In a deal that new France President Nicholas Sarkozy helped engineer, a private-equity firm controlled by the Dubai government has invested $850 million to purchase a 3.1% strategic stake in the troubled parent of European airliner-maker Airbus SAS.
About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning. With his latest project, Private Briefing, Bill takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.