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BusinessWeek
Facebook Is Said to Hire Morgan Stanley to Lead Public Offering - BusinessWeek
Morgan Stanley, the New York-based investment bank, gains the coveted lead-left position on the IPO filing, said the people, who asked not to be identified because the matter is private. That designation typically results in a larger share of the fees ...
China-Based Hackers Target Law Firms to Get Secret Deal Data - BusinessWeek
According to a person familiar with the case who asked not to be identified because of the criminal investigation, the hackers' victims included Toronto-based law firms Blake, Cassels & Graydon LLP, which represented BHP, a company with primary offices ...
Ford Awarded Investment-Grade Yields on $1 Billion of Debt - BusinessWeek
Ford Motor Credit Co. plans to offer five-year senior notes that may yield 4.25 percent, said a person with knowledge of the offering, who declined to be identified because terms aren't set. That compares with the average yield of 4.24 percent on BBB ...
Petrobras Plans Four-Part Debt Sale to Double Oil Output - BusinessWeek
... overseas notes in 2011, plans to sell new three- and five-year debt while issuing more of its bonds maturing in 2021 and 2041 as soon as tomorrow, according to a person familiar with the plan who asked not to be identified because terms aren't set.
Gafisa Surges on Speculation Company to Be Sold: Sao Paulo Mover - BusinessWeek
An official at an external press relations firm representing Gafisa, who asked not to be identified in accordance with company policy, said the homebuilder doesn't comment on market rumors. Gafisa's consolidated new projects fell 21 percent in 2011 and ...
Ex-Credit Suisse Traders Said to Plan Asian-Focused Hedge Fund - BusinessWeek
... trading for equity and equity derivatives, and Olivier Garcia, the Swiss bank's former head of Asia-Pacific exotic trading, intend to start trading in the second quarter, said the people, who declined to be identified because the plans are private.
Deutsche Bank Said to Plan $1 Billion CMBS Deal as Sales Resume - BusinessWeek
The offering will be the second deal of its kind in 2012, according to people familiar with the transaction, who declined to be identified because the issue hasn't been announced. The Frankfurt-based lender last sold similar debt in a $1.65 billion ...
US Refiners Said to Be Preparing for Possible Union Strike - BusinessWeek
... refinery requested contractors to help operate their facilities in case the United Steelworkers union, representing more than 30000 employees nationwide, decide to walk out, said the people, who declined to be identified because the information ...
China Tightens Rules for Handling Ships Including Valemax - BusinessWeek
A Vale official in Rio de Janeiro, who declined to be named citing corporate policy, said the company wouldn't comment. Vale rose 1.7 percent to 42.34 reais in Sao Paulo at 12:52 pm, extending its increase since the beginning of the year to 12 percent.
US Oil Refiners Said to Be Preparing for Possible Union Strike - BusinessWeek
31 (Bloomberg) -- US oil refiners, including ConocoPhillips and Exxon Mobil Corp., have asked contractors to cross picket lines as part of plans to keep plants running if union workers strike, two people familiar with the matter said.
Employment Costs in the US Increased 0.4% in Fourth Quarter - BusinessWeek
The company said this month that it will eliminate about 1200 workers. Citigroup also may cut 2011 bonuses in its investment banking division by about 30 percent on average amid slumping revenue, according to a person briefed on the matter.
Dassault Jumps Most in 22 Years on Rafale India Bid: Paris Mover - BusinessWeek
31 (Bloomberg) -- Dassault Aviation SA rose the most in more than 22 years, after a person familiar with the matter said the company emerged as the lowest bidder to supply 126 fighter jets to the Indian Air Force. India's Defense Ministry will begin ...
Pep Boys Seen Gaining 27% as Cheapest Value Lures Bids: Real M&A - BusinessWeek
It had received initial indications of interest at $10 a share to $11 a share, the people, who declined to be identified because talks weren't public, said at the time. “$15 per share is pretty much as good as it's going to get for Pep Boys,” Anthony ...
TPG Capital Said to Drop Pursuit of Calik Media Assets in Turkey - BusinessWeek
TPG didn't bid for Calik units ATV television and Sabah newspaper, the person said on the condition of anonymity because the talks were private. Rupert Murdoch's New Corp. and US media company Time Warner Inc. were also weighing offers as recently as ...
China-Based Hackers Target Law Firms to Grab Secret Deal Data - BusinessWeek
According to a person familiar with the case who asked not to be identified because of the criminal investigation, the hackers' victims included Toronto-based law firms Blake, Cassels & Graydon LLP, which represented BHP, a company with primary offices ...
California's Harris Seeks Edge in US Foreclosure Standoff - 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 ...
Argentina Stocks: BBVA Banco Frances, Banco Macro and YPF Drop - BusinessWeek
A YPF press official, who asked not to be named in accordance with company policy, declined to comment. BBVA Banco Frances SA (FRAN AF), the local unit of Spain's Banco Bilbao Vizcaya Argentaria SA, decreased 4.3 percent to 9.18 pesos.
Grifols Said to Seek $3.4 Billion in Loans to Refinance Debt - BusinessWeek
Proceeds will be used to refinance debt used to support the Barcelona-based company's acquisition of Talecris Biotherapeutics Holdings Corp. in 2010, according to a person with knowledge of the deal, who declined to be identified because the terms are ...
Peru 6.2-Magnitude Earthquake Injures 119 and Damages Homes - BusinessWeek
Southern Copper Corp., Peru's largest producer of the metal, didn't sustain any damage at its mines or smelter, said a company official briefed on the matter, declining to be named because of company policy. Pluspetrol SA said its Camisea natural gas ...
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 ...
Citigroup's Coutts Said to Depart as Co-Chief of France Unit - BusinessWeek
Pandit, who's seeking to cut as much as $3 billion from costs this year, may eliminate 5000 jobs and has reduced investment bank bonuses by an average 30 percent, a person briefed on the matter has said. Revenue at Citigroup, the third-biggest US bank, ...
EU Stumbles on Greek Plan as Merkel Signals Debt Deal Delay - BusinessWeek
Creditors are willing to take an average coupon of as low as 3.6 percent on new 30-year bonds, said a person familiar with the matter, who declined to be identified because a final deal hasn't been struck yet. As recently as Jan.
BofA's Montag Names Meissner Sole Head of Investment Banking - BusinessWeek
Compensation for the unit's dealmakers was reduced by an average of 25 percent, people briefed on the matter have said. “What is the right fixed-cost structure given what we see in the market conditions and opportunities?” Moynihan, 52, said earlier ...
JPMorgan Said to Start Marketing Samurai Sale for This Week - BusinessWeek
The biggest US bank will sell five-year fixed-rate bonds yielding 80 basis points more than the yen swap rate, according to a person with direct knowledge of the matter. The sale is slated for Feb. 2, the person said.
JPMorgan Said to Start Marketing Sale of 5-Year Samurai Bonds - BusinessWeek
2, according to a person with direct knowledge of the matter. The lender told investors it will price five-year bonds to yield 80 basis points more than the yen swap rate, said the person, asking not to be identified as the information is private.