FRANKFURT (Reuters) -Porsche Automobil Holding SE said on Monday it is part of an investor group that is taking a 35% stake in Flix SE, owner of Greyhound services in North America and FlixBus in Europe. Porsche, which controls German carmaker Volkswagen, said it was co-investing with private equity firm EQT and investor Klaus-Michael Kuehne, among others, and that its...

12:49 PM EDT, 08/12/2024 (MT Newswires) -- Thomson Reuters ( TRI ) on Monday launched a professional-grade GenAI assistant, CoCounsel 2.0, which it says functions as an extra team member and three times faster than the first generation of CoCounsel. CoCounsel 2.0 is able to handle complex, multi-step work, by helping professionals pinpoint key knowledge in databases, communicate detailed information,...

12:47 PM EDT, 08/12/2024 (MT Newswires) -- Stellantis ( STLA ) is facing a difficult situation amid potentially weaker H2 volumes, as well as pricing and production pressure from high North America inventories, following a disappointing H1, Morgan Stanley said in a note Monday. As a result, the investment firm said it now expects a full-year 2024 adjusted operating income...

Aug 12 (Reuters) - Janus Henderson ( JHG ) said on Monday it was buying private credit manager Victory Park Capital, as the asset manager seeks to expand its footprint in the private equity lending space. Money managers are vying for a slice of the growing private credit market, which emerged after the 2008 financial crisis. Private credit funds are...