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GM Seen Accelerating Opel Restructuring as Sales Plunge: Cars - BusinessWeek
The people asked not to be identified because the planning was private. Klaus-Peter Martin, a GM spokesman, declined to comment on the plans. Opel, based in Ruesselsheim, Germany, lacks the cachet of Volkswagen and others in Europe and has been unable ...
Bid & Ask: The Deals of the Week - BusinessWeek
Spanish utility Iberdrola is offering $3.4 billion to raise its stake in Brazilian power company Neoenergia from 39 percent to 75 percent, according to a person close to the deal. 4. Houston-based Apache agreed to buy Cordillera Energy Partners for ...
Ackermann Era Ends at Davos as Deutsche Bank Chief Cedes Power - BusinessWeek
The future strategy under the new heads may be set mid-April in the Swiss town of Montreux, where the annual closed-door executive meeting is taking place, two people familiar with the matter said. When Ackermann departs, he'll leave behind a firm ...
Ex-Merrill Broker in Einhorn Insider Case Said to Face UK Fine - BusinessWeek
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.
William Baer Said to Be Considered for US Antitrust Chief - BusinessWeek
... 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.
Credit Suisse Senior Bankers' Compensation Said to Drop by 30% - BusinessWeek
For some bankers, including a number in Asia, total pay will only drop by about 20 percent, said one of the people who declined to be identified because they weren't authorized to speak publicly. Securities firms are curbing remuneration for investment ...
Specter of Euro Collapse Spurs Emergency Plan: Israel Overnight - BusinessWeek
The Defense Ministry cleared Allot of wrongdoing, saying its product had no encryption capabilities and didn't need a military export license, according to a ministry official who spoke on condition of anonymity because he wasn't authorized to speak on ...
Foreclosure-Ridden Florida Listens for Republican Housing Plans - BusinessWeek
... Financial Inc. 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.
European Central Bank Said to Buy Portuguese Government Bonds - BusinessWeek
26 (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 ...
Roche Seen Offering Illumina More for Gene Mapping: Real M&A - BusinessWeek
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.
Lockheed Profit Falls 15% on Weak Electronic, Space-Unit Sales - BusinessWeek
Purchase of as many as 179 planes may be pushed off beyond 2017, according to the officials who spoke on condition of anonymity before Defense Secretary Leon Panetta outlines the budget plans at the Pentagon today. Proposed delays for the jet come even ...
Nigeria Police Said to Arrest 160 Chadians Over Kano Attacks - BusinessWeek
... investigate whether the Islamist militant group, Boko Haram, which claimed responsibility for the attacks, has training facilities in Chad, said the police official, who declined to be identified because he's not authorized to speak to the media.
Nigerian Police Arrest 160 Chadians Over Kano Bomb Attacks - BusinessWeek
... 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.
Seat Pagine Gialle Board Said to Give Creditors 3-Week-Deadline - BusinessWeek
30 to finalize a proposal for the company's debt reorganization, according to a person with direct knowledge of the matter. The board will give creditors as much as three weeks to accept the restructuring plan, said the person, who asked not to be ...
RBS Said to Be Nearing Sale of Hoare Govett Unit to Jefferies - BusinessWeek
The sale, which may be announced by the end of the month, involves about 40 Hoare Govett employees as well as a small number of additional research and equity sales staff, said the people, who declined to be identified because the negotiations are ...
FHA Raises Subprime Debt Insured for Housing Rebound: Mortgages - BusinessWeek
The initiative would apply to all borrowers, whether or not their loans are currently government-backed, with details still to be worked out, according to senior administration officials, who asked not to be named. Neither Obama nor the officials ...
William Baer Said to Be Considered for New US - BusinessWeek
... 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.
Adelson's PAC Bet Gives Gingrich Boost for Primaries - BusinessWeek
To counter Romney, Miriam Adelson, an Israeli-born physician, contributed an additional $5 million to the committee, according to a person close to the matter who wasn't authorized to speak publicly. Winning Our Future yesterday said it had invested in ...
Bank Foreclosure Deal 'Inadequate,' Says California's Harris - BusinessWeek
The proposed accord would set requirements for how lenders conduct home foreclosures and would also require the banks to fund loan principal writedowns for homeowners and provide refinancings, said a person familiar with the matter who didn't want to ...
Caribbean Restaurants Sets Rate on $190 Million Term Loan - BusinessWeek
The five-year debt will pay 8 percentage points more than the London interbank offered rate, said the person, who declined to be identified because the terms are private. Libor, the rate banks say they can borrow in dollars from each other, ...
Peru Sells $1.1 Billion in First Overseas Debt Issue Since 2010 - BusinessWeek
It also issued $600 million more of its sol-denominated debt due 2031 to yield 6.875 percent, said the person, who asked not to be identified because he's not allowed to speak publicly. The sale comes eight months after Peru first shelved plans to tap ...
Eastman Kodak Said to Decrease Discount on $700 Million DIP Loan - BusinessWeek
The debt will be sold at 98 cents on the dollar compared with an original offer of 97 cents to 97.5 cents, said the person, who declined to be identified because the terms are private. The discount reduces proceeds for the company and boosts the yield ...
US Airways Confirms Exploration of Possible Merger With AMR - BusinessWeek
His comments marked the first acknowledgment of any AMR- related interest, after US Airways declined to respond last week when two people familiar with the matter said a potential merger was under study. With the industry shrinking in tie-ups in the ...
Gingrich Gets Boost From Casino Billionaire's $10 Million Bet - BusinessWeek
To counter Romney, Miriam Adelson, an Israeli-born physician, contributed an additional $5 million to the committee, according to a person close to the matter who wasn't authorized to speak publicly. Winning Our Future yesterday said it had invested in ...
RBS Said to Be Nearing Sale of Hoare Govett Unit to Jefferies - BusinessWeek
The sale, which may be announced by the end of the month, involves about 40 Hoare Govett employees as well as a small number of additional research and equity sales staff, said the people, who declined to be identified because the negotiations are ...