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BusinessWeek



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


Soros Sits Out Obama Super-PAC Money Race Beside Big Givers - BusinessWeek
Former House Speaker Newt Gingrich has benefitted from $10 million in donations from Las Vegas billionaire Sheldon Adelson and his wife Miriam, according to a person close to him. Bing, who gave $13 million in 2004 to Democratic committees, ...
February 1, 2012


Brazil 'No Matter What' Pushes Private-Equity to Public Deals - BusinessWeek
... York-based private-equity firm run by Henry Kravis and George Roberts, has been seeking to hire a senior executive in Brazil since the beginning of last year and plans to open an office in Sao Paulo, according to a person familiar with the matter.
February 1, 2012


Ex-Credit Suisse Workers Said to Face Charges Over Mismarking - BusinessWeek
31 (Bloomberg) -- Former Credit Suisse Group AG employees will be charged with intentionally mismarking the prices of collateralized debt obligations, a person familiar with the matter said. The US Securities and Exchange Commission was also involved ...
February 1, 2012


Device Makers Said to Double FDA Fees to Get Quicker 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 ...
February 1, 2012


Nomura Said to Hire Aird as Europe Head of Equity Syndicate - BusinessWeek
Aird will start at the Japanese bank's London office in the beginning of February, said the person, who declined to be identified because the plans are private. He was with Credit Suisse for more than a decade. While there, he worked in London as a ...
February 1, 2012


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 ...
February 1, 2012


Brazil Homebuilder Gafisa Said to Get Bid From Investment Fund - BusinessWeek
31 (Bloomberg) -- Gafisa SA, Brazil's third-biggest homebuilder by revenue, received a bid from an investment fund to buy all of the company's shares, a person familiar with the matter said. The proposed deal will be announced soon, the person said ...
January 31, 2012


Facebook Is Said to Hire Morgan Stanley to Lead Public Offering - BusinessWeek
Morgan Stanley, the New York-based investment bank, 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 typically results in a larger share of the fees ...
January 31, 2012


China-Based Hackers Target Law Firms to Get Secret Deal Data - BusinessWeek
According to a person familiar with the case who asked not to be identified because of the criminal investigation, the hackers' victims included Toronto-based law firms Blake, Cassels & Graydon LLP, which represented BHP, a company with primary offices ...
January 31, 2012


Ford Awarded Investment-Grade Yields on $1 Billion of Debt - BusinessWeek
Ford Motor Credit Co. plans to offer five-year senior notes that may yield 4.25 percent, said a person with knowledge of the offering, who declined to be identified because terms aren't set. That compares with the average yield of 4.24 percent on BBB ...
January 31, 2012


Petrobras Plans Four-Part Debt Sale to Double Oil Output - BusinessWeek
... overseas notes in 2011, plans to sell new three- and five-year debt while issuing more of its bonds maturing in 2021 and 2041 as soon as tomorrow, according to a person familiar with the plan who asked not to be identified because terms aren't set.
January 31, 2012


Gafisa Surges on Speculation Company to Be Sold: Sao Paulo Mover - BusinessWeek
An official at an external press relations firm representing Gafisa, who asked not to be identified in accordance with company policy, said the homebuilder doesn't comment on market rumors. Gafisa's consolidated new projects fell 21 percent in 2011 and ...
January 31, 2012


Ex-Credit Suisse Traders Said to Plan Asian-Focused Hedge Fund - BusinessWeek
... trading for equity and equity derivatives, and Olivier Garcia, the Swiss bank's former head of Asia-Pacific exotic trading, intend to start trading in the second quarter, said the people, who declined to be identified because the plans are private.
January 31, 2012


Deutsche Bank Said to Plan $1 Billion CMBS Deal as Sales Resume - BusinessWeek
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


US Refiners Said to Be Preparing for Possible Union Strike - BusinessWeek
... refinery requested contractors to help operate their facilities in case the United Steelworkers union, representing more than 30000 employees nationwide, decide to walk out, said the people, who declined to be identified because the information ...
January 31, 2012


China Tightens Rules for Handling Ships Including Valemax - BusinessWeek
A Vale official in Rio de Janeiro, who declined to be named citing corporate policy, said the company wouldn't comment. Vale rose 1.7 percent to 42.34 reais in Sao Paulo at 12:52 pm, extending its increase since the beginning of the year to 12 percent.
January 31, 2012


US Oil Refiners Said to Be Preparing for Possible Union Strike - BusinessWeek
31 (Bloomberg) -- US oil refiners, including ConocoPhillips and Exxon Mobil Corp., have asked contractors to cross picket lines as part of plans to keep plants running if union workers strike, two people familiar with the matter said.
January 31, 2012


Employment Costs in the US Increased 0.4% in Fourth Quarter - BusinessWeek
The company said this month that it will eliminate about 1200 workers. Citigroup also may cut 2011 bonuses in its investment banking division by about 30 percent on average amid slumping revenue, according to a person briefed on the matter.
January 31, 2012


Dassault Jumps Most in 22 Years on Rafale India Bid: Paris Mover - BusinessWeek
31 (Bloomberg) -- Dassault Aviation SA rose the most in more than 22 years, after a person familiar with the matter said the company emerged as the lowest bidder to supply 126 fighter jets to the Indian Air Force. India's Defense Ministry will begin ...
January 31, 2012


Pep Boys Seen Gaining 27% as Cheapest Value Lures Bids: Real M&A - BusinessWeek
It had received initial indications of interest at $10 a share to $11 a share, the people, who declined to be identified because talks weren't public, said at the time. “$15 per share is pretty much as good as it's going to get for Pep Boys,” Anthony ...
January 31, 2012


TPG Capital Said to Drop Pursuit of Calik Media Assets in Turkey - BusinessWeek
TPG didn't bid for Calik units ATV television and Sabah newspaper, the person said on the condition of anonymity because the talks were private. Rupert Murdoch's New Corp. and US media company Time Warner Inc. were also weighing offers as recently as ...
January 31, 2012


China-Based Hackers Target Law Firms to Grab Secret Deal Data - BusinessWeek
According to a person familiar with the case who asked not to be identified because of the criminal investigation, the hackers' victims included Toronto-based law firms Blake, Cassels & Graydon LLP, which represented BHP, a company with primary offices ...
January 31, 2012


California's Harris Seeks Edge in US Foreclosure Standoff - 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 ...
January 30, 2012


Argentina Stocks: BBVA Banco Frances, Banco Macro and YPF Drop - BusinessWeek
A YPF press official, who asked not to be named in accordance with company policy, declined to comment. BBVA Banco Frances SA (FRAN AF), the local unit of Spain's Banco Bilbao Vizcaya Argentaria SA, decreased 4.3 percent to 9.18 pesos.
January 30, 2012


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