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GE close to selling private equity lender to top Canada pension fund

General Electric Co is nearing an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada's biggest pension fund, according to a source familiar with the matter.


American Airlines CEO cites capacity growth risks

American Airlines Group Inc Chief Executive Doug Parker voiced concern on Sunday about the risk that capacity growth among airlines could depress profits, but told Reuters that in contrast with past cycles, the rise in capacity "feels different."

Boeing predicts both strong air traffic and plane sales this year

Boeing Co (BA.N) said it expects airline passenger traffic to rise more than 6 percent in 2015, possibly close to 6.5 percent, above its long-range forecast of about 5 percent.

Japanese firms pay high price for Asia M&A spree: Tokio Marine president

Japanese firms have been so busy paying top dollar in overseas acquisitions that sellers looking to offload assets in Asia now expect them to pay over the odds, according to the head of the country's biggest insurer, Tokio Marine Holdings Inc (8766.T).


Latest News

Two leading Indian power firms will build several plants in Bangladesh to produce up to 4,600 megawatts of electricity to ease the country's prolonged power crisis, a senior official said on Saturday.
Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began.
Deutsche Bank appointed John Cryan as its new CEO on Sunday after co-chief executives Anshu Jain and Juergen Fitschen resigned following criticism from investors.
US-based ride-sharing company Uber and its local rival Ola's licence applications has been rejected by the Delhi government, according to Reuters.
Orange CEO Stephane Richard announced expansion plans in North Africa. The French mobile company has recently launched 4G service in Jordan while its representative expressed willingness to end ties with Israel.
The chairman of a Chinese company that develops online games has agreed to pay $2,345,678 for a private lunch with billionaire investor Warren Buffett, winning a charity auction.
Hardcore fans of Mortal Kombat X might see a new character added in the expanding kombatant roster, NetherRealm's boss Ed Boon teased via his official Twitter account.According to the game's frontman, Meat might appear in the upcoming Mortal Kombat X character DLC. Such possibility of a Meat DLC was most recently hinted by Boon in his cryptic tweet saying, "I'm interpreting this as a sign: 'Meat' must be in Kombat Pack 2."
The developer's Creative Director Mike Laidlaw has confirmed that a new story-based DLC for Dragon Age Inquisition is in the works following the release of the first major story and single player expansion, Jaws of Hakkon, initially to Xbox One in March and to PS4, PS3 and Xbox 360 a couple of weeks ago.
Internet television service Netflix plans to expand into Italy and Portugal later this year, the company said on Saturday, as part of a bid to expand its popular streaming TV service to some 200 countries worldwide within two years.
Stock investors are expected to tread carefully next week, as speculation about the timing of a U.S. Federal Reserve interest rate hike adds to concerns about valuations.