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Multimedia Owners Seek to Sell Polish Operator, Dziennik Says - BusinessWeek
6 (Bloomberg) -- Multimedia Polska SA's owners are seeking to sell the Polish cable-television operator and have hired JPMorgan Chase & Co. to manage the transaction, Dziennik Gazeta Prawna reported, citing a person close to the transaction it didn't ...
EU May Consider Relaxing Demands on Banks for Sovereign Buffer - BusinessWeek
National supervisors will likely discuss the sovereign buffer, according to one of the people, a senior EU official, who declined to be identified because the talks are private. The EBA told banks to raise 114.7 billion euros ($150.5 billion) in fresh ...
Australian Stocks: Rio, Downer, Orica, Fairfax, Perpetual - BusinessWeek
The company has hired Australia & New Zealand Banking Group Ltd. and Westpac Banking Corp. to help arrange a A$250 million loan to refinance debt, according to a person familiar with the matter.
Greek Private Sector Bonus Wages May Not Be Cut, Official Says - BusinessWeek
The official, who declined to be named, spoke to reporters after Prime Minister Lucas Papademos met with troika officials, who represent the European Union, European Central Bank and International Monetary Fund.
Morgan Stanley Getting Vegemite for New Wall Street's 15% Bogey - BusinessWeek
From its launch in 1993 through 2010, PDT, which invests only Morgan Stanley money, has returned an estimated annual average of more than 20 percent, according to a person close to the group. Gorman has also been getting rid of the clutter the bank ...
Olympus to Hold Special Shareholders Meeting April 20 - BusinessWeek
TPG is weighing whether to join with a strategic partner to invest as much as $1 billion in Olympus, a person familiar with the matter said on Jan. 14. While Fort Worth, Texas-based TPG has spoken to potential partners, it's not clear whether they will ...
Greek Labor Issues Main Obstacle in Troika Talks, Official Says - BusinessWeek
The official, who declined to be named, spoke to reporters after Prime Minister Lucas Papademos met with troika officials, who represent the European Union, European Central Bank and International Monetary Fund. The 2011 budget deficit will be close to ...
AutoTrader.com Said to Be in Talks for Initial Offering - BusinessWeek
Talks regarding an AutoTrader IPO are in early stages and the owners could decide against a deal, said the person, who declined to be named because the process is private. Private-equity firms are seeking to shed assets and return money to their ...
AMR's Horton Expects American to Leave Bankruptcy Without Merger - BusinessWeek
US Airways Group Inc. has confirmed hiring advisers to examine a possible bid, while Delta Air Lines Inc. has done the same, a person familiar with the matter has said. Making an acquisition is a possibility after AMR reorganizes, said Horton, 50, ...
AutoTrader.com Said to Be in Talks for Initial Public Offering - BusinessWeek
Talks regarding an AutoTrader IPO are in early stages and the owners could decide against a deal, said the person, who declined to be named because the process is private. Private-equity firms are seeking to shed assets and return money to their ...
Foreclosure Accord Said to Ensure Same Terms for All 50 States - BusinessWeek
Both declined to be identified because the negotiations aren't public. The most-favored nation provision would only kick in under certain thresholds, said a third person familiar with the matter who also didn't want to be named because the talks aren't ...
Schaeffler Said to Set Pricing on 6 Billion Euros of Loans - BusinessWeek
A 1 billion-euro revolving credit facility and a 3 billion- euro term loan B that mature in 2015 will pay initial interest of 425 basis points more than the euro interbank offered rate, said the people, who declined to be identified as the transaction ...
California's Solo Mortgage Probe Complicated by 2008 Deal - 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 ...
Obama Said to Curtail $21 Billion Guam Military Expansion - BusinessWeek
3 (Bloomberg) -- President Barack Obama plans to curtail a plan costing as much as $21.1 billion to expand the US military's presence in Guam and instead will rotate some of the Marines through the Asia-Pacific region, people familiar with the matter ...
Dollar Drops Against Euro on Bets US Payrolls Rose Last Month - BusinessWeek
The ministers won't brief reporters after the meeting, according to the spokesman, speaking on condition of anonymity. “The continuing uncertainty in Greece has contributed to a slightly weaker euro this week,” said Michael Derks, chief strategist at ...
Air India Said Set for Government Approval to Buy Boeing 787s - BusinessWeek
787s, will get final government approval to buy the planes next week, paving the way for the belated start of deliveries, two people familiar with the matter said. The state-owned carrier's plan to buy 27 planes will be signed off by a group of ...
ANC Study Said to Propose S. Africa Mine Resource-Rent Tax - BusinessWeek
Nationalizing the country's mine assets would be too expensive for the government as it would cost almost 1 trillion rand ($131 billion), according to the study, the official, who declined to be identified because the document hasn't been made public, ...
China International Marine Said to Attract Seven Banks to Loan - BusinessWeek
The company aims to complete syndication of the loan next week, said the people, who asked not to be identified because the details are private. The seven banks joining the loan are in addition to HSBC holdings Plc, ING Groep NV and Standard Chartered ...
Lightspeed Said to Be Raising $875 Million for US, China Funds - BusinessWeek
The Menlo Park, California-based firm's US fund is gathering about $675 million, with the remaining $200 million going to the China fund, said the people, who asked not to be identified because the information isn't public. Venture capital firms are ...
Wall Street Split as Money Managers Fault Bank Foreclosure Deal - BusinessWeek
Leaders of the panel told other participants in an e-mail last week that Sifma won't let the AMG's voice be heard, according to one of the people, who declined to be identified because they weren't authorized to comment. The panel's press release, ...
Euro Set for Weekly Drop Against Majors on Greek Debt Concern - BusinessWeek
The ministers will discuss current issues without briefing reporters after the meeting, according to the spokesman, speaking on the condition of anonymity. Luxembourg Prime Minister Jean-Claude Juncker said Greek bond-swap talks with private creditors ...
Blackstone Said to Study Brocade Communications Buyout - BusinessWeek
While Blackstone is in talks with Brocade, which has been seeking a buyer since 2009, reaching a deal may be difficult, said the person, who declined to be identified because the matter isn't public. Brocade, a maker of switches for data storage ...
Corzine Sought 'Yes Man' for MF Global Bet, Lawmakers Say - BusinessWeek
Investigators have located almost all of the $1.2 billion in client money that went missing as the firm unraveled, a person briefed on the matter said yesterday. The probe has traced 90 percent of the money to other customer or bank accounts, ...
Obama to detail broader housing refinance plan - BusinessWeek
The features of the new proposal were confirmed Wednesday by a senior administration official who spoke on the condition of anonymity to discuss the program ahead of Obama's remarks. The Wall Street Journal first reported the details Wednesday.
Televisa Extends Losses After Phone Deal Veto: Mexico City Mover - BusinessWeek
Guards punched and shoved antitrust lawyers trying to enter Iusacell's building in Mexico City, according to a government official who asked not to be named because of the antitrust agency's policy. Iusacell plans to file a complaint with Mexico's ...