GE Selling Biopharma Unit in $21.4 Billion Deal

Credit to Author: Darrell Proctor| Date: Mon, 25 Feb 2019 21:32:59 +0000

General Electric’s (GE’s) sale of its biopharma unit on February 25 is designed to reduce the company’s overall debt load, and CEO Larry Culp said the deal is the latest step in his plan to strengthen the whole of GE, particularly the company’s struggling Power division. GE on Monday agreed to sell the biopharma part […]

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Malaysia hopes China will sympathize with its fiscal woes

Malaysia hopes China will sympathize with its fiscal woes

BEIJING, China — Malaysian Prime Minister Mahathir Mohamad says he hopes China will sympathize with his country’s fiscal problems as he meets with Chinese leaders after suspending multibillion-dollar Beijing-backed projects in his country. Mahathir said at a news briefing Monday with Chinese Premier Li Keqiang that he hopes China will understand Malaysia’s situation as it […]

The post Malaysia hopes China will sympathize with its fiscal woes appeared first on Inquirer News.

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Increasingly Debt-Laden, Regulated Utility Sector Outlook Veers from ‘Stable’ to ‘Negative’

For the first time since it began conducting sector outlooks, Moody’s Investors Service has downgraded the regulated utility sector from stable to negative. The new outlook reflects a surge in financial risks in the sector as more individual companies in the regulated space funnel funds to debt. Using an analysis of 42 of the largest […]

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