- Bloomberg
Alstom Soars as Train Maker’s Debt Plan Reassures Investors
(Bloomberg) -- Alstom SA shares jumped after the troubled train maker moved to shore up its balance sheet to cope with continuing problems stemming from its acquisition of Canadian rival Bombardier Inc. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireFTX Has Billions More Than Needed to Pay Bankruptcy VictimsThe stock climbed as much a
- Reuters
UPDATE 2-European stocks rebound after last week's selloff, eyes on earnings and data
The continent-wide STOXX 600 index rose 0.6%, rebounding from last week's selloff triggered by geopolitical concerns as well as worries that the Federal Reserve will delay interest rate cuts. Greece's ATHEX index gained 2.0% after credit ratings agency S&P revised the country's outlook to "positive" from "stable".
- Reuters
Alstom sells North American conventional signalling business for around $670 million
The proceeds from the sale, net of expected tax and transaction costs, should amount to around 620 million euros. The deal is expected to close as soon as the summer, Alstom said, following regulatory approval. The transaction is part of Alstom's plan to reduce its debt by 2 billion euros, which will be revealed in detail on May 8.
