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BusinessLatest Business and Company Updates
Oil bounces off November lows, but bloated US stockpiles pressure market
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising
Region
Gulf’s Mega‑Fund Exits Bank of America Stake
Kuwait Investment Authority, the sovereign wealth fund managing over US $1 trillion in assets, has divested a US $3.1 billion stake in Bank of America, according to sources familiar with the unregistered block trade. The shares were sold at US $47.95 each—at the bottom of
U.S. bankruptcy court judge OKs $425 million for Avaya loan
By Jessica DiNapoli | NEW YORK NEW YORK A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap
French carmaker PSA discusses deal to buy GM's Opel
By Pamela Barbaglia and Edward Taylor | LONDON/FRANKFURT LONDON/FRANKFURT PSA Group (PEUP.PA) is holding talks with General Motors (GM.N) about buying
