Anonymous sources
Financial Times
California spurns $15bn in mortgage aid - Financial Times
Bank of America had guaranteed California borrowers would receive $8bn in mortgage aid, while Wells Fargo and JPMorgan Chase committed at least $5bn to the state's distressed homeowners, according to people familiar with the matter, who declined to ...
Japan to inject $12.9bn into Tepco - Financial Times
... government will inject Y1,000bn ($12.9bn) of fresh capital into Tokyo Electric Power (Tepco), owner of Fukushima Daiichi nuclear power plant, effectively nationalising the financially-strapped utility, according to people familiar with the matter.
Roche makes $5.7bn hostile bid for Illumina - Financial Times
According to people familiar with the matter, discussions between the two companies began in early December, with Illumina rejecting a $40 a share offer from Roche earlier this month. Illumina shares closed 3.79 per cent higher on Tuesday at $37.69.
Blackstone raises $6bn for new property fund - Financial Times
By Anjli Raval and Dan McCrum in New York Blackstone Group has secured more than $6bn in pledged capital for a new property fund, largely comprised of distressed assets, according to a person familiar with the matter. The New York-based private equity ...
Hedge funds trailing key level to charge fees - Financial Times
Citadel's Kensington and Wellington funds passed the hurdle after rising 20 per cent last year, and then adding a further 2.5 per cent in the first three weeks of January, according to a person familiar with the situation. Such managers dealing with ...
First senior departure at Glencore since IPO - Financial Times
Mr Blumgart will leave within the year, according to people familiar with the matter. Mr Blumgart is co-head of aluminium and a member of the 13-strong management committee that runs Glencore's day-to-day business, together with chief executive Ivan ...
Hollande faces leadership test - Financial Times
“But there is a leadership issue,” acknowledges a person close to the socialist camp. “He's very astute politically and very determined. But he always looks for compromises.” This trait has over the years earned Mr Hollande a number of sobriquets, ...
Four banks set to bid for mortgage securities - Financial Times
The auction is scheduled to take place on Thursday, with BlackRock Solutions managing the sale, according to people familiar with the matter. The four banks and the New York Fed declined to comment. The securities, which have a notional value of $7bn, ...
BP in talks with Petroplus - Financial Times
The oil and gas group has been in talks with Petroplus, Europe's largest independent refiner, to ensure the supply of gasoline, diesel and other refined products from the Coryton refinery in Essex, according to a person familiar with the situation. ...
Vultures circle GHG as restructuring looms - Financial Times
The special situations arm of KKR, the US private equity group, is one of the funds that has bought some of the hospital company's debts, according to people familiar with the matter. KKR declined to comment. Taking over GHG could be difficult and ...
Hospital group GHG teeters on the brink - Financial Times
As well as the property arm's main debts of £1.65bn, it has a £420m liability through an interest rate swap, while the operating arm has debts of £260m, according to a person close to the situation. But investors would gain no value from breaking up ...
State prosecutors confer over US mortgages probes - Financial Times
No deal has been reached, people familiar with the matter said. A spokesman for the Department of Housing and Urban Development, the federal agency spearheading the multistate settlement talks, declined to comment. “Through frequent conference calls, ...
Greek bondholders say time running out - Financial Times
They think they can play brinkmanship over this but Greece has got the upper hand,” said a person close to one large bondholder. Evangelos Venizelos, Greek finance minister, said he was “cautious but confident” after a meeting with Charles Dallara, ...
Goldman departures a sign of higher turnover - Financial Times
Goldman declined to comment on the departures, however a person familiar with the matter said they had left of their own accord. Mr Heller, 44, had been touted as a potential successor to chief executive Lloyd Blankfein but he has recently spent more ...
Doubts grow over Saleh's pledge to step down - Financial Times
An opposition minister, who refused to be named, told the Financial Times: “President Saleh is the main problem. He is the reason the revolution was launched, and we are trying to realise its goals by achieving peace.” Please don't cut articles from ...
NYSE's Lukken set to head futures association - Financial Times
... run by NYSE Euronext, is set to be appointed next president of the US Futures Industry Association, many of whose members have been engulfed in the debacle surrounding collapsed futures broker MF Global, four people familiar with the matter said. ...
BofA to cut 75 managing directors in Asia - Financial Times
Bank of America Merrill Lynch is to lay off a fifth of its 75 managing directors in Asia as part of a reshuffle at the troubled US lender, according to people familiar with the matter. The move is the latest in a round of job losses at investment banks ...
Microsoft to promote smartphone software - Financial Times
Despite rising anticipation on Wall Street, however, the software company is not ready to take the wraps off a new version of Windows, according to a person familiar with its plans. Windows 8, expected to be launched this year, is designed to work with ...
Greek bondholders poised to accept higher losses - Financial Times
“The ECB's holding will be the story to watch in the next few months,” a person close to bondholders said. Advisers said agreement on a deal was necessary in the next week or so because implementation of such a complex debt exchange would take many ...
HK approves first set of RQFII funds - Financial Times
... CSOP will start an initial public offering for its RQFII fund, the China Southern Shen Zhou RMB Fund, early this month, according to a marketing officer from the company, who declined to be named due to internal compliance issues. ...
Agility due to submit preliminary motion to US court prior to 24 Jan hearing - Financial Times
... to investors. www.dealreporter.com Agility is due to submit a preliminary motion to a US court prior to a hearing on 24 January in response to a lawsuit filed against it by the US government, a person close to the Kuwaiti company told dealReporter. ...
Mortgage talks point to likely investor losses - Financial Times
Investors probably would have no say in the decision, according to people familiar with the matter. Mortgages serviced on behalf of taxpayer-owned giants Fannie Mae and Freddie Mac would not be eligible for principal reduction, though they would be ...
Bombs targeting Iraqi Shia kill over 70 - Financial Times
Two more bombs were detonated simultaneously near a hospital in the same area, according to Ministry of Interior officials who spoke on the condition of anonymity because they were not authorised to speak publicly. A total of nine people were killed ...
Key Brussels Mifid regulator to move jobs - Financial Times
... handling key reforms of securities markets, is likely to leave his post shortly and be appointed to a new job at a different department spearheading auditing reform and free movement of capital, three people familiar with the matter said. ...
JD Sports enters fray for Blacks Leisure - Financial Times
The sports retailers are understood to be among four parties preparing final offers to be submitted by a deadline of Thursday to KPMG, which is handling the sale process, say people familiar with the matter. Any deal to save the outdoor leisure group ...