Zayo sets terms on $1.85 billion repricing loan
NEW YORK (Reuters) – Bandwidth infrastructure provider Zayo Group aims to cut pricing on $1.85 billion of outstanding loans, joining a wave that has struck the U.S. leveraged loan market, sources told Thomson Reuters LPC.
Cost to borrow Twitter shares drops, interest wanes
NEW YORK (Reuters) – The cost to borrow Twitter’s stock dropped further on Thursday thanks to a growing supply of shares available for loan, including to traders looking to bet on a decline in the share price, data showed on Thursday.
Monte Paschi posts third quarter loss, bad loans rise
MILAN (Reuters) – Italy’s scandal-hit Monte dei Paschi posted its sixth straight quarterly loss in the three months to September, highlighting the challenges the bailed-out Tuscan bank faces to lure private investors and avoid nationalization.
Vivendi says SFR split plan on track for mid-2014
PARIS (Reuters) – Vivendi said it was progressing with its plan to hive off its largest business, France’s No. 2 telecom operator SFR, and had not seen red flags that could derail the project slated for middle of next year.
Lockheed Martin to cut 4,000 jobs as U.S. defense spending falls
ATLANTA (Reuters) – Lockheed Martin Corp , the world’s largest defense contractor, said on Thursday it plans to slash 4,000 jobs and shutter plants in several states to reduce costs in the face of declining U.S. defense spending.
U.S. trade, labor data underscore sluggish economy
WASHINGTON (Reuters) – The U.S. trade deficit widened in September as imports rose to their highest level in almost a year and exports fell for a third consecutive month, suggesting the third-quarter growth estimate will probably be lowered.
McDonald’s to spend up to $3 billion on new restaurants, remodeling
(Reuters) – McDonald’s Corp on Thursday said it plans to spend $2.9 billion to $3 billion next year to open 1,500 to 1,600 new restaurants and remodel about 1,000 others – roughly in line with this year’s reduced spending forecast.
Barclays to cut 1,700 UK branch jobs due to automation
LONDON (Reuters) – British bank Barclays said on Thursday it was cutting 1,700 jobs in its UK network as automation increases across its branches.
U.S. FCC eases foreign investment limit for broadcast stations
WASHINGTON (Reuters) – U.S. Federal Communications Commission on Thursday voted to relax decades-old rules that effectively prohibited foreign owners from having more than a 25 percent stake in American TV and radio stations.
Bailout fund should not help clean up euro zone banks: German official
BRUSSELS (Reuters) – The euro zone’s future mechanism to restructure or wind down weak banks should not use the bloc’s bailout fund (ESM) as backstop for its actions, a German government official said on Thursday.
