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BusinessWeek
Glencore Said to Be Near Agreement to Combine With Xstrata - BusinessWeek
The two Switzerland-based companies may announce a deal as early as this week, said the people, who declined to be identified because the plans are confidential. The combined company may be valued at 52 billion pounds ($82 billion) after excluding ...
Record Bugatti Vies $32 Million Ferrari GTO as Cars Lure Buyers - BusinessWeek
The Ferrari racer was an early example, had a competition history and was in well-preserved condition with original paint, said dealers, who asked not to be named. Cars often fetch higher prices through discreet transactions than they do at auction.
Shares May Be 5 Times as Expensive as Google - BusinessWeek
The company is considering a valuation of $75 billion to $100 billion, said the people, who declined to be identified because the matter is private. Based on the top end of that range, Facebook would be valued at 100 times its 2011 net income.
Facebook Bankers May Get Fees of 1% to 1. - BusinessWeek
Facebook hasn't set a final fee, said the people, who declined to be named because the information is private. The Menlo Park, California-based company hired Morgan Stanley to lead its IPO and seeks to raise $5 billion, according to a regulatory filing ...
Gerdau Said to Seek Sale of Mine Unit Stake for $2.5 Billion - BusinessWeek
1 (Bloomberg) -- Gerdau SA, Latin America's largest steelmaker, is seeking to sell 40 percent of its mining unit for about $2.5 billion, a person familiar with the matter said. Gerdau, based in Porto Alegre, Brazil, hired Goldman Sachs Group Inc. to ...
MF Global Investigators Said to Trace 90 Percent of Client Money - BusinessWeek
1 (Bloomberg) -- Investigators probing the collapse of MF Global Holdings Ltd. have located almost all the client money that went missing when the broker filed for bankruptcy last year, according to a person briefed on the matter.
Deutsche Boerse-NYSE, Gupta, Muni Bonds: Compliance - BusinessWeek
... victim that had suffered and there was no reason to prosecute when the Financial Services Authority was handling the matter, according to two people familiar with the matter who asked not to be identified because they weren't authorized to speak.
Prudential Capital Said to Seek $1 Billion for Mezzanine Fund - BusinessWeek
1 (Bloomberg) -- Prudential Capital Group, an investment unit of Prudential Financial Services Inc., is seeking $1 billion for its fourth mezzanine debt fund, according to two people familiar with the matter. Prudential Capital Partners IV LP will make ...
Brazilian Stock Movers: Gafisa, OGX Petroleo, QGEP, Totvs - BusinessWeek
Brazil's third-biggest homebuilder by revenue received a bid from an investment fund to purchase all of its shares, according to a person familiar with the matter who asked not to be identified because the talks are private. An official at an external ...
ECB Loan Collateral Plan Said to Be Avoided by Some Euro Members - BusinessWeek
The initiative is likely to be implemented on a voluntary basis by national central banks and several of them may opt out, said the officials, who declined to be identified because the information is confidential. Germany's Bundesbank has indicated it ...
Credit Suisse Employee Higgs Surrenders in CDO Prosecution - BusinessWeek
1 (Bloomberg) -- David Higgs, who has worked at Credit Suisse Group AG, surrendered to the FBI after a person familiar with the matter said fewer than five people will be charged in a US prosecution for intentionally mismarking prices of securities ...
Macquarie Said to Vie for Deutsche Bank Asset Divisions - BusinessWeek
The deadline for second-round offers is next week, and the German lender plans to reach an agreement by mid-March, said the people, who declined to be identified as talks are private. Other bidders include JPMorgan Chase & Co., State Street Corp. and ...
Greek Bondholders Said Set to Get GDP Sweetener in Debt Swap - BusinessWeek
... lowered their demands for an average coupon on the new 30-year securities they would receive to as little as 3.6 percent from 4.25 percent after European officials demanded they take steeper losses, people familiar with the matter said at the time.
UK Said to Plan Solar Subsidy Cuts at Regular Intervals - BusinessWeek
The plan will include a deployment trigger mechanism that automatically cuts above-market rates paid for power from solar cells once installations reach a predetermined level, said the person, who declined to be identified before the official ...
Macquarie Said to Vie for Deutsche Bank Asset Divisions - BusinessWeek
The deadline for second-round offers is next week, and the German lender aims to reach an agreement by mid-March, said the people, who declined to be identified as talks are private. Other bidders include JPMorgan Chase & Co., State Street Corp. and ...
Obama's War of Words With Iran Is Unlike Bush's Iraq Campaign - BusinessWeek
As tensions rise, administration officials said they are increasingly concerned that a miscalculation by either side could trigger both a war that sends oil prices skyrocketing and a worldwide terror campaign by Iran and its proxies such as the radical ...
Device Makers Said to Double FDA Fees to Produce Faster Reviews - BusinessWeek
The people who confirmed the fees asked not to be identified because they're not authorized to speak on the record. The industry has been seeking more meetings with FDA evaluators during product reviews to head off 11th-hour requests for safety data ...
Rajat Gupta, JC Flowers, Muni Bonds, Full Tilt Poker: Compliance - BusinessWeek
... victim that had suffered and there was no reason to prosecute when the Financial Services Authority was handling the matter, according to two people familiar with the matter who asked not to be identified because they weren't authorized to speak.
Soros Sits Out Obama Super-PAC Money Race Beside Big Givers - BusinessWeek
Former House Speaker Newt Gingrich has benefitted from $10 million in donations from Las Vegas billionaire Sheldon Adelson and his wife Miriam, according to a person close to him. Bing, who gave $13 million in 2004 to Democratic committees, ...
Brazil 'No Matter What' Pushes Private-Equity to Public Deals - BusinessWeek
... York-based private-equity firm run by Henry Kravis and George Roberts, has been seeking to hire a senior executive in Brazil since the beginning of last year and plans to open an office in Sao Paulo, according to a person familiar with the matter.
Ex-Credit Suisse Workers Said to Face Charges Over Mismarking - BusinessWeek
31 (Bloomberg) -- Former Credit Suisse Group AG employees will be charged with intentionally mismarking the prices of collateralized debt obligations, a person familiar with the matter said. The US Securities and Exchange Commission was also involved ...
Device Makers Said to Double FDA Fees to Get Quicker Reviews - BusinessWeek
The people who confirmed the fees asked not to be identified because they're not authorized to speak on the record. The industry has been seeking more meetings with FDA evaluators during product reviews to head off 11th-hour requests for safety data ...
Nomura Said to Hire Aird as Europe Head of Equity Syndicate - BusinessWeek
Aird will start at the Japanese bank's London office in the beginning of February, said the person, who declined to be identified because the plans are private. He was with Credit Suisse for more than a decade. While there, he worked in London as a ...
Macquarie Said to Vie for Deutsche Bank Asset Divisions - BusinessWeek
The deadline for second-round offers is next week, and the German lender aims to reach an agreement by mid-March, said the people, who declined to be identified as talks are private. Other bidders include JPMorgan Chase & Co., State Street Corp. and ...
Brazil Homebuilder Gafisa Said to Get Bid From Investment Fund - BusinessWeek
31 (Bloomberg) -- Gafisa SA, Brazil's third-biggest homebuilder by revenue, received a bid from an investment fund to buy all of the company's shares, a person familiar with the matter said. The proposed deal will be announced soon, the person said ...