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.
GM to discuss buying stake in South Korean unit from KDB: GM executive
SEOUL (Reuters) - General Motors Co (GM.N) plans to have talks to buy a stake in its South Korean unit from the unit's second-biggest shareholder, Korea Development Bank(KDB), the head of GM Korea said on Thursday.
GM owns close to 77 percent of GM Korea but Korea Development Bank's 17 percent holding gives the state-run bank the right to veto decisions made by the automaker.
Tim Lee, head of international operations at GM, made an "informal offer" last week, an official at state-run KDB said.
"We have agreed during our meeting that we will progress with this discussion on a confidential basis," GM Korea President and CEO Sergio Rocha told reporters, confirming the meeting.
(Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)
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