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
TOKYO - Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already unnerved by the U.S. Federal Reserve Chairman Ben Bernanke confirming the Fed would begin reducing its stimulus spending later this year.
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.
Bankia looks to Goldman to advise on U.S. sale
MADRID (Reuters) - Spanish state-rescued lender Bankia (BKIA.MC) is in advanced talks with Goldman Sachs about hiring the U.S. bank as its advisor on the sale of its Miami business, two sources with knowledge of the negotiations said on Friday.
"It's almost a done deal that Goldman will be hired but the deal has not been closed yet," said one of the sources.
At the end of November Bankia's chairman Jose Ignacio Goirigolzarri said that City National Bank of Florida (CNB) would be among assets due to be sold off as part of its enforced restructuring.
The two sources said it was too early to put a price on the sale.
Caja Madrid, one of the seven regional savings bank which joined to form Bankia in 2010, paid $927 million when it bought a 83 percent stake in CNB in 2008. It bought the remaining stake at a later date, without disclosing the price.
CNB, with total assets of $4.3 billion at the end of the second quarter of 2012, reported a net income of $19.8 million for the first half of last year.
(Reporting By Jesús Aguado; Editing by Greg Mahlich)
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