Sweden's Fagerhult AB said on
Friday it had signed a deal to acquire Italian lighting group
iGuzzini illuminazione S.p.A. for a total enterprise value of
385 million euros ($438 million) on a cash and debt-free basis.
The U.S. Securities and
Exchange Commission said on Friday it had settled charges with
automated investment management providers Wealthfront Advisers
LLC and Hedgeable Inc to resolve allegations that the companies
had made false disclosures to their customers.
A bear market in the so-called
FAANG stocks - Wall Street's most popular trade going into the
year - is pushing fund managers into searching for the next big
growth companies that can lead the overall market higher.
Germany is to ban flights in and
out of the country by Iran's Mahan Air, which is under U.S.
sanctions over allegations it ferries troops and supplies into
Syria in support of President Bashar al-Assad, a newspaper
reported on Friday.
European shares closed flat to
slightly higher on Friday, recouping earlier heavy losses as
comments from an influential U.S. policymaker soothed some
concerns about rising borrowing costs and the threat of a U.S.