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Geithner, Clinton Won't Cancel China Trip - BusinessWeek
(LMT) (LMT) F-16 fighter jets, the State Department official said, speaking on condition of anonymity because of the sensitivity of the issues. “This all looks to me like a brewing, perfect storm test for relations,” Chris Johnson, a senior adviser at ...
Obama targets diploma mills that market to vets - BusinessWeek
Some postsecondary schools try to attract current and former military service members using deceptive military-themed websites that appear to be government-run or connected to the GI Bill benefit system, administration officials said.
Pisces Energy Seeks $185 Million Loan for Property Acquisitions - BusinessWeek
(XOM) (XOM) and BHP Billiton Ltd. (BHP) (BHP), according to a person with knowledge of the transaction. The four-year debt will pay 10 percentage points more than the London interbank offered rate, said the person, who declined to be identified because ...
HSBC's Swiss Private Bank Plans to Cut 100 Jobs to Reduce Costs - BusinessWeek
The cuts will be across the Swiss business, which employed about 1700 people, according to a Geneva-based spokesman, who declined to be identified in line with company policy. HSBC announced yesterday that the bank will eliminate 3167 positions in the ...
India Share Rule, Bristol-Myers Subpoena, RBS Value: Compliance - BusinessWeek
By Carla Main on April 27, 2012 Indian companies may delay share sales valued at about 400 billion rupees ($7.6 billion) after a government official said the regulator plans to extend a deadline for owners to trim their holdings amid a market slump.
Obama Moves to End Deceptive Recruiting of Veterans by Schools - BusinessWeek
The policy isn't designed to single out any category of schools, according to an administration official who spoke on condition of anonymity on a conference call. Still, much of the deceptive recruiting reported since 2001 has been carried out by ...
Dewey & LeBoeuf Approaches Deadline on $75 Million Bank Debt - BusinessWeek
It has drawn about $75 million of a $100 million credit line from banks including JPMorgan Chase & Co. and Citigroup Inc. (C) (C), according to a person familiar with the firm's finances. The banks extended an initial April 16 deadline to come up with ...
DRB Said to Hire KPMG to Assess Future of Carmaker Lotus - BusinessWeek
KPMG is being asked to evaluate Hethel, England-based Lotus as DRB proceeds with the purchase of the manufacturer's parent company, the person said, speaking on condition of anonymity because the issue is private. DRB, controlled by billionaire Syed ...
India Said to Delay Rule Putting $7.6 Billion Sales on Ho - BusinessWeek
By Anto Antony and Santanu Chakraborty on April 27, 2012 Indian companies may delay share sales worth about 400 billion rupees ($7.6 billion) after a government official said the regulator plans to extend a deadline for owners to trim their holdings ...
Barclays Says Made 'Encouraging' Start to 2012 - BusinessWeek
Barclays cut more than 200 support jobs at its investment banking division to reduce costs, a person briefed on the matter said on April 11. It cut 422 UK jobs at its technology infrastructure services division in January and cut 200 jobs in India in ...
No weapons found on Syria-bound German cargo ship - BusinessWeek
A customs official in Iskenderun, speaking on condition of anonymity in line with government rules, confirmed that "nothing illegal" was found on the ship. He said the search was completed Tuesday. The company said the Antigua and Barbuda-flagged ship, ...
EU Bank Capital, Banks as 'Utilities,' Intel: Compliance - BusinessWeek
Dodd-Frank, the 2010 regulatory overhaul, requires the CFTC to consider a small-bank exemption that isn't currently in the measure, according to the people, who requested anonymity because the process isn't public. The agency is debating whether to ...
Rubenstein Said to Tell Investors Carlyle Is a Discount - BusinessWeek
The firm, which is offering 30.5 million shares at $23 to $25 each, was trying to convince analysts as recently as last year that it's worth at least as much as Blackstone, a person briefed on the matter said at the time.
Facebook Early Entry to Nasdaq Was Factor - BusinessWeek
... Inc. (NDAQ) (NDAQ)'s waiting period for entry into one of its best-known stock indexes was a negotiating point with Facebook Inc. (FB) (FB) as the company weighed where to list its shares, according to a person with direct knowledge of the matter.
Mitsubishi Mulls Bid for Grain Handler Gavilon - BusinessWeek
Gavilon is working with Morgan Stanley to review options including a sale, a person familiar with the matter said in January. Gavilon's businesses include sourcing energy, fertilizer and grains, according to its website. As well as storing commodities, ...
Mexico Oil Opening First Time Since 1938 Shows Revival: Energy - BusinessWeek
Pena met this year with the head of the country's exchange, Luis Tellez, said two people familiar with the meeting who asked not to be identified because they were not authorized to discuss it. The topic of a Pemex listing was addressed, ...
Arch Said to Seek Buyers for Several US Coal Mines - BusinessWeek
First-round bids for the mines, located in Kentucky, Illinois and Utah, are expected to come in late May, said one of the people, who declined to be named because the process is private. The mines will probably be sold in separate deals, ...
Dollar Falls as Bernanke Says He's Prepared to Add More Stimulus - BusinessWeek
Hungary's forint was the best-performing currency after a government official said the country can start financial-aid talks with the International Monetary Fund and the European Union as soon as it passes legislation required by the EU.
CFTC Said to Debate Small-Bank Clearing Exemption in Dodd-Frank - BusinessWeek
Dodd-Frank, the 2010 regulatory overhaul, requires the CFTC to consider a small-bank exemption that isn't currently in the measure, according to the people, who requested anonymity because the process isn't public. The agency is debating whether to ...
BlackRock Said to Plan Asia Investment Fund With CIC - BusinessWeek
CIC, the nation's sovereign-wealth fund, and BlackRock will initially provide capital for the investments, which would be in Chinese companies and businesses that sell products in China, said the person, who asked not to be named because the details ...
Iran Cyber Attack Oil Industry Contained, Official Says - BusinessWeek
By Ladane Nasseri on April 25, 2012 A cyber attack that targeted Iran's crude industry and caused computer systems at the Oil Ministry and other related state-owned businesses to crash has been “fully contained,” a government official said.
Gingrich to Suspend Campaign Next Week - BusinessWeek
The former speaker is expected to announce his decision next week and will throw his support behind Romney, a person close to the campaign said. “At present time we're trying to work through some details,” said Gingrich adviser Bob Walker, ...
HSBC Said to Plan 2000 UK Job Cuts as Part of Worldwide Cull - BusinessWeek
Most of the reductions will be in support roles rather than in branches, said the person, who declined to be identified before employees are informed tomorrow. The lender employs about 52000 people in the UK, according to its website.
Platts to Offer Staff New York Move to Escape Olympics - BusinessWeek
(MHP) (MHP), plans to temporarily relocate some London employees during the Olympic Games to ensure market coverage isn't disrupted, three people familiar with the matter said. Staff involved in oil-price assessments who rely on public transport to get ...
Kingboard Loan Said to Attract Banks Including CCB and ICBC - BusinessWeek
(939), Industrial and Commercial Bank of China Ltd. and Mizuho Corporate Bank Ltd., according to a person familiar with the matter, who asked not to be identified because the details are private. Other banks joining in syndication include Bank of East ...