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MSN Money
Inside the Facebook flop - MSN Money
Many learned of the growth in the deal's size after the change was filed Wednesday morning with regulators, according to people familiar with the matter. One person said decisions were kept close to the vest to prevent leaks. Another person said that, ...
Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion - MSN Money
Limiting outside ownership was a major motivation for Alibaba Chief Executive Jack Ma because of new Chinese regulations on foreign-controlled Internet companies, a person close to Ma said. In a round of talks that collapsed in February, ...
Crucial week for Facebook after modest debut - MSN Money
"Right now you have one big buyer, Morgan Stanley," said a former chief operating officer for Bear Stearns, who dealt with IPOs on the investment bank's syndicate allocation committee, but asked not to be named as he did not want to talk publicly about ...
Elpida selling over 50 percent of mobile chips to Apple: source - MSN Money
The source declined to be named as he was not authorized to speak to the media. "Apple has been diversifying its suppliers and the deal with Elpida had no major impact on other major suppliers as Elpida's share of the global mobile DRAM market is quite ...
Exclusive: Grocery chain Fairway Market eyes IPO: sources - MSN Money
The sources, interviewed this week, declined to be named because the discussions with the company were private. Sterling declined to comment, and Fairway Market could not be reached for comment. The talks come amid a run up in the shares of chains like ...
Billion-Dollar Traders Quit Wall Street for Hedge Funds - MSN Money
The rest, earned by betting on companies from American International Group Inc. to MBIA Inc., was locked up in deferred stock and euros, according to people familiar with the matter, who declined to be identified because they're not authorized to ...
Marubeni close to buying Gavilon for $5.2 billion: source - MSN Money
By Emi Emoto TOKYO (Reuters) - Japan's Marubeni Corp is in advanced talks to buy US grain and energy trader Gavilon for about $5.2 billion including debt after beating out competition from rival domestic trading firms, a source close to the deal said ...
Law firm Dewey warns of possible closure - MSN Money
DiCarmine has hired Edward Little, a former federal prosecutor in Manhattan, according to the source, who declined to be named due to the sensitivity of the matter. Little, a partner at law firm Hughes Hubbard & Reed, declined to comment on whether he ...
Citi taps Freddie Mac executive for mortgage unit: source - MSN Money
Citi may circulate an internal memo announcing Renzi's appointment as early as Wednesday, the source said. A Citi spokesman declined to comment. Freddie Mac said in a filing with the US Securities and Exchange Commission on Monday that Renzi, ...
Greek technocrat PM to return to academia after election - MSN Money
ATHENS (Reuters) - Greece's technocrat prime minister Lucas Papademos plans to resume his academic career after a snap election on May 6, a senior government official said, having secured a second bailout for the country. A former vice president of the ...
Escaped China activist in US protection: source - MSN Money
Texas-based ChinaAid said it "learned from a source close to the Chen Guangcheng situation that Chen is under US protection and high level talks are currently under way between US and Chinese officials regarding Chen's status".
Could Google buy Twitter? - MSN Money
"News Corp. got burned on the MySpace deal," an analyst (who declined to be named because the person was not authorized to speak publicly on the matter) told Benzinga this week. "[It] doesn't appear to know how to manage these Internet companies well.
White House casts Republican budget as bad for women - MSN Money
Senior administration officials said the deficit blueprint that Republicans, including the party's likely 2012 presidential nominee Mitt Romney, would put teachers out of work, take away funds for violence prevention and cut medical care for millions ...
Insight: Lost in translation: US refining model floors Petroplus - MSN Money
"Management stayed the same but guys at the refinery saw everything deteriorate without any work being carried out," said one worker at the Petit-Couronne refinery, who did not want to be identified. "Some workers were scared of coming to work ...
Stocks to watch: Oracle, General Mills - MSN Money
Vyomesh "VJ" Joshi, who is in charge of Imaging and Printing, would leave the company. The plan is aimed at reducing costs, a person familiar with the matter told the Journal. The two units together generate about $65 billion a year in revenue.
Fed gives mostly high grades in bank stress tests - MSN Money
A person close to the situation, who was not authorized to speak on the record, said the Fed quietly shifted the release to 4:30 pm EDT (2030 GMT) on Tuesday after leaks about the tests came out Monday evening. The person said that at noon on Tuesday, ...
Starbucks, Bank of America - MSN Money
According to Bloomberg, which cited an anonymous source, an announcement may come next week. The deal would give UPS a leg against its competitor FedEx. UPS currently has a 7.7% share of the European market while FedEx has 3.3%.
US Prepares Apple Lawsuit Over E-Book Prices - MSN Money
By Jeff Bliss and Sara Forden The US Justice Department told Apple Inc. (AAPL) and five publishers that it's preparing to sue them for allegedly fixing the prices of electronic books, according to a person familiar with the matter.
Newark mayor seeks probe of NYPD Muslim spying - MSN Money
The officials spoke on condition of anonymity because they were not authorized to discuss the secret programs. But the documents support their claims. Officials say that David Cohen, the deputy commissioner for intelligence, was at the center of the ...
AP News in Brief at 5:58 am EST - MSN Money
Two people briefed on the matter told The Associated Press the FBI has had him under surveillance around the clock for several weeks. They spoke on a condition of anonymity because they were not authorized to speak publicly.
Exclusive: Ally weighs sale as IPO looks bleak - MSN Money
Ally, which is 73.8 percent owned by the US government, is already in the process of selling its mortgage unit, Residential Capital, and sales of other assets could happen even as that continues, one of the sources said. The logical universe of buyers ...
Reports: More Chinese cities seize iPads - MSN Money
He refused to give his name. Shenzhen Proview Technology is a subsidiary of LCD screen maker Proview International Holdings Ltd., headquartered in Hong Kong. Proview registered the iPad trademark in China in 2001. Apple bought rights to the name from a ...
Brazil to ban sales of French-made breast implants - MSN Money
She declined to be identified because she was not authorized to speak to the press. "Women should seek their doctors' advice on what their best options are," she added. France's health system has recommended that women with the PIP implants get them ...
Ex-UBS banker turned songbird pressures Swiss banks - MSN Money
Gadola, a Swiss national, may now be called "to testify before a grand jury or at a trial against former clients, Swiss bank colleagues or other banks," said a senior government official briefed on the matter. Added a senior white-collar criminal ...
AP News in Brief - MSN Money
A person close to the bishops provided an early copy to The Associated Press on condition of anonymity since the person was not authorized to release the information. MINNEAPOLIS (AP) — Documents federal agents left behind during a September raid of ...