U.S. dealmaking at record year-to-date high
LONDON (Reuters) – Dealmaking in the United States has made its strongest start to a year since Reuters records began in 1980, climbing 52 percent year on year to $746.9 billion in the Jan. 1 to May 28 period.
High spirits battle: Asia tycoons vie for cognac maker Louis Royer
HONG KONG/BANGKOK (Reuters) – Thai billionaire Charoen Sirivadhanabhakdi is considering buying cognac maker Louis Royer, people familiar with the matter said, potentially locking horns with a Philippine tycoon for the French firm amid a forecast reboun…
Japan’s Skymark submits bankruptcy plan despite creditor opposition
TOKYO (Reuters) – Japan’s failed budget carrier Skymark Airlines Inc submitted a restructuring plan for court approval on Friday despite opposition from the two main creditors owed about two-thirds of its roughly 300 billion yen ($2.4 billion) debt.
Dollar, Chinese shares steady as Europe wobbles
LONDON (Reuters) – The dollar inched higher on Friday, putting it on track for a monthly rise in May, while Chinese shares steadied after a plunge a day earlier that stoked concerns about the financial health of the world’s second largest economy.
Unrepentant Lehman ex-CEO Fuld says firm ‘was not bankrupt’
NEW YORK (Reuters) – Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke.
Japan’s Skymark to seek revival plan approval despite creditor opposition: sources
TOKYO (Reuters) – Failed Japanese budget carrier Skymark Airlines Inc will seek court approval on Friday for a revival plan despite opposition from creditors Airbus Group and Intrepid Aviation Ltd , two people familiar with the matter said.
Airbus debates new A320 output hike, suffers test glitch
TOULOUSE (Reuters) – Airbus is leaning toward a new hike in production of its A320 jet, raising the stakes in a battle with Boeing to translate record orders into tangible deliveries, but has yet to decide on the risks of handling unprecedented volumes…
Avago to buy Broadcom for $37 billion in biggest-ever chip deal
(Reuters) – Avago Technologies Ltd agreed on Thursday to buy Broadcom Corp for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players.
Unrepentant Lehman ex-CEO Fuld says firm ‘was not bankrupt’
NEW YORK (Reuters) – Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke.
U.S. pending home sales race to nine-year high in April
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market.
