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Bloomberg
Romney Seen Costing Private Equity as Pensions Warn of Backlash - Bloomberg
Public pensions are sensitive to protracted debates about managers' compensation and whether buyouts create value and jobs, because they must answer to ordinary workers, said one official, who asked not to be named because he wasn't authorized to speak ...
New York Times Co. Faces Leadership Vacuum - Bloomberg
Times Co. is looking for a non-family member to be CEO, making it unlikely the 62-year-old Golden will take on that role, said two people familiar with the matter. Robinson will receive an exit package totaling more than $21 million, ...
Blackstone Said to Seek Debt in Bid to Take Over Chicago's Hancock Tower - Bloomberg
Blackstone, based in New York, is close to completing a deal to buy $100 million of mezzanine debt on John Hancock Center so it can try to take control of the tower, according to people with knowledge of the situation who declined to be named because ...
Thirty-Five Pounds of Cocaine From Mexico Turn Up in UN Mailroom - Bloomberg
Two forged diplomatic pouches containing a total of 35 pounds (16 kilos) of cocaine were delivered last week to the UN headquarters building in New York, according to a UN official speaking on condition of anonymity. The packages, delivered to the mail ...
Peru's Camposol Selling Five-Year Bonds to Yield 10% - Bloomberg
The company will price the securities today, said the person, who asked not to be identified because terms aren't set. Credit Suisse Group AG and Banco Santander SA are managing the sale. To contact the reporter on this story: Veronica Navarro Espinosa ...
Former Merrill Lynch Broker in Einhorn Insider Case Said to Face U.K. Fine - Bloomberg
s Merrill Lynch, facing an investigation over inside information given to Greenlight Capital Inc. Chairman David Einhorn, may be fined 350000 pounds ($550000) by the UK finance regulator, a person familiar with the matter said.
Apax Said to Plan $1.5 Billion in Financing for Orange Switzerland Buyout - Bloomberg
The financing includes 225 million francs of term loan A, 400 million francs of term loan B, 100 million francs of revolving credit and 125 million francs of credit facility for capital expenditure, said the people, who declined to be identified ...
Braskem to Sell $250 Million of 2021 Bonds to Yield 5.8% - Bloomberg
Braskem SA, Latin America's biggest petrochemicals maker, plans to sell $250 million more of its global dollar bonds due in 2021, according to a person familiar with the plan. The bonds may yield about 5.8 percent and will be sold today, ...
Peru's Cofide Hires Banks to Set Up Meetings With Bond Investors - Bloomberg
Corporacion Financiera de Desarollo SA, Peru's state development bank, hired Deutsche Bank AG and JPMorgan Chase & Co. to arrange meetings with bond investors, according to a person familiar with the discussions. Cofide, as the bank is known, ...
Cable Carrier WaveDivision Said to Explore Sale That May Fetch $1 Billion - Bloomberg
Royal Bank of Canada and Waller Capital Corp., a New York- based investment bank, are advising on the process, said the person, who declined to be identified as deliberations are private. The possible value of the transaction is based on previous deals ...
Foreclosure-Ridden Florida Waits to Hear What Republicans Plan for Housing - Bloomberg
... Eating It The settlement, triggered by disclosures that the companies were using faulty documents in seizing homes, would fund principal writedowns for homeowners and provide refinancing, a person familiar with the matter told Bloomberg News.
Panetta Is Said to Seek Cancellation of U.S. Army C-27J Transport Aircraft - Bloomberg
Play Video Defense Secretary Leon Panetta may seek a greater role for the US Navy's Virginia-class submarines by outfitting them with additional cruise missiles, according to a person familiar with plans to be announced today.
Pentagon Is Said to Seek $525 Billion Budget That Includes Base Closings - Bloomberg
Photo: Pablo Martinez Monsivais-Pool/Getty Images The Pentagon will seek a $525 billion budget for fiscal 2013 and ask Congress for authority to close domestic military bases, according to a person familiar with plans to be announced today.
European Central Bank is Said Have Purchased Portuguese Government Bonds - Bloomberg
The European Central bought Portuguese government bonds today, according to three people with knowledge of the transactions, who declined to be identified because the deals are confidential. A spokesman for the central bank in Frankfurt declined to ...
Nigerian Police Arrest 160 Chadians in Kano City Over Bombs, Official Says - Bloomberg
... possibility the Islamic militant group, Boko Haram, which claimed responsibility for the attacks, of having training facilities in Chad, said a police official in Kano, who declined to be named because he is not authorized to speak to the media.
Standard Chartered Said to Fully Fund $1 Billion Borneo Loan - Bloomberg
20, said the person, who declined to be identified because the details are private. The loan continues to be marketed in senior syndication after funding, the person said, referring to the process by which a loan is pitched to a limited number of banks ...
Standard Chartered Said to Fund $1 Billion Borneo Lumbung Loan - Bloomberg
Standard Chartered Plc (STAN) fully funded a $1 billion loan sought by PT Borneo Lumbung Energi & Metal, said a person familiar with the matter. Standard Chartered, which is arranging syndication of the loan, funded the facility on Jan.
Roche Seen Paying Illumina 24% More to Win Gene-Mapping Prowess: Real M&A - Bloomberg
Siemens, which partnered with Illumina in November to work on genome sequencing devices, and Novartis aren't interested in bidding, according to people familiar with their plans, who declined to be identified because the matters are private.
Adelson's $10 Million PAC Bet Gives Gingrich Boost for Southern Primaries - Bloomberg
The person wasn't authorized to discuss the family publicly and declined to be named. Miriam Adelson, in particular, admires Gingrich because of her view that he speaks his mind and fights for what he believes in, according to the person.
Attachmate Seeks $400 Million in Loans to Fund Dividend - Bloomberg
A $300 million incremental first-lien term loan due in April 2017 will pay 5.75 percentage points more than the London interbank bank offered rate, said the person, who declined to be identified because the terms are private. Libor, the rate banks say ...
Obama Answers Bernanke Housing Pleas With Refinancing Proposal: Mortgages - Bloomberg
The initiative will also apply to all borrowers, whether or not their loans are currently government-backed, with details still to be worked out, according to the officials, who spoke on condition of anonymity. The plan “sounds close to impossible to ...
US Airways Confirms Interest in Exploring Deal With American's Parent AMR - Bloomberg
President Scott Kirby is leading the analysis, said the people, who asked not to be identified because the discussions are private. US Airways shares rose 16 percent today to $7.45 at 12:25 pm in New York, with most of the gain coming before Parker ...
William Baer Said to Be Top Candidate to Become Next U.S. Antitrust Chief - Bloomberg
... antitrust counsel to Wisconsin Democratic Senator Herb Kohl, and Leslie Overton, special adviser to the antitrust division's acting head, said a person familiar with the process who asked not to be identified because of its confidential nature.
Peru's Camposol Plans to Sell $125 Million of Bonds This Week - Bloomberg
Credit Suisse Group AG and Banco Santander SA are managing the sale, said the person, who asked not to be identified because terms aren't set. To contact the reporter on this story: Boris Korby in New York at bkorby1@bloomberg.net To contact the editor ...
Peru to Sell Bonds in Dollar and Soles in First Overseas Issue Since 2010 - Bloomberg
The Andean nation plans to sell $500 million more of its 5.625 percent dollar bonds due in 2050 to yield 225 basis points, or 2.25 percentage points, more than similar-maturity US Treasuries, according to a person familiar with the transaction.