GE Aviation Sees $35B in Deals
General Electric Aviation should secure more than $35 billion in engines and services deals, according to the unit's chief, who remained bullish on the commercial aviation market.
Goldman Sachs to Combine Private-Investing Arms
Goldman Sachs is pulling together four separate units that invest in private companies, real estate and other hard-to-access deals, creating a new unit.
ArisGlobal Sells Majority Stake to Europe's Nordic Capital
European buyout firm Nordic Capital has agreed to acquire a majority stake of U.S.-based ArisGlobal, in a deal that values the life-sciences software company at $700 million including debt.
Alibaba Proposes Stock Split To Have Capital Raising Flexibility
Alibaba Group Holding Ltd. (BABA) has proposed a one-to-eight stock split as the company seeks to increase the number of shares available for issuance at a lower per share price.
Lufthansa Slides After Second Profit Warning
Lufthansa shares fell by 12% after the carrier issued a profit warning for its 2019 outlook, the second alert this year, as overcapacity and aggressive low-cost competitors put pressure on its European operations.
Airtel Africa Sets London IPO Price Range
Airtel Africa has set its London IPO price range of between 80-100 pence a share, giving the unit of Indian telecoms giant Bharti Airtel a valuation of up to GBP3.62 billion.
AGL Energy Drops Takeover Bid for Vocus
Struggling telecommunications provider Vocus Group Ltd. has lost another suitor after AGL Energy Ltd. said it had withdrawn a nonbinding takeover offer and ceased due-diligence work on a bid.
Taiwan-Based TPK Leaves Japan Display's Bailout Investor Group
Japan Display Inc. said it still expects a bailout from an investor group worth up to $737 million, though the group's composition has changed due to the deteriorating financial condition of the Japanese company.
Flight Trials Are Near for Boeing's MAX Safety Fix
The FAA could start flight trials of Boeing's proposed 737 MAX safety enhancement as early as this week as the plane maker's chief executive vowed to restore public confidence in the jet.
Disney Overshadows Rival Studios as Reboots and Sequels Sputter
So far this summer, studios not named Walt Disney Co. are failing to capture moviegoers' attention in a significant way. Attempting to capitalize on the weekends in which Disney isn't releasing one of its blockbusters, rivals have tried to stand out with sequels and remakes of their own once-successful franchises.
(END) Dow Jones Newswires
June 17, 2019 05:15 ET (09:15 GMT)
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