News

More than 630,000 shifted accounts in October in blow to Big Six

* LME Zinc price, spreads and stocks: https://tmsnrt.rs/2QVTXvJ

* Analysts say downward pressure is building (Adds Breakingviews link)

U.S. companies' borrowing to spend on capital investment rose 6 percent in October from a year earlier, a trade group representing capital equipment lenders said on Tuesday.

Instacart said on Tuesday it hired Bangaly Kaba as vice president of growth from Facebook Inc's Instagram as the grocery delivery startup tries to make itself a household name.

* Apax given due diligence access until Dec. 12 (Adds details of the deal, analyst comment and background on the company)

Turkey and the United States have discussed returning a jailed executive from state-owned lender Halkbank to Turkey where he can serve the rest of his sentence from an Iran sanctions-busting case, Foreign Minister Mevlut Cavusoglu said on Tuesday.

French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct.

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Detroit is eyeing savings from a just-launched redemption offer for bonds it issued in 2014 as part of the city's exit that year from its historic bankruptcy, municipal officials said on Tuesday.

Drugstore owner Walgreens Boots Alliance Inc and health insurer Humana Inc are in preliminary discussions to take equity stakes in each other, the Wall Street Journal reported https://www.wsj.com/articles/walgreens-humana-are-in-preliminary-talks-to-take-stakes-in-each-other-1542746915?tesla=y&mod=breakingnews on Tuesday, citing people familiar with the matter.