Sumner Redstone’s National Amusements is in talks with lenders, suggesting the holding company is still grappling with financial issues.
GM kicked off formal talks with potential buyers for its Hummer division as part of a wider effort to raise cash.
British Airways is discussing a potential commercial partnership with the airline being created from Italy’s insolvent Alitalia but won’t take an equity stake.
A state-owned Chinese aluminum company joined the list of clients trying to get back assets that were frozen at Lehman’s European unit.
Carlyle has filed a lawsuit against Novolipetsk, accusing the steel producer of reneging on a deal to purchase Carlyle-owned John Maneely.
Policy makers navigating the U.S. through the credit crisis may have a new concern for 2009: deflation. The risk remains slim, but a faltering economy can set the stage for a deflationary environment.
The U.S. and leading business groups are resisting some calls from European leaders to rework the rules of global finance.
Housing starts slid 6.3% in September, the third straight monthly decline. Consumer sentiment fell sharply.