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BusinessWeek



Grifols Said to Seek $3.4 Billion in Loans to Refinance Debt - BusinessWeek
Proceeds will be used to refinance debt used to support the Barcelona-based company's acquisition of Talecris Biotherapeutics Holdings Corp. in 2010, according to a person with knowledge of the deal, who declined to be identified because the terms are ...
January 30, 2012


Peru 6.2-Magnitude Earthquake Injures 119 and Damages Homes - BusinessWeek
Southern Copper Corp., Peru's largest producer of the metal, didn't sustain any damage at its mines or smelter, said a company official briefed on the matter, declining to be named because of company policy. Pluspetrol SA said its Camisea natural gas ...
January 30, 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 ...
January 30, 2012


Citigroup's Coutts Said to Depart as Co-Chief of France Unit - BusinessWeek
Pandit, who's seeking to cut as much as $3 billion from costs this year, may eliminate 5000 jobs and has reduced investment bank bonuses by an average 30 percent, a person briefed on the matter has said. Revenue at Citigroup, the third-biggest US bank, ...
January 30, 2012


EU Stumbles on Greek Plan as Merkel Signals Debt Deal Delay - BusinessWeek
Creditors are willing to take an average coupon of as low as 3.6 percent on new 30-year bonds, said a person familiar with the matter, who declined to be identified because a final deal hasn't been struck yet. As recently as Jan.
January 30, 2012


BofA's Montag Names Meissner Sole Head of Investment Banking - BusinessWeek
Compensation for the unit's dealmakers was reduced by an average of 25 percent, people briefed on the matter have said. “What is the right fixed-cost structure given what we see in the market conditions and opportunities?” Moynihan, 52, said earlier ...
January 30, 2012


JPMorgan Said to Start Marketing Samurai Sale for This Week - BusinessWeek
The biggest US bank will sell five-year fixed-rate bonds yielding 80 basis points more than the yen swap rate, according to a person with direct knowledge of the matter. The sale is slated for Feb. 2, the person said.
January 30, 2012


JPMorgan Said to Start Marketing Sale of 5-Year Samurai Bonds - BusinessWeek
2, according to a person with direct knowledge of the matter. The lender told investors it will price five-year bonds to yield 80 basis points more than the yen swap rate, said the person, asking not to be identified as the information is private.
January 30, 2012


California's Harris Seeks to Improve Mortgage Deal With Holdout - BusinessWeek
The proposed multistate settlement won't release banks from criminal liability, said another person briefed on the talks who declined to be identified because the negotiations are continuing. Any final agreement will be narrowly focused to release ...
January 30, 2012


Goldman Sachs Among Banks Fighting to Exempt Half of Swaps Books - BusinessWeek
The exposure includes 53 percent, or $16 billion, in foreign branches and subsidiaries, and 47 percent, or $14 billion, in domestic offices, said the person, who spoke on condition of anonymity because the bank has not authorized employees to speak ...
January 30, 2012


Barnes & Noble Said to Be in Talks to Sell Nook Outside US - BusinessWeek
27 (Bloomberg) -- Barnes & Noble Inc., the largest US bookstore chain, is working on a deal to sell its Nook digital devices in stores outside the US for the first time, according to a person familiar with the situation. The chain is developing a ...
January 30, 2012


Delta Air Said to Study US Airways Bid in Review of M&A Options - BusinessWeek
30 (Bloomberg) -- Delta Air Lines Inc. is studying a bid for US Airways Group Inc. as North American carriers assess possible combinations after the bankruptcy of American Airlines parent AMR Corp., people familiar with the matter said.
January 30, 2012


ABB Said to Near Purchase of Thomas & Betts for About $4 Billion - BusinessWeek
ABB, based in Zurich, may announce a deal as soon as today, said the person, who spoke on condition of anonymity because the negotiations are private. The talks for Thomas & Betts, whose market value was $3.02 billion based on its Jan.
January 30, 2012


