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Apollo Global Management LLC
Apollo calls off Yellow bankruptcy manoeuvres with $500mn loan sale
...But Apollo’s DIP financing proposal fell through after Yellow’s lawyers last Friday told a federal bankruptcy judge in Delaware that two other parties — MFN Partners, a Boston-based hedge fund, and Estes Express...
August 15, 2023
LexBusiness travel
Business travel: spac for flight booker coincides awkwardly with Omicron Premium content
...American Express Global Business Travel has therefore chosen an awkward time to announce a listing....
December 3, 2021
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
US & Canadian companies
Trump goes into space with order to cut red tape
...In one example of the regulatory quagmire, Moon Express went through a protracted inter-agency process to get approval for a commercial moon landing....
May 24, 2018
News in-depthUS & Canadian companies
Uber’s board halts feuding as SoftBank deal looms
...Some employees took to Twitter late on Tuesday to express their relief at finally being able to sell their shares....
October 4, 2017
Michael Skapinker
Why JFK, Heathrow and all big airports need good rail links
...I had broken my own rule: to take public transport whenever I could....
October 5, 2016
Rail
ISS backs action over National Express’s US labour relations
...National Express rejected the move and defended its employment practices....
April 29, 2015
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Retail & Consumer industry
FedEx earnings disappoint as customers seek cheaper options
...Operating income at FedEx Express, the air parcel delivery segment, grew 42 per cent to $326m, although revenues declined marginally from $6.86bn to $6.84bn....
December 18, 2013
Rail
Osaka prefecture throws out Lone Star’s bid for Japan rail assets
...All three offers were well clear of the Y67bn target price set by the government, which wanted to offload the asset – which runs an express commuter line to the south of the city – as part of a broader privatisation...
December 16, 2013
US equities
BlackBerry jumps on strong earnings
...And American Express rose 1.8 per cent to $67.39 on the week after the company’s board authorised the repurchase of up to 150m shares....
March 28, 2013
LombardUK banks
Culture and criminality spawn rogue traders
...What was extraordinary was the scale on which a flawed organisation – and his dishonesty – permitted him to express those characteristics....
November 20, 2012
European companies
TNT Express feud with shareholders widens
...The source called them “more old boys’ network”, noting that neither had experience in the transport industry....
February 6, 2012
Shipping
TNT Express rejects €4.9bn UPS offer
...Jana Partners, which together with Alberta Investment Partners owns 5 per cent of TNT Express, was the driving force behind a shareholder revolt that led to the break-up of the former TNT into TNT Express...
February 17, 2012
European companies
Debate grows over future of TNT Express
...PostNL officially says it has confidence in TNT Express’s current board....
January 16, 2012
European companies
Debate grows over future of TNT Express
...TNT Express, the Dutch express delivery company, has indicated it wants to avoid a direct conflict with activist shareholders and may accept their proposal to nominate three additional members to its board...
January 16, 2012
Rail
Fillip for National Express in Elliott battle
...Shares in National Express closed at 260.4p, up 2.8p....
April 27, 2011
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
African companies
Citadel stalks stake in ‘Lunatic Express’
...Citadel Capital has unveiled plans to become the biggest shareholder in Rift Valley Railways, operator of the “Lunatic Express” line running from Mombasa to Kampala....
February 22, 2010
LexEuropean companies
TNT
...The express arm would then be more attractive to US buyers....
December 8, 2009
Fund management
Activist hedge fund swoops for 5% TNT stake
...TNT, which took its name from the international express carrier that merged with the Dutch post office in 1996, has long been in the frame as a possible takeover target....
December 8, 2009
US downturn
Chicago plans privatisation of airport
...National Express, another UK transportation group, runs the small Stewart airport north of New York City under a 99-year lease....
May 22, 2006
Equities
EBay surge not enough to lift wary Wall St
...The news of four more attacks on London’s transport system just two weeks after the July 7 attacks also pressured the main indices....
July 21, 2005
US downturn
Dow records biggest jump in two years
...Shares in the company rose 6.7 per cent to $15.93 Transport finished higher after UPS, the express shipping company, reported higher first-quarter profits and forecast stronger growth this year....
April 21, 2005

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