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BusinessWeek



Barnes & Noble Said to Be in Talks to Sell Nook Outside US - BusinessWeek
The chain is developing a partnership with the UK's Waterstones Booksellers Ltd. to add the Nook to its locations this year, said the person, who declined to be identified because the talks are private. Closely held Waterstones, the largest bookstore ...
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


Romney May Cost Private Equity as Pensions Warn of Backlash - BusinessWeek
Public pensions are sensitive to protracted debates about managers' compensation and whether buyouts create value and jobs, because they must answer to ordinary workers, said one official, who asked not to be named because he wasn't authorized to speak ...
January 27, 2012


Shareholder Arbitrations, Mutual Funds, Finra: Compliance - BusinessWeek
s Merrill Lynch, also faces a fine of 350000 pounds in the investigation, a person familiar with the matter said yesterday. Kate Haywood, a spokeswoman for JPMorgan in London, declined to comment today. A New York spokesman for Greenlight Capital ...
January 27, 2012


Credit Suisse's Dougan Said to Not Get Derivative Bonds in Bonus - BusinessWeek
... overall 2011 pay packages for senior staff -- including the new bonds -- were down about 30 percent on average from a year earlier, said people briefed on the matter who spoke on condition of anonymity because compensation discussions are private.
January 27, 2012


Posco Said to Consider Lower Capacity at Planned India Plant - BusinessWeek
The world's third-biggest steelmaker is looking to reduce the amount of land for the mill and iron ore mine project, said the people who declined to be identified because they aren't authorized to speak publicly. The plant size may be cut to 8 million ...
January 27, 2012


New York Times Co. Faces Leadership Vacuum After Robinson Ouster - BusinessWeek
Times Co. is looking for a non-family member to be CEO, making it unlikely the 62-year-old Golden will take on that role, said two people familiar with the matter. Robinson will receive an exit package totaling more than $21 million, ...
January 27, 2012


Blackstone Said to Seek Debt in Bid to Seize Building in Chicago - BusinessWeek
Blackstone, based in New York, is close to completing a deal to buy $100 million of mezzanine debt on John Hancock Center so it can try to take control of the tower, according to two people with knowledge of the situation who declined to be named ...
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


Bid & Ask: The Deals of the Week - BusinessWeek
Spanish utility Iberdrola is offering $3.4 billion to raise its stake in Brazilian power company Neoenergia from 39 percent to 75 percent, according to a person close to the deal. 4. Houston-based Apache agreed to buy Cordillera Energy Partners for ...
January 27, 2012


Ackermann Era Ends at Davos as Deutsche Bank Chief Cedes Power - BusinessWeek
The future strategy under the new heads may be set mid-April in the Swiss town of Montreux, where the annual closed-door executive meeting is taking place, two people familiar with the matter said. When Ackermann departs, he'll leave behind a firm ...
January 27, 2012


Ex-Merrill Broker in Einhorn Insider Case Said to Face UK Fine - BusinessWeek
s Merrill Lynch, facing an investigation over inside information given to Greenlight Capital Inc. Chairman David Einhorn, may be fined 350000 pounds ($550000) by the UK finance regulator, a person familiar with the matter said.
January 26, 2012


William Baer Said to Be Considered for US Antitrust Chief - BusinessWeek
... antitrust counsel to Wisconsin Democratic Senator Herb Kohl, and Leslie Overton, special adviser to the antitrust division's acting head, said a person familiar with the process who asked not to be identified because of its confidential nature.
January 26, 2012


Credit Suisse Senior Bankers' Compensation Said to Drop by 30% - BusinessWeek
For some bankers, including a number in Asia, total pay will only drop by about 20 percent, said one of the people who declined to be identified because they weren't authorized to speak publicly. Securities firms are curbing remuneration for investment ...
January 26, 2012


Specter of Euro Collapse Spurs Emergency Plan: Israel Overnight - BusinessWeek
The Defense Ministry cleared Allot of wrongdoing, saying its product had no encryption capabilities and didn't need a military export license, according to a ministry official who spoke on condition of anonymity because he wasn't authorized to speak on ...
January 26, 2012


Foreclosure-Ridden Florida Listens for Republican Housing Plans - BusinessWeek
... Financial Inc. The settlement, triggered by disclosures that the companies were using faulty documents in seizing homes, would fund principal writedowns for homeowners and provide refinancing, a person familiar with the matter told Bloomberg News.
January 26, 2012


European Central Bank Said to Buy Portuguese Government Bonds - BusinessWeek
26 (Bloomberg) -- The European Central bought Portuguese government bonds today, according to three people with knowledge of the transactions, who declined to be identified because the deals are confidential. A spokesman for the central bank in ...
January 26, 2012


Roche Seen Offering Illumina More for Gene Mapping: Real M&A - BusinessWeek
Siemens, which partnered with Illumina in November to work on genome sequencing devices, and Novartis aren't interested in bidding, according to people familiar with their plans, who declined to be identified because the matters are private.
January 26, 2012


Lockheed Profit Falls 15% on Weak Electronic, Space-Unit Sales - BusinessWeek
Purchase of as many as 179 planes may be pushed off beyond 2017, according to the officials who spoke on condition of anonymity before Defense Secretary Leon Panetta outlines the budget plans at the Pentagon today. Proposed delays for the jet come even ...
January 26, 2012


Nigeria Police Said to Arrest 160 Chadians Over Kano Attacks - BusinessWeek
... investigate whether the Islamist militant group, Boko Haram, which claimed responsibility for the attacks, has training facilities in Chad, said the police official, who declined to be identified because he's not authorized to speak to the media.
January 26, 2012


Nigerian Police Arrest 160 Chadians Over Kano Bomb Attacks - BusinessWeek
... possibility the Islamic militant group, Boko Haram, which claimed responsibility for the attacks, of having training facilities in Chad, said a police official in Kano, who declined to be named because he is not authorized to speak to the media.
January 26, 2012


Seat Pagine Gialle Board Said to Give Creditors 3-Week-Deadline - BusinessWeek
30 to finalize a proposal for the company's debt reorganization, according to a person with direct knowledge of the matter. The board will give creditors as much as three weeks to accept the restructuring plan, said the person, who asked not to be ...
January 26, 2012


RBS Said to Be Nearing Sale of Hoare Govett Unit to Jefferies - BusinessWeek
The sale, which may be announced by the end of the month, involves about 40 Hoare Govett employees as well as a small number of additional research and equity sales staff, said the people, who declined to be identified because the negotiations are ...
January 26, 2012


FHA Raises Subprime Debt Insured for Housing Rebound: Mortgages - BusinessWeek
The initiative would apply to all borrowers, whether or not their loans are currently government-backed, with details still to be worked out, according to senior administration officials, who asked not to be named. Neither Obama nor the officials ...
January 26, 2012


William Baer Said to Be Considered for New US - BusinessWeek
... antitrust counsel to Wisconsin Democratic Senator Herb Kohl, and Leslie Overton, special adviser to the antitrust division's acting head, said a person familiar with the process who asked not to be identified because of its confidential nature.
January 26, 2012


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