Canadian private equity firm Onex’s buyout of UK safety and survival equipment maker Survitec will be backed with around 300 million pounds ($457 million) of leveraged loans, banking sources said on Wednesday.
North America
RadioShack in talks to sell leases on stores to Sprint
RadioShack Corp, expected to file for bankruptcy next month, is in talks to sell leases on some of its stores to telecoms operator Sprint Corp, Bloomberg said, citing a person with direct knowledge of the matter.
Los Angeles to require taxis to use Uber-style mobile apps
Taxi drivers in Los Angeles will be required to use an Uber-style app allowing riders to hail cabs from mobile phones, city officials decided on Thursday, in a move to help licensed taxis compete against ride-sharing services.
Intel forecasts disappointing revenue; shares fall
Chipmaker Intel Corp (INTC.O) forecast current-quarter revenue and gross margins that disappointed investors, sending its shares down more than 2 percent in extended trading.
GM sees improved profit in 2015 on China, U.S. growth
General Motors Co (GM.N) on Wednesday forecast its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States.
Latest News
Changing their previous stance, two influential proxy advisory firms advised Family Dollar Stores Inc shareholders to vote for the retailer's acquisition by Dollar Tree Inc, saying the deal offered more certainty of closure.
Boeing Co (BA.N) on Wednesday said it was disappointed by the U.S. Air Force's decision to award Northrop Grumman Corp (NOC.N) a contract worth up to $963.5 million to maintain the nation's stockpile of nuclear missiles, and had asked for a briefing about the decision.
Senior executives at JPMorgan Chase & Co (JPM.N) are pressuring managers across the bank to cut costs, after disappointing revenue growth has hurt profits, a person familiar with the matter told Reuters on Wednesday.
Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O) (BB.TO) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O) in the corporate market, according to a person familiar with the matter and documents seen by Reuters.
Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co (NYT.N) after exercising warrants to double his stake in the publisher to 16.8 percent.
U.S. stocks slumped shortly after the opening bell on Wednesday to extend recent declines, as worries over weak economies globally continued to pressure commodities and as U.S. retail sales for December fell short of expectations.
Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank's profit and some employees' bonuses, people familiar with the matter told Reuters.
Mindbody, a company that makes software to help run fitness and yoga studios, has selected banks for a potential initial public offering that could value it at more than $700 million, according to people familiar with the matter.
Etsy Inc, a global marketplace for handmade goods and crafts supplies, is planning an initial public offering that could take place as soon as this quarter, Bloomberg said, citing people with knowledge of the matter.
