Whirlpool-Maytag deal approved
Washington: Antitrust regulators have approved Whirlpool's $1.7bn acquisition of competitor Maytag. The deal is likely to form the world's largest appliance maker.

The US Justice Department that has been investigating the deal for the past six months said the acquisition "is not likely to reduce competition substantially."

The takeover will bring some of the best-known brands in appliances under one umbrella. These include bringing together Whirlpool's KitchenAid, Roper and Consul brands with Maytag's Hoover vacuums and Jenn-Air, Amana and Magic Chef products.
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GM in talks to sell stake in Japan's Isuzu
Tokyo: The beleaguered General Motors (GM) which is selling its assets to get badly needed cash is in talks to sell its stake in Isuzu Motors.

GM holds 7.9 per cent stake in Isuzu and the move would highlight GM's pullout from Japan. Earlier this month GM sold its 17 per cent share in Suzuki Motors for $2bn, leaving it with 3 per cent. Last year GM sold its entire 20 per cent stake in Fuji Heavy Industries, the maker of Subaru cars.
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