Delta wins U.S., EU antitrust approval on Virgin stake
WASHINGTON (Reuters) – Delta Air Lines Inc won European and U.S. antitrust approval to buy a 49 percent stake in British airline Virgin Atlantic , antitrust enforcers in Brussels and Washington said on Thursday.
Putin says Rosneft close to $60 billion China oil deal
ST PETERSBURG, Russia (Reuters) – Rosneft plans to sign a deal to supply China with oil worth $60 billion, Russian President Vladimir Putin said on Thursday, in what could be a further shift in Russian oil flows away from Europe.
Exclusive: Card payment firm Nets hires JP Morgan for 1-2 billion euro sale – sources
LONDON/NEW YORK (Reuters) – Europe’s number 2 card payment processor Nets has hired JP Morgan to sell the business for 1-2 billion euros, four people with direct knowledge of the matter said.
Saab parent to appeal dismissal of $3 billion lawsuit vs GM
DETROIT (Reuters) – Dutch sports car maker Spyker NV said on Thursday it will appeal a U.S. judge’s decision to dismiss its $3 billion lawsuit accusing General Motors Co of trying to bankrupt Swedish automaker Saab.
UK’s new watchdog tells banks to raise another $20 billion
LONDON (Reuters) – Britain’s banks will have to raise 13 billion pounds ($20.4 billion) of extra capital and meet a new cap on lending ahead of international peers as the Bank of England seeks to curb risk in the financial sector.
ATR urges owners to approve new aircraft
PARIS (Reuters) – Aircraft manufacturer ATR is pushing its owners to approve plans for a new 90-seat turboprop plane to provide cut-price competition to smaller passenger jets, its chief executive said at the Paris Airshow.
Home resales rise to three-and-half year high; prices jump
WASHINGTON (Reuters) – Home resales rose in May to the highest level in 3-1/2 years and prices jumped, a sign the housing sector recovery is gathering steam and could give the economy a significant boost this year.
Kodak strikes post-bankruptcy loan deal with banks
(Reuters) – Eastman Kodak Co said on Thursday that it had reached a $895 million financing deal with three Wall Street banks that will help fund its rebirth as commercial imaging business after the former film pioneer emerges from bankruptcy.
Emerging powers gain clout in foreign fighter jets push
LONDON (Reuters) – After years of dictating the terms under which they supplied top of the range fighter planes and weaponry to a volatile third world, western defense contractors are increasingly losing the upper hand to their Middle East and Asian cu…
New regional jet duo squeezes Bombardier out
PARIS (Reuters) – Bombardier’s shift upmarket showed signs of backfiring at the Paris Airshow this week, as its arch-rival in the small passenger jet category, Embraer, piled on orders for an upgraded plane and a new Japanese challenger vowed to win bu…
