- 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.
American, US Airways boards approve merger: source
NEW YORK |
NEW YORK (Reuters) - The boards of AMR Corp (AAMRQ.PK) and US Airways Group (LCC.N) separately met on Wednesday and approved a merger agreement, a person familiar with the matter said.
The deal will be announced early on Thursday, the person said, asking not to be named because the matter is not public yet.
(Reporting by Soyoung Kim in New York; Editing by Gary Hill)
- Tweet this
- Share this
- Digg this