How $5 billion of debt caught up with Toys ‘R’ Us
(Reuters) – Toys “R” Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. reta…
Toshiba selects Bain group as buyer of its memory chip business: sources
TOKYO (Reuters) – Japan’s Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly contentious …
Airbus opens China A330 plant amid market push
TIANJIN (Reuters) – Airbus SE on Wednesday opened its Chinese completion plant for A330 jets, with hopes that an increased presence in the world’s fastest growing aviation market would help boost demand for the firm’s profitable but ageing wide-body j…
Buffett calls pessimists about United States ‘out of their mind’
NEW YORK (Reuters) – Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett’s optimism for the country’s prospects over the long term — even 100 years into the future.
Asia steady after Wall St sets record highs, dollar treads water
TOKYO (Reuters) – Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day…
Uber reviews Asia business over bribery allegations in U.S.: Bloomberg
(Reuters) – Uber Technologies Inc [UBER.UL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg report…
Asia steady after Wall St. notches record highs, dollar holds firm
TOKYO (Reuters) – Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day…
Cyber attack, hurricane weigh on FedEx quarterly profit
(Reuters) – Package delivery company FedEx Corp said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast.
Wall Street edges higher; U.S. Fed meeting in focus
(Reuters) – The three major U.S. stock indexes edged higher on Tuesday, logging closing records, with financial stocks providing the biggest boost a day ahead of the Federal Reserve’s concluding statement from its two-day policy meeting.
Veon must face lawsuit over bribery disclosures: U.S. judge
NEW YORK (Reuters) – A U.S. judge said Veon Ltd shareholders may pursue much of a lawsuit accusing the multinational phone company once known as VimpelCom of inflating its share price by concealing a bribery scheme in Uzbekistan and overstating its f…
