Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co's GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with the matter said on Monday.
Shares of Tesla Inc closed lower for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $277 billion off the company's market value over the last month.
Apollo Global Management Inc said on Monday it will merge with Athene Holding Ltd in an $11 billion all-stock deal, bringing in-house an annuities provider that helped turn it into one of the world's largest corporate credit investors.
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JOHANNESBURG (Reuters) - South Africa’s Massmart plans to sell its food retail outlets Cambridge Food, Rhino and fruit and vegetable distributor Fruitspot to focus on high returning businesses. A worker arranges fruits on a shelf at Makro Store Riversands of South African retailer Massmart in Midrand, South Africa, August 28, 2019. REUTERS/Siphiwe Sibeko/File Photo
Massmart, which on Monday reported a narrower full-year headline loss, is majority owned by Walmart Inc and last year announced a turnaround plan to return to profit.
Shares in Massmart were up 9.29% at 0901 GMT.
The original plan involves shutting underperforming stores, exiting fresh food and launching clothing in its Game chain, which sells everything from electronics to gym equipment and home furnishings.
A group of 17 U.S. House of Representatives Democrats introduced legislation on Monday to provide $6 billion to the U.S. Postal Service (USPS) to buy tens of thousands of additional electric delivery vehicles.