China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Clear Channel banks to fund buyout: report
NEW YORK (Reuters) - The banks that had been trying to pull out of the funding for the $20 billion buyout of Clear Channel Communications (CCU.N) have reached a settlement with the private equity firms that had sued them, the Wall Street Journal reported on Monday.
Under the terms of the deal, the banks will fund a takeover at a price of $36 a share, the newspaper said in its Web site.
(Reporting by Christian Plumb)
