BRIEF-Automotive Finco Corp announces dividend increase and $40 mln financing
* Automotive Finco Corp. Announces significant transaction, dividend increase and $40 million financing
OTTAWA Feb 8 Canadian housing starts edged higher in January compared with the previous month, suggesting ground breaking on new homes was off to a strong start in 2017, data from the national housing agency showed on Wednesday.
The seasonally adjusted annualized rate of housing starts rose to 207,408 units from a downwardly revised 206,305 in December, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to decline to 200,000. (Reporting by Leah Schnurr)
AMSTERDAM, May 29 A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries, handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion euro ($28 billion) proposed offer.