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Bloomberg
Spanish Banks May Face Larger Provisions, Vanguardia Says - Bloomberg
3, La Vanguardia said, citing unidentified people familiar with the matter. The Bank of Spain's head of regulation, Jose Maria Roldan, and the central bank's head of financial stability, Daniel Perez, met banking representatives to explain the ...
Abu Dhabi's IPIC Can Supply Oil to Spain, Expansion Says - Bloomberg
... Abu Dhabi's sovereign wealth fund that owns Spanish oil company Cepsa, is available to supply the oil to the European country if there is an embargo on Iran, Expansion reported citing unidentified people familiar with the matter.
Foreclosure Deal With Banks Said to Ensure Same Terms for All 50 States - Bloomberg
Both declined to be identified because the negotiations aren't public. Foreclosure Standards All 50 states announced an investigation into bank foreclosure practices in October 2010. A group of state attorneys general and federal officials have since ...
AMR's Horton Expects American to Exit Bankruptcy Without Merger - Bloomberg
US Airways Group Inc. (LCC) has confirmed hiring advisers to examine a possible bid, while Delta Air Lines Inc. (DAL) has done the same, a person familiar with the matter has said. Making an acquisition is a possibility after AMR reorganizes, ...
AutoTrader.com Said to Be in Talks About Possible IPO of Buyer-Seller Site - Bloomberg
Talks regarding an AutoTrader IPO are in early stages and the owners could decide against a deal, said the person, who declined to be named because the process is private. Private-equity firms are seeking to shed assets and return money to their ...
Paulson's Advantage Plus Fund Said to Gain 5% in January After 2011 Plunge - Bloomberg
John Paulson, the billionaire money manager who had his worst year on record in 2011, posted a 5 percent gain in January in one of his largest hedge funds, according to a person briefed on the returns, who asked not to be identified because the ...
PepsiCo Recruiting Ex-Wal-Mart Exec Cornell - Bloomberg
The hiring might not happen, said the people, who asked not to be identified because the discussions are private. Other companies also are trying to recruit Cornell, one person said. Peter Land, a PepsiCo spokesman, declined to comment.
S&P 500 Extends Best Start to Year Since '89 - Bloomberg
While Blackstone is in talks with Brocade, which has been seeking a buyer since 2009, reaching a deal may be difficult, said the person, who declined to be identified because the matter isn't public. Brocade, a maker of switches for data-storage ...
Chicago Gasoline Surges After BP Whiting Catalytic Cracker Shut - Bloomberg
The unit is one of two catalytic crackers at the 420000- barrel-a-day plant, according to a person familiar with refinery operations who declined to comment because the information isn't public. The discount for conventional, 87-octane gasoline in ...
New York Fed Said to Be Seeking Bids for More Bonds Assumed in AIG Rescue - Bloomberg
The auction, which may come as soon as next week, may involve about $6 billion of debt, said one of the people, who declined to be identified because the potential transaction is private. The central bank said it sold $7.01 billion in face value of the ...
Carlyle Drops Class-Action Lawsuit Ban - Bloomberg
... Inc. and Credit Suisse Group AG, are planning a road show early in the second quarter to market the shares to investors, according to a person with direct knowledge of the plans, who asked not to be identified because the information isn't public.
Hacker Group 'Anonymous' Intercepted Call Between FBI, U.K. Tied to Probe - Bloomberg
The person declined to give her name. “The guys who did this are the best we have,” Brown said, referring to the Anonymous members who stole the e-mails and intercepted the FBI call. Brown said the e-mails, which go back as far as 2009, ...
Falcone's Harbinger Capital Lost 47% Last Year on LightSquared Venture Bet - Bloomberg
The fund's other losses came from a portfolio of private- equity investments that tumbled about 31 percent in 2011, according to the person, who asked not to be identified because the fund data is private. The biggest holding in the so-called ...
TFL Said to Start Sale With First-Round Bids Due This Month - Bloomberg
A wide range of potential buyers have expressed interest in the Weil am Rhein, Germany-based company, said one of the people, who declined to be identified as the information is private. Creditors are seeking a buyer for the whole business, ...
Wall Street Split Over Bank Foreclosure Deal - Bloomberg
... planned to release a statement last week urging government negotiators to protect innocent investors, amid reports that banks will get credit for lowering the balances of mortgages packaged into bonds, three people familiar with the matter said.
Spain Coaxes Banks to Merge as Extra Time Given to Purge Losses - Bloomberg
The FROB will buy the bonds at market prices, and the yield hasn't been set yet, said a spokesman for the Economy Ministry today, who declined to be named in line with government policy. The bonds, known as CoCos, convert into equity if capital ratios ...
Carter Holt Said to Complete NZ$1.45 Billion Loan With KEB - Bloomberg
... the wood products firm owned by New Zealand billionaire Graeme Hart, completed general syndication of a NZ$1.45 billion ($1.2 billion) loan after receiving a commitment from Korea Exchange Bank, said a person familiar with the matter.
Obama Said to Curtail $21 Billion Plan to Expand Military Presence in Guam - Bloomberg
President Barack Obama plans to curtail a plan costing as much as $21.1 billion to expand the US military's presence in Guam and instead will rotate some of the Marines through the Asia-Pacific region, people familiar with the matter said.
Lightspeed Venture Said to Be Raising $875 Million for U.S., China Funds - Bloomberg
The Menlo Park, California-based firm's US fund is gathering about $675 million, with the remaining $200 million going to the China fund, said the people, who asked not to be identified because the information isn't public. Venture capital firms are ...
Euro Is Set for Weekly Drop Against Major Peers on Greek Debt Concern - Bloomberg
The Ministers will discuss current issues without briefing reporters after the meeting, according to the spokesman, speaking on the condition of anonymity. Luxembourg Prime Minister Jean-Claude Juncker said Greek bond-swap talks with private creditors ...
Blackstone Said to Study Brocade Buyout - Bloomberg
While Blackstone is in talks with Brocade, which has been seeking a buyer since 2009, reaching a deal may be difficult, said the person, who declined to be identified because the matter isn't public. Brocade, a maker of switches for data storage ...
McDonald's Plans $750 Million of Debt as Yields Near Record Lows - Bloomberg
The firm is also offering $250 million of 2.625 percent 10-year notes that may pay a spread of 52 basis points, said the person, who declined to be identified because the offering is private. Oak Brook, Illinois-based McDonald's sold $500 million of ...
Oil Royalty Raise on U.S. Lands 'Not Imminent,' Agency Says - Bloomberg
A proposal to increase royalty rates for energy production on federal lands isn't imminent and won't be included with President Barack Obama's 2013 budget proposal this month, an administration official said. Environmental groups including the ...
Harvard Targeted in Asian Discrimination Probe - Bloomberg
The agency is looking into a similar August 2011 allegation against Princeton as part of a review begun in 2008 of that school's handling of Asian-American candidates, said the spokesman, who declined to be identified, citing department policy.
Societe Generale to Close Private Banking Office in Bahrain - Bloomberg
Societe Generale decided to centralize its private banking business in the UAE, said the official, who declined to be identified because the matter is private. Zawya Dow Jones reported the news earlier today. Societe Generale opened the wealth ...