NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
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.
UK would veto BAE/EADS if terms not right
LONDON (Reuters) - The British government would be prepared to use its 'golden share' to veto the proposed $45 billion merger between EADS (EAD.PA) and BAE Systems (BAES.L) if the terms were not right for Britain, a defense ministry source said.
Priorities for the British government include jobs and future security for BAE plants in Britain. It would also insist that the defense business is based in Britain with a British chief executive, said the source, who spoke on condition of anonymity.
"(Prime Minister) David Cameron, (business minister) Vince Cable and (defense minister) Philip Hammond don't really want France and Germany owning more than 9 percent - they want a combined company to be a commercial organization and free of overt political influence," the source said.
Three German sources said on Monday that the merger talks are at risk of failing due to the divergent stances of the governments involved.
(Reporting by Rhys Jones, Writing by Rosalba O'Brien)
- Tweet this
- Share this
- Digg this