ABB Said to Near Purchase of Thomas & Betts for $4 Billion - BusinessWeek
ABB, based in Zurich, may announce a deal as soon as tomorrow, said the person, who spoke on condition of anonymity because the negotiations are private. The talks may still break down for Thomas & Betts, whose market value was $3.02 billion based on ...
January 29, 2012


Romney, Gingrich Make Final Appeals to Florida Republicans - BusinessWeek
The Romney campaign bought more than $1 million worth of advertising time to run it, according to a person familiar with the purchase who spoke on condition of anonymity. The NBC News legal department wrote a letter to Romney's campaign asking for the ...
January 29, 2012


News Corp. Staff at The Sun Arrested as Police Probe Widens - BusinessWeek
The four arrested employees are The Sun's head of news Chris Pharo, crime editor Mike Sullivan, former deputy editor Fergus Shanahan and former managing editor Graham Dudman, according to two people familiar with the matter, who declined to be named ...
January 29, 2012


News Corp. Workers Arrested as Bribery Probe Spreads to The Sun - BusinessWeek
The four arrested employees are The Sun's head of news Chris Pharo, crime editor Mike Sullivan, former deputy editor Fergus Shanahan and former managing editor Graham Dudman, according to two people familiar with the matter, who declined to be named ...
January 29, 2012


Romney, Gingrich Trade Jabs Courting Florida Primary Voters - BusinessWeek
The Romney campaign bought more than $1 million worth of advertising time to run it, according to a person familiar with the purchase who spoke on condition of anonymity. The NBC News legal department wrote a letter to Romney's campaign asking for the ...
January 28, 2012


Delta Said to Weigh US Airways Bid in Review of M&A Options - BusinessWeek
A possible combination with US Airways is only one of the options the Atlanta-based carrier is considering amid an ongoing review of the competitive landscape that may not lead to any offers, said two of the people, who declined to be identified ...
January 28, 2012


Citigroup Said to Cut Bonuses in Investment Bank By About 30% - BusinessWeek
Some businesses within the securities and banking unit had bonuses reduced by as much as 70 percent compared with the previous year, said the person, who asked to remain anonymous because the decisions aren't public. The unit, led by James “Jamie” ...
January 28, 2012


SEC Chairman Said to Face Pushback Over Hiring Next Watchdog - BusinessWeek
Commissioners were recently presented the plan in which panels of senior SEC staff would rate, interview and suggest final candidates to succeed H. David Kotz, according to the people, who asked not to be named because the plans weren't public.
January 27, 2012


GM Seen Accelerating Opel Restructuring as Sales Plunge: Cars - BusinessWeek
The people asked not to be identified because the planning was private. Klaus-Peter Martin, a GM spokesman, declined to comment on the plans. Opel, based in Ruesselsheim, Germany, lacks the cachet of Volkswagen and others in Europe and has been unable ...
January 27, 2012


Citigroup Said to Cut Bonuses in Investment Bank About 30% - BusinessWeek
Some businesses within the securities and banking unit had bonuses reduced by as much as 70 percent compared with the previous year, said the person, who asked to remain anonymous because the decisions aren't public. The unit, led by James “Jamie” ...
January 27, 2012


Citigroup Said to Cut 2011 Bonuses in Investment Bank About 30% - BusinessWeek
27 (Bloomberg) -- Citigroup Inc., the third-biggest US lender by assets, cut 2011 bonuses in its investment banking division by about 30 percent on average, according to a person briefed on the matter. Some businesses within the securities and banking ...
January 27, 2012


SEC's Schapiro Said to Face Pushback Over Choosing Next Watchdog - BusinessWeek
Schapiro recently told commissioners that she had selected panels of senior SEC staff to rate, interview and suggest final candidates to succeed H. David Kotz, according to the people, who asked not to be named because the plans weren't public.
January 27, 2012


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