Exclusive: Verizon launches auction to sell data centers – sources
(Reuters) – Verizon Communications Inc has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core busine…
Volkswagen brand chief confident of finding solution to U.S. diesel issues
(Reuters) – The head of Volkswagen AG’s top-selling brand said on Tuesday he is confident the German automaker will reach agreement with U.S regulators to bring nearly 500,000 diesel vehicles into compliance with U.S. emissions laws.
Global stocks hit by China worries, North Korea nuclear test
LONDON (Reuters) – World stocks fell for a fifth day on Wednesday as China fueled fears about its economy by allowing the yuan to weaken further and a nuclear test by North Korea added to a growing list of geopolitical worries.
AirAsia sets up $1-billion funding program to shore up finances
SINGAPORE (Reuters) – Asia’s largest budget airline, AirAsia Bhd , has set up a $1-billion financing plan through a multicurrency medium-term note program, months after it faced calls to shore up its financing in tough operating conditions.
GM China auto sales rise 5.2 percent in 2015
BEIJING (Reuters) – General Motors Co’s vehicle sales in China rose 5.2 percent to 3.61 million in 2015, the U.S. carmaker said on Wednesday.
Valeant to appoint interim CEO as Pearson remains hospitalized: source
(Reuters) – Valeant Pharmaceuticals International Inc will appoint an interim chief executive officer to replace Michael Pearson who is hospitalized, a source familiar with the matter told Reuters, news that sent shares down 7 percent on Tuesday. The s…
Oil prices edge higher after dropping to near 11-year lows
SINGAPORE (Reuters) – Oil prices edged higher on Wednesday, rebounding from near 11-year lows in the previous session as concerns over growing supply and rising stock levels outweighed tensions between key Middle East producers.
30 listed Chinese firms say big shareholders to extend selling ban
SHANGHAI (Reuters) – A total of 30 Chinese listed companies have said so far that their controlling shareholders or senior executives would not sell shares on the secondary market within the next six or 12 months to help stabilize China’s stock market …
Valeant plans to appoint new CEO as Pearson remains hospitalized: WSJ
(Reuters) – Valeant Pharmaceuticals International Inc is planning to appoint a new CEO as Chief Executive Michael Pearson remains hospitalized, the Wall Street Journal said, citing people familiar with the matter.
Pimco Total Return posts December inflow on reinvestments
NEW YORK (Reuters) – Pacific Investment Management Co’s flagship fund posted an inflow of $1.3 billion in December on clients’ reinvestments of capital gains, the Newport Beach, California-based firm said on Tuesday.
