Ryanair Holdings Plc may be asked by a U.K. regulator to sell part of its 29.8 percent stake in Aer Lingus Group Plc over concerns the holding may lead to higher prices on routes between the U.K. and Ireland.
ThyssenKrupp AG secured the chance to help develop a submarine for Australia after the country signed an agreement with Sweden’s government clearing the way for the involvement of the company’s Kockums AB unit.
Australia is committing to buying 100 F-35 Joint Strike Fighters, the Pentagon’s most expensive weapons system, as the nation released its long-term defense strategy that seeks to balance competing interests of the U.S. and China in the Asia-Pacific.
President Barack Obama’s proposal to wean the Tennessee Valley Authority from the U.S. government faces the same obstacles that have frustrated privatization advocates since President Dwight Eisenhower termed the state- controlled power company “creeping socialism” in the 1950s.
Stephen Smith, portfolio manager at Brandywine Global Investment Management LLC, discusses the policies of Federal Reserve Chairman Ben S. Bernanke. Smith talks with Bloomberg's Pimm Fox and Vonnie Quinn on Bloomberg Radio's "Taking Stock."
PMI Group Inc., the mortgage insurer whose main unit was seized by regulators last month, won’t default on more than $700 million in bonds if a judge puts PMI back in charge, Chief Executive Officer L. Stephen Smith said.
Spanish and Italian bonds are more attractive than U.S., German and French securities with European leaders likely to prevent the region’s sovereign-debt crisis from worsening, according to Brandywine Global Investment Management’s Stephen Smith.