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Thu, 11 Mar 2010 03:01 am GMT

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TillToday World Business
. Apollo to buy Citi’s property investment unit: report
   -The deal would give the private equity firm a far bigger global presence
. Toyota, US officials investigate runaway Prius
   -Seven weeks into the crisis, Toyota has begun trying to reverse a slump in its new car sales by offering buyers aggressive discounts
. Sony to launch 3D TVs in June, rivals Samsung
   -The maker of Bravia flat TVs hopes 3D models to make up 10% of more than 25 million LCD TVs it aims to sell in the next financial year
. BMW global February sales up 14% to 91,758 cars
   -BMW says it is seeing “a definite upturn” in almost all markets and that group sales for the first two months of the year are more than 15% higher than a year earlier
. Audi sees rise in 2010 profit, not out of the woods
   -Audi finance chief Axel Strotbek forecast higher revenue and operating profit as the brand exceeds the one-million mark in vehicle sales this year
. MetLife to buy AIG’s Alico unit for $15.5 billion
   -MetLife said on Monday that it would pay American International Group Inc $6.8 billion in cash and about $8.7 billion in equity securities for the American Life Insurance Co (Alico) unit
. Nomura rejigs management, Asian equities head quits
   -Nomura said Naoki Matsuba will take over as CEO for the Americas to drive its build out in the US. Matsuba, currently head of global equities, will also continue to manage that business as co-head
. No evidence of throttle failure in fixed cars: Toyota
   -However, US regulators said they are reviewing more than 60 complaints that fixes made on the recalled vehicles had not solved the problem
. Morgan Stanley strikes deal to sell China bank stake: report
   -The sale of Morgan Stanley’s entire stake in CICC is still pending regulatory approval in China, bank chairman Li Jiange said
. Toyota sued over deaths in California crash
   -The lawsuit, filed on Tuesday in San Diego Superior Court, was the latest in a wave of product-liability cases and other legal action brought against Toyota Motor Corp over complaints of sudden, unintended acceleration in its vehicles
. Peugeot, Mitsubishi rule out capital tie-up
   -Peugeot Citroen CEO Philippe Varin and Mitsubishi Motors president Osamu Masuko met on Tuesday and decided that a capital alliance “was not appropriate in the current circumstances”
. Nomura US hiring binge key to global ambition
   -The US expansion is meant to drive Nomura’s ambitious target to derive three quarters of revenues from overseas in five years, up from 50% now
. Early April deadline set for RBS asset sales: sources
   -RBS, 84% state-owned after it was bailed out by the UK taxpayer at the height of the credit crisis, was ordered last year by EU antitrust regulators to sell these and a string of other assets to compensate for billions received in state aid
. Lenovo takes aim at mobile Internet, China market
   -Lenovo entered the smartphone market with a thin, touchscreen device based on Google Inc’s Android operating system
. Toyota pressed by lawmakers as US sales drop
   -Toyota’s US sales dropped almost 9% in February from an already-low level a year earlier in the depths of the economic crisis
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