Wizz Air to keep growing as east Europeans fly more
BUDAPEST (Reuters) – When a group of Hungarian businessmen told the manager of a shabby air strip in southern Poland that they wanted it as a base for a new airline, none of them had any idea that it would quickly become the biggest low-cost carrier in…
Murdoch tells G20 governments to take a back seat for growth
SYDNEY (Reuters) – Media mogul Rupert Murdoch on Thursday criticized excessive financial regulation as stymieing free markets and urged Group of 20 governments to “take a back seat” to allow businesses to drive economic growth.
U.S. sanctions set to slow Rosneft’s dollar debt, not oil deals
NEW YORK (Reuters) – President Barack Obama aimed a direct blow at Russia’s economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world’s crude and over 8 percent of the country’s GDP.
Exclusive – Red flags: Alibaba’s Ma and Ma’s private equity firm
HONG KONG/BEIJING (Reuters) – When a fast-growing private equity firm co-founded by Jack Ma sought funding from institutional investors for the first time in early 2013, almost all had one major concern, its chairman said: was the firm independent from…
Hedge fund plans American Apparel future without ex-CEO Charney
(Reuters) – Standard General, a little-known hedge fund that has taken the reins of American Apparel, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney.
Puerto Rico bonds crash high-yield municipal debt party
NEW YORK (Reuters) – It looked like there was no stopping the runaway returns for high-yield U.S. municipal bonds earlier this year. But that has all come to a screeching halt in the past few weeks thanks to a bombshell coming out of the Caribbean.
Exclusive: GM recalls some cars with problematic switches; judges others safe
DETROIT (Reuters) – General Motors Co last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash. But the automaker has concluded that more than…
Fox-Time Warner deal could bring the game to ESPN
(Reuters) – Twenty-First Century Fox’s plan to buy Time Warner could create an upheaval in the sports television world, creating the first meaningful challenge to Walt Disney Co’s ESPN.
Global airline CEOs upbeat on revenue growth prospects: survey
(Reuters) – Airlines are confident that their industry will boost revenue over the next year and consider joint ventures a more viable growth driver than mergers, a PricewaterhouseCoopers survey of nearly 40 chief executive officers at carriers worldwi…
U.S. foreclosure activity hits lowest level since 2006: RealtyTrac
WASHINGTON (Reuters) – Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop through the first half of next year, an industry group said on Th…
