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  • WASHINGTON/ NEW YORK, Sept 17- Turning up the pressure on Congress to revive the U.S. Export-Import Bank, General Electric Co said on Thursday it would open a new development center for turboprop engines in Europe because it cannot access U.S. export financing. The GE's move was the latest effort by a big company to raise the alarm in Washington about the shutdown of...

  • WASHINGTON, Sept 17- General Electric Co said on Thursday it plans to create a development center for turboprop engines in Europe, citing a lack of U.S. export financing after Congress allowed the U.S. Export-Import Bank's charter to lapse in June. The company also said it will invest $55 million in Celma, Brazil, to build a new engine test facility, and will spend $23...

  • WASHINGTON, Sept 17- General Electric Co said on Thursday it plans to create a development center for turboprop engines in Europe, citing a lack of U.S. export financing after Congress allowed the U.S. Export-Import Bank's charter to lapse in June. The company said it will invest more than $400 million in the European turboprop engine development, test and...

  • GE SAYS ITS AVIATION BUSINESS WILL CONTINUE TO EXPAND INTO COUNTRIES WHERE EXPORT CREDIT AGENCY FINANCING AVAILABLE.

  • UPDATE 1-Ride-hailing services Lyft, Didi link apps Wednesday, 16 Sep 2015 | 5:08 PM ET

    Lyft users traveling in China will have access to the Didi Kuaidi app and Didi Kuaidi clients will have the option to use Lyft's services in the U.S., company executives said at a press conference in New York City. Lyft Co-founder and President John Zimmer said Didi Kuaidi invested $100 million in the San Francisco- based company as part of a financing round led by...

  • The Boston- based group clinched a royalty-based financing deal in April valuing the company at $5.5 billion, more than any other unlisted emerging biotechnology business in history. Full results from two of these, showing ITCA 650 to be more effective than Merck's Januvia in controlling blood sugar levels, were presented at the European Association for the...

  • Sept 16- General Electric Co said on Wednesday it had sold a $3.7 billion portfolio of loans from its British home lending business to private equity-backed Kensington Mortgage Co Ltd as it continues to shrink its financing arm, GE Capital. The deal, GE's third loan portfolio sale this year, nearly halves the size of the company's UK home lending business to less...

  • Sept 15- Fred DeLuca, the CEO and co-founder of Subway who helped build his sandwich shops into the world's largest restaurant chain, has died at age 67 after a long battle with leukemia, the company said on Tuesday. DeLuca helped found the first Subway restaurant in 1965 at age 17 in Bridgeport, Connecticut, with a $1,000 loan. Subway promotes its menu of sandwiches...

  • WASHINGTON/ NEW YORK, Sept 15- General Electric Co said on Tuesday it will move as many as 500 U.S. power turbine manufacturing jobs to Europe and China because it can no longer access U.S. Export-Import Bank financing, reigniting a congressional battle over the suspended institution's future. The largest U.S. industrial conglomerate said France's COFACE...

  • NATIONAL HARBOR, Md., Sept 15- Boeing Co on Tuesday said Singapore- based satellite operator Kacific had decided it would not consider a bid on a satellite contract from Boeing without financing from the U.S. Export-Import Bank, whose charter expired in June. This marks the second signed or potential satellite deal Boeing has forfeited due to the congressional...

  • WASHINGTON, Sept 15- General Electric Co said on Tuesday that it will move 500 U.S. power turbine manufacturing jobs to Europe and China because it can no longer access U.S. Export-Import Bank financing after Congress allowed the agency's charter to lapse in June. GE said that France's COFACE export agency has agreed to support some of the industrial giant's...

  • WASHINGTON, Sept 15- General Electric Co said on Tuesday that it will move 500 U.S. power turbine manufacturing jobs to Europe and China because it can no longer access U.S. Export-Import Bank financing after Congress allowed the agency's charter to lapse in June. GE said that France's COFACE export agency has agreed to support some of the industrial giant's...

  • MOSCOW, Sept 11- Russia's En+, a group of metals and energy companies controlled by businessman Oleg Deripaska, has refinanced a $1.04- billion credit facility with VTB Bank, Russia's second-largest lender, the group said on Friday. The new maturity date of the loan is December 2019, extendable for two more years, En+ added in a statement. En+, which holds a stake in the...

  • NYC taxi lenders face risks after Uber suit dismissed Thursday, 10 Sep 2015 | 5:11 PM ET

    NEW YORK, Sept 10- New York credit unions that have run up large exposures to the city's iconic yellow cabs are facing a sharp increase in loan losses after a judge threw out a legal challenge to ride-hailing service Uber Technologies Inc. Queens County Supreme Court Judge Allan Weiss dismissed the suit on Wednesday, saying that the city's Taxi and Limousine...

  • Sept 10- Apple Inc's financing plan for its new iPhones is likely to force U.S. carriers to work harder to win and retain customers. T-Mobile US Inc was the first carrier to react to Apple's announcement. It is unlikely Verizon and AT&T will change plans anytime soon since a majority of their subscribers are on corporate or family plans, which typically see less...

  • EXCLUSIVE-HNA plans China's first Islamic finance deal Thursday, 10 Sep 2015 | 12:31 AM ET

    *Geneva- based Shariah Advisory Group advising on the deals. SYDNEY, Sept 10- HNA Group, owner of Hainan Airlines, is planning the first Islamic financing deal by a mainland Chinese company, highlighting a growing push by China's private firms to find funding overseas as domestic loans remain scarce and costly. The shipping and airlines conglomerate plans to...

  • Corporate debt deals are surging. Here's why Wednesday, 9 Sep 2015 | 4:08 PM ET
    A trader signals an offer in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) in Chicago.

    The high-grade bond market is springing back to life as corporations race to issue new debt and get out in front of a possible Fed interest rate hike.

  • Sept 9- Troubled surf and skate clothing seller Quiksilver Inc filed for Chapter 11 bankruptcy protection for its U.S. units on Tuesday, hurt by falling demand. Quicksilver has requested the court to allow Oaktree Capital Management to provide $175 million in debtor-in-possession financing for the company. The case is in U.S. Bankruptcy Court, District of...

  • Sept 8- Surf and skate clothing seller Quiksilver Inc may file for bankruptcy as early as Tuesday evening, Bloomberg reported citing sources. Oaktree Capital Management will provide debtor-in-possession financing for Quiksilver, according to people familiar with the matter, Bloomberg said. Bloomberg had reported last week that Quiksilver was seeking a...

  • ATHENS, Sept 7- Turned down for a 10,000 euro loan, George Sarris is one of hundreds of thousands of small business owners shunned by Greek banks. Pointing to the parliament building overlooking his small cafe in Athens' Syntagma Square, the 35- year-old blames Greece's turbulent politics for the troubles of its banking system. This is the background against...