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Luxottica Group, one of the largest makers of branded and licenced sunglasses and eyewear, reported a more than 34 percent rise in profits for its fiscal year 2010 to EUR402.2 million.

Auto giant Daimler AG has returned to profitability in the wake of the global financial and economic downturn with a rebound in sales, particularly of its luxury Mercedes-Benz brand vehicles.

Wm Morrison, one of Britain's big four supermarket chains has acquired Kiddicare, an on-line retailer of baby products for £70 million.

Diageo has entered into a strategic partnership agreement with Hanoi Liquor Joint Stock Company ("Halico") in Vietnam.

With sales of beauty products at John Lewis achieving a 14 per cent increase on last year, John Lewis announced plans to launch a new in-store beauty spa concept.

Invensys Operations Management has successfully implemented an InFusion Enterprise Control System (ECS) for ExxonMobil Lubricants & Specialties Company.

Sanofi-Aventis announced that it has agreed to acquire Genzyme Corporation for $20 billion. The deal includes payments which are linked to the sales of drugs in the future. The deal is the second largest transaction in the biotech market.

CB Richard Ellis Group, the world's biggest commercial real estate services firm in terms of revenue, has further expanded its real estate investment management business in a almost $1 billion deal with ING.

Rising commodity prices and signs that the world economy is gradually regaining its footing are expected to revive South Africa's mining sector which was negatively impacted by the global economic slump, according to a new industry report.

CB Richard Ellis Group, the world's biggest commercial real estate services firm in terms of revenue, has further expanded its real estate investment management business in a almost $1 billion deal with ING.