Posts From King World News

Buffett's Berkshire nears deal for Precision Castparts

The purchase of Precision Castparts, which makes aircraft components and energy-production equipment, could be announced as soon as next week and cost more than $30 billion, assuming typical premiums for mergers, according to the Wall Street Journal, which first reported the news. Precision Castparts’ market value was $26.7 billion on Friday. Neither Berkshire nor Precision Castparts returned calls and emails seeking comment.

Greek government says discussing draft of third bailout deal

Greek government officials discussed a draft of the country’s third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days. Athens is racing to wrap up the bailout agreement of as much as 86 billion euros ($94.35 billion) by as early as Tuesday in a bid to get the first disbursement of

Greek government says discussing draft of third bailout deal

Greek government officials discussed a draft of the country’s third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days. Athens is racing to wrap up the bailout agreement of as much as 86 billion euros ($94.35 billion) by as early as Tuesday in a bid to get the first disbursement of

Greek government says discussing draft of third bailout deal

Greek government officials discussed a draft of the country’s third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days. Athens is racing to wrap up the bailout agreement of as much as 86 billion euros ($94.35 billion) by as early as Tuesday in a bid to get the first disbursement of

Lufthansa, cabin crew eye pay accord by November

Lufthansa (LHAG.DE) and the union representing cabin crew say they are confident they will reach an agreement in a protracted dispute over pay and pensions. The cabin crew union, UFO, representing about 19,000 flight attendants, opposes changes to company pension plans and has for more than a year been negotiating with Lufthansa over a new wage contract. “I’m convinced that we can find constructive solutions,” Lufthansa personnel chief Bettina Volkens

Lufthansa, cabin crew eye pay accord by November

Lufthansa (LHAG.DE) and the union representing cabin crew say they are confident they will reach an agreement in a protracted dispute over pay and pensions. The cabin crew union, UFO, representing about 19,000 flight attendants, opposes changes to company pension plans and has for more than a year been negotiating with Lufthansa over a new wage contract. “I’m convinced that we can find constructive solutions,” Lufthansa personnel chief Bettina Volkens

Lufthansa, cabin crew eye pay accord by November

Lufthansa (LHAG.DE) and the union representing cabin crew say they are confident they will reach an agreement in a protracted dispute over pay and pensions. The cabin crew union, UFO, representing about 19,000 flight attendants, opposes changes to company pension plans and has for more than a year been negotiating with Lufthansa over a new wage contract. “I’m convinced that we can find constructive solutions,” Lufthansa personnel chief Bettina Volkens

Swiss banks step up battle for Asia's super-rich

ZURICH/HONG KONG (Reuters) – UBS’s giant banner on Hong Kong’s One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia’s burgeoning ranks of millionaires. Switzerland’s wealth managers have long courted Asia’s super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has

Swiss banks step up battle for Asia's super-rich

ZURICH/HONG KONG (Reuters) – UBS’s giant banner on Hong Kong’s One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia’s burgeoning ranks of millionaires. Switzerland’s wealth managers have long courted Asia’s super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has

Swiss banks step up battle for Asia's super-rich

ZURICH/HONG KONG (Reuters) – UBS’s giant banner on Hong Kong’s One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia’s burgeoning ranks of millionaires. Switzerland’s wealth managers have long courted Asia’s super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has