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City of London skyscraper stake to be offered for sale

Bloomberg Gerald Ronson’s UK property company plans to sell its stake in the City of London office building known as Heron Tower, a person with knowledge of the matter said, as overseas investors pay record values for properties in the financial district. Ronson’s Heron International owns about a third of the 46-story skyscraper officially called 110 Bishopsgate. The stake will ...

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Top German automakers sued in ‘cartel’ case

Bloomberg German’s major automakers were accused in a US lawsuit of acting as a cartel, colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition — allegations that widen the scope of the latest scandal to hit the nation’s auto industry. BMW AG, Daimler AG, Volkswagen AG and its Audi and Porsche ...

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Netflix adds $500 mn credit for TV shows

Bloomberg Netflix Inc., which has been spending billions of dollars on TV shows and movies for its online video service, lined up a $500 million revolving credit facility through five lenders including Deutsche Bank AG and Goldman Sachs Group Inc. The company has the option to increase the credit line by $250 million, according to a regulatory filing on Friday. ...

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