U.S. core capital goods orders fall for second straight month in October
WASHINGTON, Nov 26 (Reuters) - New orders for U.S.-made capital goods unexpectedly fell for a second straight month in October, a sign that the economy lost some momentum early in the fourth quarter.
Carlyle, Old Mutual to acquire South African tyre firm from Ethos
JOHANNESBURG (Reuters) - U.S. buyout firm Carlyle Group LP and the private equity arm of insurer Old Mutual have agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday. The deal, still subject to approval from South African competition regulators, is for an undisclosed sum, Ethos said. This marks the first acquisition for Carlyle's $700 million African fund in the continent's most developed economy.