Techno Youth

(Reuters) - Precision Castparts Corp , which makes metal components for the aerospace industry, said it will buy Titanium Metals Corp for $2.9 billion in cash. Precision Castparts offered $16.50 per share for the maker of titanium metal products -- a 43 percent premium to the stock's Friday close. "(Titanium Metals) will provide us with the titanium capability that has always been a key missing piece of our overall product portfolio," Precision Castparts Chief Executive Mark Donegan said in a statement. Precision Castparts expects the acquisition to immediately add to its earnings. ...

Shares of Spreadtrum Communications Inc., which makes chips for smartphones and other electronics, fell Friday after it reported earnings that missed expectations.

TORONTO (Reuters) - Canada's TMX Group Ltd will focus on paying down C$1.5 billion ($1.50 billion) in loans, even as it looks for chances to expand its business through acquisitions, the operator of the Toronto Stock Exchange (TSX) said on Friday. TMX reported a third-quarter profit in its first quarterly statement since it was taken over by a consortium of major Canadian financial institutions, but said earnings were hurt by a slowdown in capital markets activity and uncertain macroeconomic conditions. ...

(Reuters) - Telus Corp reported a stronger third-quarter profit on Friday, as increased smartphone adoption boosted earnings from its wireless business and spurred the Canadian telecom company to raise its quarterly dividend. Wireless data revenue jumped 23 percent in the third quarter ended September 30 as the proportion of postpaid subscribers using smartphones rose to 63 percent, from 48 percent a year earlier. The Vancouver-based company, one of Canada's largest telecom players, raised its quarterly dividend to 64 Canadian cents a share, from 61 Canadian cents. ...

TORONTO (Reuters) - Brookfield Asset Management Inc's profit rose in the third quarter as a raft of strong acquisitions and client appetite for the Canadian investor's property and infrastructure assets fueled revenues. Brookfield said it had net earnings of $334 million, or $0.48 a share, in the third quarter, up from $253 million, or $0.36 cents a share, in the same quarter a year ago. Funds from operations rose to $282 million, or $0.40 a share, in the quarter, up from $241 million, or $0.35 a share, a year earlier. That was short of analysts' forecasts for FFO of $0. ...