Anonymous sources

Bloomberg



MF Global Investigators Said to Track Down 90% of Customers' Missing Money - Bloomberg
Investigators probing the collapse of MF Global Holdings Ltd (MFGLQ). 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. The investigators have tracked ...
February 1, 2012


Spain Said to Plan to Buy CoCo Bonds From Banks as Part of Industry Revamp - Bloomberg
The state will buy contingent convertible bonds, or CoCos, which convert to equity when banks' capital ratio slips below a certain level, yielding 8 percent, said the person, who declined to be named because the plan hasn't been made public.
February 1, 2012


IBM, P&G Lead $10.5 Billion in Bond Sales as Yields Approach Record Lows - Bloomberg
Petrobras plans to issue $1.25 billion of three-year notes, $1.75 billion of five-year debt, $2.75 billion of securities due in 2021 and $1.25 billion of bonds maturing in 2041, according to a person familiar with the plan.
February 1, 2012


Axa Private Equity Said to Seek More Capital for Secondary Fund - Bloomberg
The firm, based in Paris, is requesting that the hard cap, or limit, on how much capital Axa Secondary Fund (PEF1129) V LP can collect be lifted to $5 billion from $4 billion, said the people, who asked not to be identified because the fund is private.
February 1, 2012


Barclays' Todd Edgar Said to Plan Start of Atreaus Macro Hedge Fund in May - Bloomberg
Edgar, 39, is opening New York-based Atreaus with former colleagues Peter Buschmann, Dmitri Shklovsky, Sinan Gumusdis and Michael Ridewood, according to the person, who asked not to be identified because the fund is private. The firm, which will focus ...
February 1, 2012


ECB Plan for Loans as Collateral Said to Be Avoided by Some Euro Members - Bloomberg
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 ...
February 1, 2012


Rajat Gupta, JC Flowers, Muni Bonds, Full Tilt Poker: Compliance - Bloomberg
... 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.
February 1, 2012


Obama Said to Plan Assistance for Home Mortgage Refinancing - Bloomberg
Obama will ask Congress for a tax on large banks in order to help homeowners refinance into government-insured Federal Housing Administration loans, said the official, who requested anonymity in advance of the formal announcement.
February 1, 2012


Gupta, BP, JPMorgan, Cameron, Commerzbank, Morgan Stanley in Court News - Bloomberg
... to assist an informal inquiry and told them there was no actual victim in light of its reimbursement of the company's losses, according to two people familiar with the matter who asked not to be identified because they weren't authorized to speak.
February 1, 2012


Itochu, Cargill Said to Buy Naphtha From Hindustan Petroleum - Bloomberg
(HPCL), India's third-largest state refiner, according to two traders who declined to be identified because they aren't authorized to speak with the media. Details of the trades are: ----------------------------------------------------------- Product: ...
February 1, 2012


U.K. Said to Plan Cuts to Solar Subsidy at Predictable Intervals - Bloomberg
The plan will include a mechanism called a deployment trigger 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 ...
February 1, 2012


U.S. Refiners, Steelworkers Said to Reach Tentative Agreement - Bloomberg
The proposal includes pay increases of 2.5 percent in the first year and 3 percent in the second and third years, said the representatives who asked not to be named because the terms haven't yet been made public. The deal was reached today after ...
February 1, 2012


Device Makers Said to Double FDA Fees to Get Quicker Product Reviews - Bloomberg
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 ...
February 1, 2012


Facebook Said to Hire Morgan Stanley for IPO - Bloomberg
Morgan Stanley 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 usually means a larger share of the fees collected by a securities firm.
January 31, 2012


Brazil Homebuilder Gafisa Said to Receive Offer From Investment Fund - Bloomberg
The person declined to be named because the talks are private. Gafisa jumped 6 percent to 4.77 reais at the close of trading in Sao Paulo, the biggest one-day advance since Jan. 2, after earlier rising as much as 9.8 percent. It was the best performer ...
January 31, 2012


Macquarie Group Is Said to Compete for Deutsche Bank Asset-Management Unit - Bloomberg
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.
January 31, 2012


JC Flowers Ex-U.K. Chief Executive Avoids Police Probe Over FSA Fraud Fine - Bloomberg
... to assist an informal inquiry and told them there was no actual victim in light of its reimbursement of the company's losses, according to two people familiar with the matter who asked not to be identified because they weren't authorized to speak.
January 31, 2012


Obama Aides to Meet Egyptian Delegation Amid Rift Over Groups - Bloomberg
... is meeting at the White House tomorrow with members of President Barack Obama's national security team as the US presses the government in Cairo to ease restrictions on democracy and human- rights organizations, an administration official said.
January 31, 2012


Cequel Communications Sets Rate on $2.7 Billion in Loans - Bloomberg
The term loan is due in seven years and will pay 3.25 percentage points more than the London interbank offered rate, with a 1 percent minimum on the benchmark, said the person, who declined to be identified because the terms are private.
January 31, 2012


Deutsche Bank Said to Prepare $1 Billion CMBS Deal as Firms Resume Sales - Bloomberg
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 ...
January 31, 2012


Kaufman Bros. Closes as Bank Succumbs - Bloomberg
New York-based Kaufman had a staff of about 40, according to one of the people, who declined to be identified because they weren't authorized to speak publicly. Small firms came under pressure as dealmaking and trading slowed on concern that Europe's ...
January 31, 2012


Kuwaiti Social Security Fund Buys Luxury Apartment Building in Manhattan - Bloomberg
... of 2 Cooper Square, a 144-unit building that includes a rooftop pool, video-game center and private movie-screening room, said the people, who didn't disclose the price and asked not to be named because the transaction hasn't been made public.
January 31, 2012


Ford Plans Bonds After Company Reiterates Investment-Grade Goal - Bloomberg
Ford Motor Credit Co. plans to offer five-year senior notes in benchmark size, typically at least $500 million, as soon as today, said a person with knowledge of the offering, who declined to be identified because terms aren't set.
January 31, 2012


Petrobras to Sell Bonds Overseas Due Between Three and 29 Years - Bloomberg
The three-year debt may sell to yield about 290 basis points above similar maturity US Treasuries, while the yield on the five-year debt may be 300 basis points higher, said the person, who asked not to be identified because terms are not set.
January 31, 2012


Rosneft Said to Sell Urals Crude From Primorsk to Shell, BP - Bloomberg
Shell was awarded six cargoes and BP one, said the people, who declined to be identified because they aren't authorized to speak on the matter. Details of the sales are as follows: --------------------------------------------------------------- Crude: ...
January 31, 2012


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