Qantas extends flight cancellations for two more months, raises more debt
FILE PHOTO: Workers can be seen near Qantas Airways, Australia’s national carrier, Boeing 737-800 aircraft on the tarmac at Adelaide…
J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout
(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to…
Boeing hires Lazard, Evercore to assess government aid or private loans: source
WASHINGTON (Reuters) – Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or…
Honeywell renews $1.5 billion revolving credit agreement
FILE PHOTO – A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition…
Exclusive: Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money – sources
(This April 10 story has been refiled to fix typo in ‘aid’ in paragraph nineteen.) FILE PHOTO: A flight attendant…
U.S. Treasury temporarily blocks creditor seizure of refiner Citgo
CARACAS (Reuters) – The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders…
Netflix shares jump as subscribers grow ahead of Disney, Apple attack
(Reuters) – Netflix Inc (NFLX.O) added slightly more paying subscribers than Wall Street expected in the third quarter, a relief…
Groups bidding for PES refinery due to tour fire-damaged site: sources
NEW YORK (Reuters) – Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of…
Final Thomas Cook holiday-makers to fly home to Britain
FILE PHOTO: An Airbus A320 of Thomas Cook Airlines lands at Duesseldorf Airport, Germany September 23, 2019. REUTERS/Wolfgang Rattay LONDON…
Saudi Aramco seeks project finance loan of more than $1 billion: sources
DUBAI (Reuters) – Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1…
Aston Martin secures $150 million from bond issue
FILE PHOTO: The Aston Martin Lagonda Vision Concept car is pictured during the 88th Geneva International Motor Show in Geneva,…
After LSE’s sharp rebuff, HKEX begins investor charm offensive
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) is embarking on a three-week charm offensive with London Stock Exchange…
Juul raises over $750 million in expanded funding round
FILE PHOTO: A sign advertising Juul brand vaping products is seen outside a shop in Manhattan in New York City,…
Avianca to pack more seats into planes as part of recovery plan, executive says
A logo of aviation company Avianca is pictured at the headquarters building in Bogota, Colombia August 29, 2019. REUTERS/Luisa Gonzalez…
Three U.S. bond kings wield same strategy, get same result: lag their peers
NEW YORK (Reuters) – Three names dominate the U.S. world of bond investing – Jeffrey Gundlach, Dan Ivascyn and Scott…
SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon…
PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s…
Preserve your ammunition, BIS urges top central banks
LONDON (Reuters) – Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition…
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) –…
Deutsche Bank to set up 50 billion euro bad bank: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt,…
Goldman Sachs combining its private-investing units: WSJ
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York…
Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official
(Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving…
Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official
(Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving…
Catalent seeks slice of gene therapy market with Paragon buy
(Reuters) – Contract drugmaker Catalent Inc said on Monday it would buy privately held Paragon Bioservices Inc for $1.2 billion…
German lawmakers challenge deputy finance minister’s Goldman link in bank merger
BERLIN/FRANKFURT (Reuters) – German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs, alleging a conflict of…
Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising…
Britain’s HMV faces the music as retailer calls in administrators
(Reuters) – Music retailer HMV said on Friday it was calling in the administrators, blaming a worsening market for entertainment…
One trillion yuan: China state carmaker FAW gains huge credit line
BEIJING/SHANGHAI (Reuters) – China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line…
Netflix adds to growing debt pile with $2 billion bond issue
(Reuters) – Netflix Inc (NFLX.O) announced on Monday it will tap debt markets for a second time this year, aiming…
Exclusive: HNA held talks with Ant, others as it weighs options for IT unit Pactera – sources
HONG KONG (Reuters) – China’s HNA Group is exploring an outright sale and other options for its IT outsourcing unit…
Machines take the blame as U.S. stock market sells off
NEW YORK (Reuters) – Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a…
Italy works on extending Alitalia loan deadline: source
ROME (Reuters) – Italy is working on an extension of as much as six months to a Dec. 15 deadline…
Exclusive: Mattress Firm explores U.S. bankruptcy to close stores – sources
(Reuters) – Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways…
Buffett’s Berkshire offers loan to owner of former Sears properties
NEW YORK (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is loaning up to $2 billion to the company…
U.S. mergers help bank fees spike to record highs
NEW YORK (LPC) – A record $1.45 trillion of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and…
Exclusive: Tesla hits Model 3 manufacturing milestone, hours after deadline – factory sources
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) nearly produced 5,000 Model 3 electric sedans in the last week of its…
Bayer launches $7 billion cash call to fund Monsanto deal
BERLIN (Reuters) – Bayer (BAYGn.DE) launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the…
Fiat Chrysler boss to tackle Europe, bet on Jeep in his last lap
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCHA.MI) boss Sergio Marchionne is expected to show on Friday how the carmaker plans…
U.S. gunmaker Remington emerges from bankruptcy
(Reuters) – Remington Outdoor Co Inc FREDM.UL, one of the largest U.S. makers of firearms, has emerged from Chapter 11…
Government borrowing costs rise as oil heads back to the 80s
LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to…
Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed
LONDON (Reuters) – Lawyers for Royal Bank of Scotland (RBS.L) asked an ex-employee to destroy confidential documents, according to a…
Sivantos and Widex in $8 billion merger to create No.3 in hearing aids
COPENHAGEN/FRANKFURT (Reuters) – Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest…
A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network…
Credit raters put pressure on Deutsche Bank over new strategy
FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) new chief executive Christian Sewing needs to come up with a convincing strategy swiftly…
Musk insists Tesla does not need more capital, predicts profit soon
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not…
Volkswagen rushed revamp triggers labor concern: sources
BERLIN/MUNICH (Reuters) – Labor representatives at Volkswagen (VOWG_p.DE) are concerned by a sudden rush by the German carmaker’s board to…
T-Mobile restarts talks to acquire Sprint: source
(Reuters) – T-Mobile US Inc (TMUS.O) is engaged in a new round of talks to acquire Sprint Corp (S.N), a…
Sberbank to own biggest single stake in Croatia’s Agrokor – report
ZAGREB (Reuters) – Russia’s Sberbank (SBER.MM) may get around 30 percent of Croatia’s indebted food group Agrokor following a debt…
Tesla says no need for capital raise as Model 3 output rises
(Reuters) – Tesla Inc quashed any speculation it might need to raise more capital this year on Tuesday, driving the…
U.S. gunmaker Remington files for bankruptcy
(Reuters) – Remington Outdoor Co Inc , one of the largest U.S. makers of firearms, filed for bankruptcy protection on…
JCDecaux open to bidding for U.S. peers but nothing planned: CEO
PARIS (Reuters) – French outdoor advertising company JCDecaux (JCDX.PA) could consider bidding to take over U.S. competitors Clear Channel (CCO.N)…
Success for Uber’s direct loan despite driverless fatality
NEW YORK (LPC) – Uber Technologies’ self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company’s unconventional…