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Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons
May 28, 2020May 22, 2020 mon-assoorg

Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons

Business

Buyout firm Apollo Global Management (APO.N) said on Wednesday it has invested $1.75 billion in Albertsons Companies Inc, a sign of confidence in the debt-laden

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FCA-PSA deal terms ‘set in stone’ for 50-50 merger
May 27, 2020May 22, 2020 mon-assoorg

FCA-PSA deal terms ‘set in stone’ for 50-50 merger

Business

Terms of a planned merger between Fiat Chrysler (FCHA.MI) and Peugeot-owner PSA (PEUP.PA) are set in stone, FCA’s chairman said on Wednesday, brushing off talk

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Air France axes A380, Emirates seen cutting deliveries
May 26, 2020May 22, 2020 mon-assoorg

Air France axes A380, Emirates seen cutting deliveries

Business

The world’s largest airliner, the Airbus (AIR.PA) A380, took a step closer to the aviation archives on Wednesday as Air France said it would permanently

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Senate passes bill that could block Chinese firms from U.S. securities exchanges
May 25, 2020May 22, 2020 mon-assoorg

Senate passes bill that could block Chinese firms from U.S. securities exchanges

Business

The U.S. Senate passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they follow standards for

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Northern Trust shutting fund; an outlier or sign of future risk?
May 24, 2020May 22, 2020 mon-assoorg

Northern Trust shutting fund; an outlier or sign of future risk?

Business

Northern Trust Corp’s decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one

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U.S. travelers pick car rentals over flights for holidays: travel website Kayak
May 23, 2020May 22, 2020 mon-assoorg

U.S. travelers pick car rentals over flights for holidays: travel website Kayak

Business

Travel website Kayak is seeing more demand for car rentals than air travel from customers looking to avoid crowds and stay closer to home as

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Oil rises on lower U.S. stocks, firmer demand
May 22, 2020 mon-assoorg

Oil rises on lower U.S. stocks, firmer demand

Business

Oil prices rallied on Wednesday after U.S. crude inventories fell in the most recent week, but gains were capped by worries over the economic fallout

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