- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.
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.
EADS board backs CEO after BAE deal collapses
PARIS (Reuters) - The board of EADS (EAD.PA) renewed its confidence in Chief Executive Tom Enders a day after the collapse of merger talks with BAE Systems (BAES.L) and encouraged him to continue his leadership of the company, an EADS spokesman said.
"The board expressed strong support for Tom Enders and his team and encouraged him to continue on his track," the spokesman said on Thursday.
Talks to create a $45 billion aerospace and defense company with BAE broke down on Wednesday amid political disagreements over the deal.
(Reporting by Tim Hepher; Editing by James Regan)
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