NEW YORK (Reuters) – U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai’s debt woes will be contained.
DUBAI (Reuters) – The Dubai government said on Monday it was not responsible for the debts of Dubai World, dealing a blow to creditors’ assumptions that the Arab emirate would guarantee the conglomerate’s liabilities.
NEW YORK, Nov 30 (Reuters) – General Electric Co and
Vivendi SA have agreed in principle to value the
French company’s 20 percent stake in NBC Universal at $5.8
billion, a source familiar with the matter said on Monday,
paving the way for Comcast’s proposed deal with GE.
* French government expects sale to complete in 2010
(Confirms exclusive talks, adds GE comment)
* Deal seen neutral to slightly accretive to 2010 EPS
(Adds details on Dune, after-hours share price)
NEW YORK, Nov 30 (Reuters) – A Kuwaiti conglomerate is
suing private equity firm Carlyle Group [CYL.UL] in a local
court, alleging that it misrepresented the safety of affiliate
Carlyle Capital Corp (CCC), a public debt fund that collapsed
in 2008, the Financial Times reported on Monday.
* Board recommends Mill Road bid, rejects Cosmos offer
(Adds details on offer, Cosmos comments)
* Forest to repay debt using sale proceeds * SandRidge
raises 2010 production, capex view
U.S. banks have roughly $10 billion of exposure to the United Arab Emirates, with Citigroup Inc. and JPMorgan Chase & Co. accounting for the bulk of it, according to CreditSights.
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Citigroup said Monday that it has hired Willem Buiter, a former Bank of England official who has criticized the Federal Reserve for being too close to Wall Street, as its chief economist.
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