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Maruti halts production after fire in plant

  Mumbai / Bloomberg Maruti Suzuki India Ltd. fell the most in almost two weeks after a fire at a component supplier disrupted supplies prompting the unit of Suzuki Motor Corp. to suspend production at both its factories. Shares of Maruti declined as much as 2.2 percent, the most intraday since May 18. They traded at 4,066.55 rupees, down 1.9 ...

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Galaxy Resources to buy General Mining in lithium takeover

  Perth / Bloomberg Galaxy Resources Ltd., an Australian lithium developer, agreed to acquire joint-venture partner General Mining Corp. in a deal that values its target at A$216 million ($155 million). Shares in the two companies surged. Perth-based Galaxy offered 1.65 new shares for each General Mining share it doesn’t already own, it said in a statement on Monday. The ...

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Takata to rule out bankruptcy, seeks funds from buyer

Tokyo / Bloomberg Takata Corp. has ruled out using bankruptcy as a way of mitigating liabilities from its record air-bag recalls and is instead seeking buyers that could take a controlling stake and carry the company through its safety crisis, a person with knowledge of the restructuring process. Lazard Ltd., Takata’s financial adviser, will meet manufacturers as well as financial ...

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