Tesco Plc, the troubled British grocery leader, abandoned the sale of its data analytics unit Dunnhumby, raising concern that the company will need to resort to a capital increase to reduce its 21.9 billion-pound ($33 billion) pile of debt.
The gulf between SABMiller and Anheuser-Busch InBev has widened after the FTSE 100 brewing giant called on the takeover regulator to intervene when its suitor incorrectly suggested that a key shareholder was likely to back its �65bn bid.
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.