake in the country's second-largest broadband service provider for $1.15 billion.
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The Shanghai Automotive Company, Chinaâs largest carmaker, agreed to buy out its partners in a truck maker and an auto-parts venture for 1.48 billion yuan ($194 million) to combine and expand its commercial-vehicle operations. The operations being taken over, the Shanghai Huizhong Automotive Manufacturing Company and the Shanghai Wanzhong Automotive Components Company, will become part of a Shanghai Automotive unit, the SAIC Motor Corporation, Shanghai Automotive said. The automaker already owns half of both ventures. The move is in line with a government plan to combine the countryâs automakers.
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By Bruce V. Bigelow, The San Diego Union-Tribune  Dec. 14--As an employee-owned conglomerate that was tightly controlled  for most of its 37-year history, San Diego's SAIC was more or less immune to  what happened yesterday after it posted its first financial results as a  public company.
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Japanese auto parts maker Asahi Tec Corp.   5606.T will buy privately held U.S. rival Metaldyne Corp. in   a deal worth about $1.3 billion, a source close to the matter   said on Friday, sending Asahi Tec's shares up 21 percent.
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Shares in Sprint Nextel Corp.   surged as much as 16 percent in afterhours trade after a  media report South Korea&#39;s SK Telecom Co. (017670.KS) was  preparing to bid for the No. 3 U.S. wireless company. Shares in  South Korea&#39;s top mobile phone operator also jumped as much as  4 percent early on Tuesday following the report.
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Standard Chartered said it had acquired Korea First Bank for 3.3 billion dollars (2.5 billion euros) in cash, the largest foreign investment in South Korea's financial industry.