Reuters UK Business

By David French NEW YORK (Reuters) – Stonepeak is in advanced talks to acquire Air Transport Services Group, a provider of aircraft leasing and cargo transportation services, for about $3.1 billion including debt, people familiar with the matter said on Sunday. The New York-based investment firm is expected to pay $22.50 per share for the …

Exclusive-Stonepeak nears $3.1 billion deal for aircraft lessor ATSG, sources say Read More »

BERLIN (Reuters) – Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. “The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW,” Blume told Sunday paper Bild …

VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper Read More »

By Mrinmay Dey (Reuters) – TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore. In a filing with the U.S. bankruptcy court for the Northern District of Texas, the company listed both …

TGI Friday’s operator files for bankruptcy amid financial woes Read More »

(Reuters) -U.S. investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a 3 billion pounds ($3.88 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on Saturday. Both Thames Water and KKR declined to comment. Thames Water, which serves about 16 …

KKR exploring investment in Thames Water share plan, Sky News reports Read More »

By Karin Strohecker LONDON (Reuters) -Ksenia Yudaeva, under sanctions from the United States, has been elected as the International Monetary Fund’s executive director for Russia and Syria, the IMF said on Friday. The executive board is the IMF’s top day-to-day business decision-making body. Executive directors are elected by member countries or by groups of countries. …

Sanctioned former Russia central banker joins IMF executive board Read More »

By Arsheeya Bajwa (Reuters) -Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm. Nvidia will join the index next week along with paint-maker Sherwin-Williams , which will replace Dow, S&P …

Nvidia to take Intel’s spot on Dow Jones Industrial Average Read More »