Fortum to sell Finnish power distribution grid for $3.5 billion
HELSINKI (Reuters) – State-controlled Finnish utility Fortum has agreed to sell its local power distribution grid to a group of institutional investors led by First State Investments and Borealis Infrastructure for 2.55 billion euros ($3.5 billion).
EU to open lengthy probe into Telefonica, KPN deal: sources
FRANKFURT/BRUSSELS (Reuters) – EU antitrust regulators will open an in-depth probe into Telefonica’s proposed 8.6 billion euro ($11.9 billion) takeover of KPN’s German unit next week, three people familiar with the matter said on Thursday.
UK firm involved in fatal Scottish crash grounds EC135 helicopter fleet
LONDON (Reuters) – UK-based air services company Bond Aviation said on Thursday it had grounded its global fleet of 38 EC135 helicopters following a technical fault, less than two weeks after one of its aircraft crashed into a Scottish pub, killing nin…
GM yet to reap full benefits of European alliance plans
FRANKFURT (Reuters) – General Motors Co scaled back its alliance with Peugeot on Thursday and put a brave face on yet another setback for its efforts to seek growth in Europe through collaboration and partnerships.
Retail sales rise in November, boost economic outlook
WASHINGTON (Reuters) – U.S. retail sales rose solidly in November as Americans bought automobiles and a range of other goods, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulu…
Import prices fall for second straight month
WASHINGTON (Reuters) – U.S. import prices fell for a second straight month in November as the cost of petroleum and food dropped, suggesting imported inflation pressures remained subdued.
World shares hit one-month low on Fed jitters
LONDON (Reuters) – Global equities slipped to a one-month low on Thursday after a provisional budget deal in Washington prompted speculation the Federal Reserve policymakers will start trimming its stimulus as early as next week.
Lululemon forecasts flat Q4 same-store sales; shares tumble
TORONTO (Reuters) – Lululemon Athletica Inc said on Thursday it expects flat same-store sales in the crucial fourth quarter, sending its shares sharply lower even as the Canadian yogawear chain reported third-quarter earnings that beat expectations.
UK’s Blockbuster chain to close down
LONDON (Reuters) – British film and computer games rental chain Blockbuster is to close down completely after administrators said they had failed to secure a buyer for the firm.
American Airlines to buy up to 70 of CRJ900 NextGen aircraft
TORONTO (Reuters) – Bombardier Inc said on Thursday that American Airlines Group Inc would buy 30 of its CRJ900 NextGen aircraft and had also taken options on an additional 40 planes.
