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Luca Casiraghi

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NORWEGIAN AIR Shuttle is raising $353 million in a rights issue underwritten by investors including shipping magnate John Fredriksen. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

Norwegian Air gets lifeline with backing of Norway’s richest man

NEW YORK - Norwegian Air Shuttle ASA gained the backing of Norway’s richest man, providing some stability to the struggling discount carrier as it searches...

Distressed credit draws hedge fund clients, Morgan Stanley says

LONDON - Investor interest in hedge funds betting on distressed credit is growing as weaker economic growth creates more investment opportunities, according to Morgan...
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