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BusinessWeek
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 ...
HSBC Said to Move Fund Operations Unit to Ireland From US - BusinessWeek
30, said the person, who declined to be identified as the process is yet to be completed. Some roles may move to Dublin, the person said. Chief Executive Officer Stuart Gulliver is reversing some of HSBC's expansion over the past two decades, ...
HSBC Said to Move Fund Administration Unit to Ireland From US - BusinessWeek
30, said the person, who declined to be identified as the process is yet to be completed. Some roles may move to Dublin, the person said. Chief Executive Officer Stuart Gulliver is reversing some of HSBC's expansion over the past two decades, ...
Credit Suisse's India Chief Operating Officer Said to Depart - BusinessWeek
Vijay Gussain, India head of equities sales and trading for the Zurich-based bank, is also leaving, said the people, who asked not to be identified because the departures aren't public. Credit Suisse, which said last year it would eliminate about 3500 ...
Harvard Targeted in US Asian-American Discrimination Probe - BusinessWeek
The agency is looking into a similar August 2011 allegation against Princeton as part of a review begun in 2008 of that school's handling of Asian-American candidates, said the spokesman, who declined to be identified, citing department policy.
Gerdau Said to Seek Sale of Mine Unit Stake for $2. - BusinessWeek
Gerdau, based in Porto Alegre, Brazil, hired Goldman Sachs Group Inc. to handle the transaction, said the person, who asked not to be identified because the matter is private. International companies including Chinese and Japanese firms are interested ...
SEC's Owner Threshold, MF Global Hearing, Tax Plan: Compliance - BusinessWeek
The person declined to be identified because the investigation isn't public. Credit Suisse won't be prosecuted, the person said. John Nester, an SEC spokesman, declined to comment yesterday on the case. Higgs, Siddiqui and Serageldin haven't worked for ...
Glencore Said to Be Near Agreement to Combine With Xstrata - BusinessWeek
The two Switzerland-based companies may announce a deal as early as this week, said the people, who declined to be identified because the plans are confidential. The combined company may be valued at 52 billion pounds ($82 billion) after excluding ...
Record Bugatti Vies $32 Million Ferrari GTO as Cars Lure Buyers - BusinessWeek
The Ferrari racer was an early example, had a competition history and was in well-preserved condition with original paint, said dealers, who asked not to be named. Cars often fetch higher prices through discreet transactions than they do at auction.
Shares May Be 5 Times as Expensive as Google - BusinessWeek
The company is considering a valuation of $75 billion to $100 billion, said the people, who declined to be identified because the matter is private. Based on the top end of that range, Facebook would be valued at 100 times its 2011 net income.
Facebook Bankers May Get Fees of 1% to 1. - BusinessWeek
Facebook hasn't set a final fee, said the people, who declined to be named because the information is private. The Menlo Park, California-based company hired Morgan Stanley to lead its IPO and seeks to raise $5 billion, according to a regulatory filing ...
Gerdau Said to Seek Sale of Mine Unit Stake for $2.5 Billion - BusinessWeek
1 (Bloomberg) -- Gerdau SA, Latin America's largest steelmaker, is seeking to sell 40 percent of its mining unit for about $2.5 billion, a person familiar with the matter said. Gerdau, based in Porto Alegre, Brazil, hired Goldman Sachs Group Inc. to ...
MF Global Investigators Said to Trace 90 Percent of Client Money - BusinessWeek
1 (Bloomberg) -- Investigators probing the collapse of MF Global Holdings Ltd. 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.
Deutsche Boerse-NYSE, Gupta, Muni Bonds: Compliance - BusinessWeek
... 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.
Prudential Capital Said to Seek $1 Billion for Mezzanine Fund - BusinessWeek
1 (Bloomberg) -- Prudential Capital Group, an investment unit of Prudential Financial Services Inc., is seeking $1 billion for its fourth mezzanine debt fund, according to two people familiar with the matter. Prudential Capital Partners IV LP will make ...
Brazilian Stock Movers: Gafisa, OGX Petroleo, QGEP, Totvs - BusinessWeek
Brazil's third-biggest homebuilder by revenue received a bid from an investment fund to purchase all of its shares, according to a person familiar with the matter who asked not to be identified because the talks are private. An official at an external ...
ECB Loan Collateral Plan Said to Be Avoided by Some Euro Members - BusinessWeek
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 ...
Credit Suisse Employee Higgs Surrenders in CDO Prosecution - BusinessWeek
1 (Bloomberg) -- David Higgs, who has worked at Credit Suisse Group AG, surrendered to the FBI after a person familiar with the matter said fewer than five people will be charged in a US prosecution for intentionally mismarking prices of securities ...
Macquarie Said to Vie for Deutsche Bank Asset Divisions - BusinessWeek
The deadline for second-round offers is next week, and the German lender plans 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. and ...
Greek Bondholders Said Set to Get GDP Sweetener in Debt Swap - BusinessWeek
... lowered their demands for an average coupon on the new 30-year securities they would receive to as little as 3.6 percent from 4.25 percent after European officials demanded they take steeper losses, people familiar with the matter said at the time.
UK Said to Plan Solar Subsidy Cuts at Regular Intervals - BusinessWeek
The plan will include a deployment trigger mechanism 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 ...
Macquarie Said to Vie for Deutsche Bank Asset Divisions - BusinessWeek
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. and ...
Obama's War of Words With Iran Is Unlike Bush's Iraq Campaign - BusinessWeek
As tensions rise, administration officials said they are increasingly concerned that a miscalculation by either side could trigger both a war that sends oil prices skyrocketing and a worldwide terror campaign by Iran and its proxies such as the radical ...
Device Makers Said to Double FDA Fees to Produce Faster Reviews - BusinessWeek
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 ...