Reuters US Business

AmEx Global Business Travel to go public via $5.3 billion Apollo SPAC deal

(Reuters) – American Express Global Business Travel (GBT) said on Friday it would merge with a blank-check firm backed by Apollo Global Management Inc to go public in a deal valued at around $5.3 billion. The deal with Apollo Strategic Growth Capital (ASGC) will deliver gross proceeds of up to $1.2 billion, including a $335 …

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Instant view: US November payrolls rise falls far short

NEW YORK (Reuters) – U.S. employment increased far less than expected in November, likely as millions of unemployed Americans remained home despite companies boosting wages, generous jobless benefits expiring and schools fully reopening. Nonfarm payrolls increased by 210,000 jobs last month, the Labor Department said on Friday. Economists polled by Reuters had forecast payrolls advancing …

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Soccer-Real Madrid, Barcelona propose alternative to CVC investment in LaLiga

MADRID (Reuters) -Top Spanish football clubs Real Madrid and Barcelona have proposed a 2 billion euro ($2.26 billion) bank credit to finance the country’s top soccer league in a bid to derail an approved cash injection offered by private equity fund CVC. The CVC deal is due to receive final approval on Dec. 10 and …

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