Bloomberg FIT Hon Teng Ltd., part of the contract manufacturing giant Foxconn Technology Group, agreed to buy Belkin International Inc. in the latest move by billionaire Terry Gou to expand in branded goods. FIT will pay $866 million in cash for Belkin, a maker of Wi-Fi routers, mobile device chargers and keyboards, the company said in a filing to the ...

Bloomberg General Motors Co. said it intends to file its South Korean unit for bankruptcy if its labor union fails to agree on a restructuring plan that needs to be outlined within the next four weeks, putting pressure on employees and the government to help it stay afloat in the country. Barry Engle, GM’s international chief, told union leaders that ...

Bloomberg Commercial land prices in Japan rose by the most in a decade last year, thanks to a years-long tourism boom and ultra-low lending rates. The average price of commercial land nationwide rose 1.9 percent, the most since 2008, the land ministry said. The average price outside the three biggest metropolitan areas rose 0.5 percent—the first gain in 26 years. ...