BA cancels flights from London's Heathrow, Gatwick after IT outage
LONDON, May 27 British Airways said it had cancelled all flights from London's Heathrow and Gatwick airports scheduled before 1700 GMT on Saturday due to a global computer outage.
(Updates to add KKR's response)
April 21 Italy's two largest banks, UniCredit and Intesa Sanpaolo, are teaming up with U.S. private equity firm Kohlberg Kravis Roberts to pool some of their bad loans into a vehicle that will provide fresh capital for the struggling companies, the Financial Times reported.
The preliminary agreement, which also involves restructuring adviser Alvarez & Marsal, will be announced on Tuesday, the paper said on its website on Monday.
The announcement is likely to say the four companies have signed a memorandum of understanding but are still working out many details, FT said.
The vehicle could house several billion euros of loans, the paper said.
The two Italian banks are considering how much of their bad loan portfolio to transfer into the vehicle and whether to contribute fresh funds themselves, the FT reported.
KKR declined to comment on the article.
UniCredit, Intesa, and Alvarez & Marsal could not immediately be reached for comment outside regular working hours.
(Reporting by Karen Rebelo in Bangalore; Editing by Richard Chang, Bernard Orr)
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.
May 26 Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc's restaurants over a span of three weeks, the company said on Friday, adding to woes at the chain whose sales had just started recovering from a string of food safety lapses in 2015.