Japan’s Skymark to seek revival plan approval despite creditor opposition -sources

TOKYO, May 29 (Reuters) – Failed Japanese budget carrier Skymark Airlines Inc will seek court approval on Friday for a revival plan despite opposition from creditors Airbus Group and Intrepid…

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UPDATE 3-Group proposes investing $3.5 bln in Puerto Rico utilities -source

NEW YORK, May 28 (Reuters) – A consortium of York Capital Management, NRG Energy Inc and ITC Holdings Corp have proposed investing as much as $3.5 billion in Puerto Rico’s electrical infrastructure,…

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PRESS DIGEST- British Business – May 29

May 29 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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UPDATE 1-Group proposes to invest in Puerto Rico utility infrastructure -source

NEW YORK, May 28 (Reuters) – A consortium of York Capital Management, NRG Energy and ITC Holdings have proposed investing as much as $3.5 billion in Puerto Rico’s electrical infrastructure, a source…

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Sysco defends US Foods deal from FTC, judge skeptical

(Reuters) – Lawyers for Sysco Corp, the No. 1 U.S. food distribution company, told a judge that competition from regional rivals would prevent the company from raising prices if it is allowed to buy…

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Volvo North America chief says pushing for rapid growth in U.S.

CHARLESTON, South Carolina, May 28 (Reuters)- – Volvo Car Group aims to rebuild the brand’s U.S. sales to 100,000 vehicles a year “as soon as possible,” with help from a factory the company plans to…

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French drugmaker Cellectis in sale talks -FT

May 28 (Reuters) – French cancer drugmaker Cellectis is in potential sale talks with a few suitors, including U.S. based Pfizer Inc, the Financial Times reported citing people familiar with the…

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DEALTALK-Debt-laden Fosun’s new thirst for equity funding set to intensify

* Fosun total debt at $16.7 bln, not far off its market value

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