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Wall Street Journal
Buffett to Help Fund Coty's Sweetened Bid for Avon - Wall Street Journal
... Buffett's Berkshire Hathaway Inc., which is backing fragrance maker Coty Inc.'s bid for door-to-door beauty retailer Avon Products Inc., would provide $2.5 billion to finance the deal if it takes place, according to people familiar with the matter.
Japan Facing Power Shortfall This Summer - Wall Street Journal
"This projection comes as they are desperately wanting to get Oi restarted," said an energy industry analyst who declined to be named, noting the high cost of maintaining idled nuclear plants. "It is much better for the utilities to have revenue coming ...
China Everbright Bank Tries Again for Hong Kong IPO - Wall Street Journal
One of those 12, New York-based hedge fund DE Shaw, has committed to being a cornerstone investor this time as well, according to a person familiar with the matter. It wasn't clear which of the others have signed up. The names of the cornerstone ...
Jets' Top College Scout Takes Job With Raiders - Wall Street Journal
The Jets top collegiate scout is leaving to take a job with the Oakland Raiders, according to a person familiar with the matter. The news that Joey Clinkscales, New York's vice president of college scouting, is leaving doesn't come as a surprise.
Voras Hedge Fund to Close - Wall Street Journal
But her name recognition wasn't enough to attract new investors, and she never raised much beyond about $200 million, say people familiar with the matter. Her plans to liquidate the hedge fund were earlier reported by Reuters.
Putin Pulls Out of US Summit, Meeting With Obama - Wall Street Journal
During that meeting, Mr. Putin told him that he would be unable to attend the G-8 meeting, an administration official said Wednesday, challenging any suggestion the White House was caught off guard by the news. Messrs. Obama and Putin will meet instead ...
Clooney Event Taps Big, Small Donors - Wall Street Journal
WME co-CEO Ari Emanuel, one of the president's top bundlers, helped organize the event, according to a person familiar with the matter. Mr. Emanuel is the brother of Chicago Mayor and former White House chief of staff Rahm Emanuel.
Placid Ride Ends For Carlyle, Which Dips Below IPO Price - Wall Street Journal
On the day of Carlyle's debut, the lead bank on the deal, JP Morgan Chase, helped keep the shares in the black, according to people familiar with the matter, serving as the so-called stabilization agent. An underwriter can provide trading stability by, ...
US Plans Civil-Rights Suit Against Arizona Sheriff - Wall Street Journal
By DEVLIN BARRETT The Justice Department plans to file a civil-rights lawsuit Thursday against Sheriff Joe Arpaio of Maricopa County, Ariz., over alleged mistreatment of Hispanics, according to two people familiar with the matter.
Obama Supports Same-Sex Marriage - Wall Street Journal
Senior administration officials said Mr. Obama decided earlier this year that he wanted to publicly endorse gay marriage before the Democratic National Convention in September. Mr. Biden's comments and the subsequent fallout sped up the president's ...
As It Buffs Image, Goldman Cracks Door On Client Events - Wall Street Journal
Select clients are invited and, as in the emerging-markets event, speakers are asked not to disclose what goes on, a person familiar with the matter said. Now, Goldman is considering adding publicity to events that have broad public appeal, ...
Handicraft Site Etsy Valued at More Than $600 Million - Wall Street Journal
The valuation is at least twice what investors thought Etsy was worth since the start-up last raised money, in the summer of 2010, when it pulled in $20 million at a valuation of about $300 million, a person familiar with the matter said.
No French Minister At Ecofin, Eurogroup Meetings - Source - Wall Street Journal
Instead France will be represented by the French ambassador to the European Union and by Ramon Fernandez, head of the French treasury, the source said. The 17 euro countries have called a meeting of their finance ministers Monday, ahead of talks ...
Bankia To Ask Spanish Government To Take Stake In Bank -Official - Wall Street Journal
MC) plans to ask the country's government to take a stake in the troubled lender, a senior government official said Wednesday. The move would be conducted by exchanging EUR4.5 billion in state aid already received by BFA, Bankia's unlisted parent ...
Spanish Stocks Fall, Bond Yields Rise On Banking Concerns - Wall Street Journal
Banks will be required to set aside an extra EUR20 billion-EUR40 billion to cover potential losses on non-performing loans to the real-estate sector, people familiar with the matter said late Tuesday, in what would cause another big hit to earnings ...
UDPATE: China Mulling Allowing Hedge Funds To Invest In Domestic Markets -Source - Wall Street Journal
... a feasibility study on broadening the scope of the so-called Qualified Foreign Institutional Investor program, the main channel for global investors to access Chinese markets, to include hedge funds, said the person who declined to be named.
India May Hit Vodafone with $3.75 Billion Tax Bill - Wall Street Journal
By DOW JONES STAFF MUMBAI – India plans to demand about $3.75 billion in taxes from Vodafone Group PLC if Parliament approves a law to retroactively tax overseas mergers that have an underlying Indian asset, a senior government official said Wednesday.
CVC In Cornerstone Investor Meetings Ahead Of US$2.5B F1 IPO - Sources - Wall Street Journal
The UK-based private equity firm, which has held the majority stake in Formula One's holding company since 2006, is looking to cash in on its investment and the people familiar with the matter said CVC expects the Singapore Exchange to grant listing ...
Peltz's Trian to Take Stake in Ingersoll - Wall Street Journal
By GINA CHON And ANUPREETA DAS Nelson Peltz's Trian Fund Management LP is expected to report taking a more-than-7% stake in industrial conglomerate Ingersoll-Rand PLC, people familiar with the matter said, as some analysts have maintained the company ...
Spain To Require Banks To Set Aside More Provisions - Sources - Wall Street Journal
... plans to require banks to set aside between EUR20 billion to EUR40 billion ($26 billion-$52 billion) in additional generic provisions as part of an effort to overhaul the country's financial sector, people familiar with the matter said Tuesday.
Rejected From JPMorgan Bond, A Loan Returns In Deutsche Deal - Wall Street Journal
(JPM) rejected the asset from a $1 billion CMBS last month, according to a person familiar with the loan. The loan on the Glades Plaza and The Commons at Town Center has popped up again in a planned CMBS from Deutsche Bank (DB, DBK.
Spanish Investors' Bets Stir Worry on Bank Woes - Wall Street Journal
The government plans to inject €7 billion to €10 billion into the Madrid bank and Banco Financiero y de Ahorros, according to a person familiar with the matter. The news, along with the abrupt resignation of Bankia Chairman Rodrigo Rato late Monday, ...
Freddie Mac Chooses CEO - Wall Street Journal
By NICK TIMIRAOS And JOANN S. LUBLIN Freddie Mac is preparing to name Donald Layton, the former chief executive of online brokerage E*Trade Financial Corp., its next CEO, according to people familiar with the matter. The company is expected to announce ...
Greece To Form Proposal On Debt Swap Holdouts By End Week -Source - Wall Street Journal
... who refused to participate in the country's recent voluntary debt restructuring by the end of the week, a senior government official said Tuesday, as Greece faces an impending May 15 deadline to redeem a bond that was not included in the deal.
Would-Be Bomber Was Informant, New Details Suggest - Wall Street Journal
The would-be bomber is under the control of a foreign government but isn't being held in detention, according to new details provided by officials briefed on the matter. The officials declined to elaborate on the individual's whereabouts, ...