Ron’s pact
Billionaire Ronald Lauder, owner of Channel 10, an Israeli TV station facing crippling debts, agreed to government terms to keep it on the air, including investing millions of dollars in the station.
Delta deal
Delta Air Lines is in talks to buy part or all of Singapore Airlines’ 49 percent stake in Virgin Atlantic and gain more access to London’s Heathrow Airport, people familiar with the situation said.
Lexus lift
Toyota expects to boost US sales of its Lexus model next year by at least 10 percent, even though taxes on the wealthy may rise.
Greece peace
German Chancellor Angela Merkel opened the possibility that Germany may ultimately accept a write-off of Greek debt, as policy makers this week attempt to engineer a buyback that’s crucial for Greece to receive more funding.
Sachs switch
Goldman Sachs, which survived the real-estate collapse with the help of derivative bets against subprime mortgages, is promoting the opposite trade to clients as housing recovers.