The biggest risks to the global economy are now in emerging markets, where private companies have racked up considerable debt amid a fifth straight year of slowing growth, the International Monetary Fund said Wednesday.
The unusual structure of the takeover offer for SABMiller is designed to save Altria, its biggest shareholder, an estimated tax bill of as much as $10 billion.
Blackstone is to pay $39m in compensation and fines in the latest action by US regulators to stamp out hidden fees across the private equity industry.
CEO Bj�rn Kjos said the company hopes to keep costs low by flying out of U.S. airports with low fees. (Thinkstock). Print Email · Allie Healy | ahealy@syracuse.
European plane maker Airbus filed a patent for a seating design that would literally stack passengers on top of each other. If it ever makes it to market, the layout could turn planes into a complex game of human Tetris.