Philips Sells Lighting Business to Consortium

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By WSJ Staff GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners, said it would buy an 80.1% stake in Royal Philips NV's combined LED components and automotive lighting business in a deal that values ...

LeasePlan Shareholder in Talks to Sell Stake to Investor Group

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Ian Walker Dutch leasing fleet manager LeasePlan Corporation NV confirmed Tuesday that its 100% shareholder, Global Mobility Holding BV, is in talks to sell its interest to a group of investors, but cautioned that an agreement wasn't certain. LeasePlan ...

German Retail Sales Fall

TODAY: March 31, 2015 PUB DATE: March 31, 2015

FRANKFURT--German retail sales fell in line with expectations in February, slightly reversing the solid expansion seen in the previous two months, while the annual reading suggests that consumer spending remains a key pillar of growth in Europe's largest economy. Retail ...

LeasePlan Shareholder in Talks to Sell Stake to Investor Group

TODAY: March 31, 2015 PUB DATE: March 31, 2015

Dutch leasing fleet manager LeasePlan Corporation NV confirmed Tuesday that its 100% shareholder, Global Mobility Holding BV, is in talks to sell its interest to a group of investors, but cautioned that an agreement wasn't certain. LeasePlan said the investors ...

Thailand's Economic Recovery Remained Slow in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's economy remained sluggish in February as private consumption continued to fall although tourist arrivals grew further, the monthly report from the Bank of Thailand showed Tuesday. The private-consumption index dropped 2.6% in February from a year ...

French PM Valls: Hope to See Growth of 1.5% by End of Year

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Nadya Masidlover PARIS--French Prime Minister Manuel Valls said Tuesday that he hopes that the country's economic growth will reach 1.5% this year, raising the government's previous target of 1% growth for 2015, just days President Francois Hollande's Socialist Party ...

Nigeria Challenger Builds Vote Lead

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Patrick McGroarty in Lagos, Nigeria, and Heidi Vogt in Yola, Nigeria Former military dictator Muhammadu Buhari built a wide lead in Nigeria's elections on Monday, raising the prospect of a 1980s-era strongman being elected to lead the promising but ...

Jay Z Enters Music-Streaming Wars With Tidal

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By John Jurgensen Jay Z isn't the only star with a stake in the streaming-music company he recently bought. On Monday, the rapper was flanked on stage by more than a dozen fellow equity owners, including Beyoncé, Kanye West and ...

Japan Auto Production Falls in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

TOKYO--Production of cars, trucks and buses in Japan declined 5.3% on year in February, falling for the eighth consecutive month, the Japan Automobile Manufacturers Association said Tuesday. Vehicle output fell to 817,390 vehicles in February from 863,452 vehicles in the ...

Asian Shares Rise

TODAY: March 31, 2015 PUB DATE: March 31, 2015

Asian shares were mostly higher Tuesday, maintaining the positive momentum from Monday's Shanghai-led rally and Wall Street overnight. Australian shares were helped by growing expectations for an earlier interest-rate cut by the Australian central bank. Australia's S&P;/ASX200 was up 1.4% ...

Richemont to Merge Net-A-Porter With Yoox Group -- Update

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By John Revill ZURICH-- Cie. Financière Richemont SA said Tuesday it plans to combine its online fashion retailer Net-a-Porter with Italian Web-based clothing company Yoox SpA, a deal that will create an Internet shopping giant with revenue of more than ...

U.K. Raises 2014 Growth Figure

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Jon Sindreu and Jason Douglas LONDON--The British economy grew at a faster pace than previously thought in 2014, official data revealed Tuesday, confirming that the U.K. was the top performing major western nation during the year. Gross domestic product ...

French Consumer Spending Rises in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Stacy Meichtry PARIS--French consumer spending, a motor for the country's growth, rose slightly in February as sales of manufactured goods and energy increased. Household spending on goods in the eurozone's second-largest economy rose 0.1% on the month and 3% ...

Nigeria Challenger Builds Vote Lead

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Patrick McGroarty in Lagos, Nigeria, and Heidi Vogt in Yola, Nigeria Former military dictator Muhammadu Buhari built a wide lead in Nigeria's elections on Monday, raising the prospect of a 1980s-era strongman being elected to lead the emerging but ...

On State Budget, City Won a Few But Awaits Action

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Michael Howard Saul Mayor Bill de Blasio on Monday described the tentative deal on the state budget as "reasonably good" for New York City, but his aides said there was disappointment on homelessness funding and concern that action on ...

China Service Trade Deficit Narrows in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

BEIJING--China saw a service trade deficit of $12.5 billion in January, smaller than its a deficit of $16.9 billion in January, official data showed Tuesday. For the first two months of the year, the country's service trade deficit was $29.4 ...

German Retail Sales Fall

TODAY: March 31, 2015 PUB DATE: March 31, 2015

FRANKFURT--German retail sales fell in line with expectations in February, slightly reversing the solid expansion seen in the previous two months, while the annual reading suggests that consumer spending remains a key pillar of growth in Europe's largest economy. Retail ...