Blackstone, Lion Capital to bid for GSK’s Lucozade, Ribena: report
(Reuters) – Private equity firms Blackstone and Lion Capital have teamed up to make a formal bid worth more than a billion pounds for Lucozade and Ribena, the two soft drink brands put up for sale by drugmaker GlaxoSmithKline , Sky News reported on Sun…
Toyota heir takes centre stage in drive to shed ‘boring’ tag
NAGOYA, Japan (Reuters) – Toyota Motor Corp executives have sometimes seemed to share the personality of the automaker’s best-selling cars – dependable and efficient, but also a bit boring and bland.
Exclusive: Bear market in gold pummels Einhorn’s Greenlight fund
NEW YORK (Reuters) – Investors in David Einhorn’s Greenlight Capital Management’s offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent, two sources close to the matter said on Sunday.
The Fed and China churn already choppy waters
LONDON (Reuters) – Data this week will add spice to speculation as to when the U.S. Federal Reserve will start scaling back its stimulus while reinforcing the realization that China is serious about shifting to a less frantic growth rate.
Cuba’s non-farm co-ops debut this week amid move toward markets
HAVANA (Reuters) – One hundred state-run produce markets and 26 other establishments were scheduled to become private cooperatives on Monday as Communist-run Cuba continues to shed secondary economic activity in favor of individual initiative and marke…
Brazil to raise taxes to offset any future subsidies: minister
SAO PAULO (Reuters) – Brazil will raise taxes or cut public spending to compensate for any future subsidies it offers to support struggling sectors, Finance Minister Guido Mantega told a local newspaper in an interview published on Sunday.
VDM sale attracts bids from financial investors, paper
FRANKFURT (Reuters) – Finnish stainless steelmaker Outokumpu’s efforts to sell VDM, its high-performance alloys business, has attracted preliminary bids mainly from private equity firms such as Triton, Apollo and KPS Capital, a German daily reported.
U.S. Energy Department pledges action in handling gas export applications
VIENNA (Reuters) – Energy Secretary Ernest Moniz said on Sunday he expected to have a “fair amount of action” during 2013 in evaluating applications by companies to export natural gas from the United States.
Analysis – The buyers are back, Canada housing market defies doomsayers
TORONTO (Reuters) – Daniel DiManno sold his Toronto house for less than he had hoped and wanted to see if prices would cool before he bought a new one. But Canadian mortgage rates are rising again and that’s spurring DiManno and others to jump back int…
Bumi considers selling Bakries’ stake in market for cash: report
LONDON (Reuters) – Indonesia-focused coal miner Bumi Plc is considering selling the 23.8 percent stake held by Indonesia’s Bakrie family in the market for cash, instead of a previous plan to cancel the shares, a report on Sunday said.
