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BusinessWeek
Greek Labor Issues Main Obstacle in Troika Talks, Official Says - BusinessWeek
The official, who declined to be named, spoke to reporters after Prime Minister Lucas Papademos met with troika officials, who represent the European Union, European Central Bank and International Monetary Fund. The 2011 budget deficit will be close to ...
AutoTrader.com Said to Be in Talks for Initial Offering - BusinessWeek
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 ...
AMR's Horton Expects American to Leave Bankruptcy Without Merger - BusinessWeek
US Airways Group Inc. has confirmed hiring advisers to examine a possible bid, while Delta Air Lines Inc. has done the same, a person familiar with the matter has said. Making an acquisition is a possibility after AMR reorganizes, said Horton, 50, ...
AutoTrader.com Said to Be in Talks for Initial Public Offering - BusinessWeek
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 ...
Foreclosure Accord Said to Ensure Same Terms for All 50 States - BusinessWeek
Both declined to be identified because the negotiations aren't public. The most-favored nation provision would only kick in under certain thresholds, said a third person familiar with the matter who also didn't want to be named because the talks aren't ...
Schaeffler Said to Set Pricing on 6 Billion Euros of Loans - BusinessWeek
A 1 billion-euro revolving credit facility and a 3 billion- euro term loan B that mature in 2015 will pay initial interest of 425 basis points more than the euro interbank offered rate, said the people, who declined to be identified as the transaction ...
California's Solo Mortgage Probe Complicated by 2008 Deal - BusinessWeek
The proposed accord would set requirements for how lenders conduct home foreclosures and mandate that the banks fund loan principal writedowns for homeowners and provide refinancings, said a person familiar with the matter who didn't want to be ...
Obama Said to Curtail $21 Billion Guam Military Expansion - BusinessWeek
3 (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 ...
Dollar Drops Against Euro on Bets US Payrolls Rose Last Month - BusinessWeek
The ministers won't brief reporters after the meeting, according to the spokesman, speaking on condition of anonymity. “The continuing uncertainty in Greece has contributed to a slightly weaker euro this week,” said Michael Derks, chief strategist at ...
Air India Said Set for Government Approval to Buy Boeing 787s - BusinessWeek
787s, will get final government approval to buy the planes next week, paving the way for the belated start of deliveries, two people familiar with the matter said. The state-owned carrier's plan to buy 27 planes will be signed off by a group of ...
ANC Study Said to Propose S. Africa Mine Resource-Rent Tax - BusinessWeek
Nationalizing the country's mine assets would be too expensive for the government as it would cost almost 1 trillion rand ($131 billion), according to the study, the official, who declined to be identified because the document hasn't been made public, ...
China International Marine Said to Attract Seven Banks to Loan - BusinessWeek
The company aims to complete syndication of the loan next week, said the people, who asked not to be identified because the details are private. The seven banks joining the loan are in addition to HSBC holdings Plc, ING Groep NV and Standard Chartered ...
Lightspeed Said to Be Raising $875 Million for US, China Funds - BusinessWeek
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 ...
Wall Street Split as Money Managers Fault Bank Foreclosure Deal - BusinessWeek
Leaders of the panel told other participants in an e-mail last week that Sifma won't let the AMG's voice be heard, according to one of the people, who declined to be identified because they weren't authorized to comment. The panel's press release, ...
Euro Set for Weekly Drop Against Majors on Greek Debt Concern - BusinessWeek
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 Communications Buyout - BusinessWeek
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 ...
Corzine Sought 'Yes Man' for MF Global Bet, Lawmakers Say - BusinessWeek
Investigators have located almost all of the $1.2 billion in client money that went missing as the firm unraveled, a person briefed on the matter said yesterday. The probe has traced 90 percent of the money to other customer or bank accounts, ...
Obama to detail broader housing refinance plan - BusinessWeek
The features of the new proposal were confirmed Wednesday by a senior administration official who spoke on the condition of anonymity to discuss the program ahead of Obama's remarks. The Wall Street Journal first reported the details Wednesday.
Televisa Extends Losses After Phone Deal Veto: Mexico City Mover - BusinessWeek
Guards punched and shoved antitrust lawyers trying to enter Iusacell's building in Mexico City, according to a government official who asked not to be named because of the antitrust agency's policy. Iusacell plans to file a complaint with Mexico's ...
HSBC Said to Move Fund Operations Unit to Ireland From US - BusinessWeek
30, said the person, who declined to be identified as the process is yet to be completed. Some roles may move to Dublin, the person said. Chief Executive Officer Stuart Gulliver is reversing some of HSBC's expansion over the past two decades, ...
HSBC Said to Move Fund Administration Unit to Ireland From US - BusinessWeek
30, said the person, who declined to be identified as the process is yet to be completed. Some roles may move to Dublin, the person said. Chief Executive Officer Stuart Gulliver is reversing some of HSBC's expansion over the past two decades, ...
Credit Suisse's India Chief Operating Officer Said to Depart - BusinessWeek
Vijay Gussain, India head of equities sales and trading for the Zurich-based bank, is also leaving, said the people, who asked not to be identified because the departures aren't public. Credit Suisse, which said last year it would eliminate about 3500 ...
Harvard Targeted in US Asian-American Discrimination Probe - BusinessWeek
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.
Gerdau Said to Seek Sale of Mine Unit Stake for $2. - BusinessWeek
Gerdau, based in Porto Alegre, Brazil, hired Goldman Sachs Group Inc. to handle the transaction, said the person, who asked not to be identified because the matter is private. International companies including Chinese and Japanese firms are interested ...
SEC's Owner Threshold, MF Global Hearing, Tax Plan: Compliance - BusinessWeek
The person declined to be identified because the investigation isn't public. Credit Suisse won't be prosecuted, the person said. John Nester, an SEC spokesman, declined to comment yesterday on the case. Higgs, Siddiqui and Serageldin haven't worked for ...