Greenberg’s Starr leads $4.4 billion MultiPlan acquisition
(Reuters) – Former AIG boss Maurice “Hank” Greenberg’s Starr Investment Holdings LLC said on Monday it had agreed to take over health insurance claims processor MultiPlan Inc in what is by far its biggest private equity investment to date.
U.S. hedge fund buys Lloyds debt in NCC: Sky News
(Reuters) – U.S.-based Anchorage Capital Group has acquired about 80 million pounds ($134 million) of debt from Lloyds Banking Group for a controlling stake in New Century Care (NCC), one of Britain’s biggest care home groups, Sky News reported on Mond…
White House report on economic stimulus rekindles debate five years later
RANCHO MIRAGE, California (Reuters) – President Barack Obama marked the five-year anniversary of a controversial economic stimulus plan by releasing a report on Monday saying that government spending averted a second Great Depression, setting off a new…
Weak spending shows Japanese consumer doubts about Abenomics
TOKYO (Reuters) – Japanese consumers ended last year with a whimper instead of the bang many had expected, reinforcing a nagging worry that the prime minister’s aggressive policies are struggling to find support among those key to its success.
BOJ to hold fire, keep upbeat economic view despite soft GDP
TOKYO (Reuters) – The Bank of Japan is expected to keep monetary policy steady on Tuesday and maintain its upbeat view on the economy, unfazed by recent signs of slower growth and suggesting that any additional stimulus will be some time away.
Conservative group’s anti-union effort to target U.S. auto plants
WASHINGTON (Reuters) – A conservative group that helped defeat an organizing campaign by the United Auto Workers in Tennessee will take its anti-union fight to other auto plants in the South, its leaders said on Monday.
Soros cuts J.C. Penney, trims Herbalife, others follow
NEW YORK (Reuters) – Soros Fund Management, one of the hedge fund industry’s most closely watched investors, trimmed its stakes in J.C. Penney and Herbalife late last year, marking a notable shift in course only months after buying into the companies.
Peugeot family approves draft Dongfeng deal: sources
PARIS (Reuters) – PSA Peugeot Citroen’s founding family gave the go-ahead on Monday for a 3 billion euro ($4.1 billion) tie-up with China’s Dongfeng that would draw a line under one of France’s oldest industrial dynasties, sources said.
VW’s Scania truck alliance in focus as board meets: sources
BERLIN (Reuters) – Volkswagen will focus later this week on its long-standing ambition to become Europe’s biggest truck manufacturer which could set the stage for the hiring of ex-Daimler executive Andreas Renschler, sources familiar with the matter sa…
Vodafone lodges complaint over Telefonica in Spain
MADRID (Reuters) – Vodafone has lodged a complaint against Spanish rival Telefonica , alleging it is abusing its position in Spain to reduce competition for telecoms, Internet and television services.
