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Airbnb, New York City settle rental law lawsuit

NEW YORK, Dec 2 Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals.

UPDATE 1-Brazil's Oi hints at outright debt-stock swap, sources say

SAO PAULO, Dec 2 Oi SA could scrap a proposed three-year restriction on creditors swapping part of their debt for equity, in a sign that Brazil's No. 4 wireless carrier wants to lure bondholder support to exit bankruptcy protection faster, two people with knowledge of the matter said on Friday.

Brazil's Oi signals outright debt-to-equity swap to creditors -sources

SAO PAULO, Dec 2 Oi SA could scrap a proposed three-year restriction on creditors swapping part of their debt for equity, in a sign that Brazil's No. 4 wireless carrier wants to lure bondholder support to exit bankruptcy protection faster, two people with knowledge of the matter said on Friday.

Trump creates business advisory council stacked with CEOs

WASHINGTON, Dec 2 President-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of the leaders of a variety of major U.S. corporations including GE and GM to Boeing, Disney and IBM.

LPC-Banks to launch US$5bn-equiv Micro Focus loan in Jan

LONDON, Nov 29 Around US$5bn-equivalent of leveraged loans backing UK software company Micro Focus International's acquisition of Hewlett Packard Enterprises'(HPE) software business is due to launch to syndication in January, banking sources said.

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Trump complains in tweets about Chinese policy after Taiwan call raises hackles

WASHINGTON U.S. President-elect Donald Trump complained about Chinese economic and military policy on Twitter on Sunday, showing no signs of a conciliatory approach after a phone conversation with Taiwan's president raised hackles in Beijing. | Video