Private equity sees risks and reward in uncertain times
BERLIN (Reuters) – As anxiety over a slowing global economy grows, private equity players are looking to swoop on distressed assets but are fearful that funding could dry up.
Alibaba in talks with several banks for up to $4 billion loan: WSJ
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, the Wall Street Journal reported on Friday, citing people familiar with the matter…
Exclusive: Pratt & Whitney A320neo engine suffers new test snag
PARIS (Reuters) – Pratt & Whitney has suffered a fresh problem during testing of new aircraft engines for the Airbus A320neo, but flight trials of the latest version of Europe’s best-selling airliner are continuing, people familiar with the matter said.
China talks up growth agenda at G20 amid lack of wider policy unity
SHANGHAI (Reuters) – China sought to restore confidence in its economy as financial leaders from G20 nations gathered in Shanghai on Friday, and Premier Li Keqiang urged greater global coordination and consideration of policy spillovers.
S&P downgrades Noble Group’s rating further into junk, outlook negative
SINGAPORE (Reuters) – Ratings agency Standard and Poor’s cut Singapore-listed Noble Group’s credit rating further into junk territory on Friday and described its outlook as negative.
Big verdict doesn’t assure more wins for plaintiffs in talc-cancer cases
NEW YORK(Reuters) – The $72 million verdict this week against Johnson & Johnson in a U.S. case alleging links between talc-based powder and ovarian cancer has prompted global headlines, social media buzz and calls to lawyers from would-be plaintiffs.
BASF boss says don’t look to us for ‘big and fancy’ deals
FRANKFURT (Reuters) – The chief executive of the world’s largest chemicals group BASF dismissed any suggestion he needs to pursue larger deals to transform its diversified chemicals and oil business.
J.C. Penney results bright spot amid retail gloom
(Reuters) – Department store operator J.C. Penney Co Inc reported a higher-than-expected quarterly profit, helped by strong holiday sales and fewer discounts, sending its shares up 10 percent in premarket trading on Friday.
Apple calls FBI iPhone request ‘unprecedented’ in court filing
(Reuters) – Apple Inc on Thursday struck back in court against a U.S. government demand that it unlock an encrypted iPhone belonging to one of the San Bernardino shooters, arguing such a move would violate its free speech rights and override the will o…
Auto parts maker Magna gets boost from Europe, North America demand
(Reuters) – Canadian auto parts maker Magna International Inc reported a rise in quarterly sales, excluding the impact of a strong U.S. dollar, helped by healthy demand in Europe and North America.
