Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons
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
Category: Business
FCA-PSA deal terms ‘set in stone’ for 50-50 merger
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
Air France axes A380, Emirates seen cutting deliveries
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
Senate passes bill that could block Chinese firms from U.S. securities exchanges
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
Northern Trust shutting fund; an outlier or sign of future risk?
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
U.S. travelers pick car rentals over flights for holidays: travel website Kayak
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
Oil rises on lower U.S. stocks, firmer demand
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