SAN FRANCISCO - Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook after earnings per share beat forecasts, sending its stock 10 percent higher.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Goldman Sachs fund to invest $250 million in Geely: report
BEIJING (Reuters) - A Goldman Sachs Group private equity fund is investing about $250 million in Chinese carmaker Geely Automobile (0175.HK), a move that could free up capital for Geely's parent to bid on Ford's (F.N) Volvo unit, the Wall Street Journal reported, citing an unidentified source.
Goldman Sachs Capital Partners' purchase of Geely convertible bonds and warrants would give it an unspecified minority stake in the carmaker, an investment that would be announced on Monday, the newspaper reported, citing a Geely executive.
Goldman Sachs and Geely officials on Sunday were not immediately available to comment on the report. Geely said earlier this month that its parent was considering a bid for Volvo with a local government-backed investment firm.
(Reporting by Kirby Chien, Editing by Dean Yates)
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