Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
LONDON - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on Thursday.
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
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.
Carlyle near deal with SocGen on TCW: sources
NEW YORK |
NEW YORK (Reuters) - Private equity firm Carlyle Group LP (CG.O) is close to clinching a deal with Societe Generale (SOGN.PA) for the takeover of the French bank's Los Angeles-based asset management arm TCW, three people familiar with the matter said on Thursday.
A deal, which would also involve TCW's management, could be announced as early as Thursday, the people said. TCW's management and employees are set to increase their ownership of the asset manager to a substantial minority position, one of the sources added.
Societe Generale and Carlyle declined to comment.
(Reporting by Greg Roumeliotis and Jennifer Ablan in New York; Editing by Gerald E. McCormick)
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