Embraer’s net proceeds from Boeing deal the same, despite higher price
Brazil’s Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent.
Carlyle nearing deal to buy StandardAero for more than $5 billion: sources
Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.
Siemens, Alstom offer to sell high-speed train technology: sources
Siemens and Alstom have offered to sell either one of their high-speed train technology to address EU antitrust concerns about their plan to create a Franco-German rail champion, people familiar with the matter said on Monday.
Global stocks dip as ‘Santa Claus rally’ elusive, oil rises
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
U.S. ethanol producers seek pricing reform as markets plunge, ADM sells
U.S. ethanol producers stung by collapsing prices are seeking changes to the way benchmark values for the biofuel are established, arguing the current system used by exchanges is vulnerable to manipulation, according to sources.
DoubleLine’s Gundlach says U.S. equities are in long-term bear market
Jeffrey Gundlach, chief executive of DoubleLine Capital, on Monday said the S&P 500 stock index is headed to new lows and that U.S. equities are in a long-term bear market.
BNY Mellon to pay more than $54 million for improper handling of ADRs: SEC
The top U.S. securities regulator on Monday said that Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts, U.S. securities representing foreign shares of a foreig…
Czech cyber watchdog calls Huawei, ZTE products a security threat
The Czech cyber watchdog warned network operators on Monday against using software or hardware made by Chinese telecom equipment suppliers Huawei and ZTE , saying they posed a security threat.
Retailers, health stocks lead Wall Street lower; banks help ease pain
Wall Street dropped on Monday, but recovered from a slide of over 1 percent, weighed down by an Amazon-led drop in retailers and weakness in health stocks, with gains in banks ahead of a widely expected rate hike limiting losses.
Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow
Goldman Sachs Group Inc , Morgan Stanley and Bank of America Merrill Lynch are regaining clout in Latin America’s largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows.
