Senators seek energy drinks data
US senators stepped up their investigation into energy drinks on Thursday, demanding that companies making products such as Monster, AMP, Red Bull and Rockstar hand over internal documents that prove they are safe. Senators Richard Blumenthal and Richard Durbin and Representative Ed Markey asked 14 energy drink companies to explain why they classify themselves as supplements and to provide information about the caffeine content of their drinks and any safety studies.
KKR and Canada fund to give loans
A leading Canadian pension fund is joining with KKR and its partners to provide financing for middle-market companies, highlighting the trend for investment firms to take over traditional banking business.
UnitedHealth eyes higher earnings
UnitedHealth, the biggest US health insurer by revenues, said yesterday that it expects to increase earnings next year in spite of changes associated with President Barack Obama’s healthcare law.
Reed Elsevier nets $300m
Shares in Reed Elsevier hit a five-year high yesterday after it sold a business that screens CVs on behalf of large companies to weed out inappropriate applicants. The sale netted the media group up to $300m.
Deals seals future of hotel groups
More than £1bn of hotel assets are expected to change hands in the coming weeks as talks over the future of three of Britain’s biggest hospitality companies conclude.
The Daily Telegraph
Financial Times touted by banks
The Financial Times is being touted for sale by investment banks including Nomura and Bank of America Merrill Lynch for up to £1bn.
Wonga to get tougher on bad debtor
Wonga, one of the biggest payday lenders, told MPs yesterday that it was considering using debt collection services in future, and aimed to start a trial shortly.
THE WALL STREET JOURNAL
Chipotle prepare to raise prices
Chipotle Mexican Grill said it is likely to raise prices later this year to mitigate the rising cost of ingredients, a potentially risky move when consumers are still feeling tight-fisted.
American Airlines gets paint job
American Airlines parent AMR unveiled a new brand and paint job on Thursday, a sign that the company is preparing to soar again after nearly completing its bankruptcy-court reorganization.