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Wall Street Journal



India Eases Currency Trading Limits for Some Banks - Wall Street Journal
The treasury head of a private-sector bank, who declined to be named, said the Reserve Bank of India has eased limits on the so-called daylight positions as well as unhedged foreign currency positions that his bank can hold overnight.
February 6, 2012


Banks' Offices Shrink - Wall Street Journal
Now UBS, which is trying to figure out how to manage its hodgepodge of office spaces, is looking to shed several large blocks of space, including 110000 square feet at 101 Park Ave., according to people familiar with the matter.
February 6, 2012


Ford Dealers Made Average Profit of $642000 in 2011 - Wall Street Journal
Three dealers, who attended the meeting, confirmed the figure but declined to be identified since they don't officially speak for the company. "We had a steady flow of customers all year and many who are buying want the heated seats, want the hands ...
February 6, 2012


PepsiCo, Coke to Update Investors - Wall Street Journal
PepsiCo directors have identified John Compton, head of Americas foods, Europe chief Zein Abdalla and Chief Financial Officer Hugh Johnston as internal front-runners to eventually succeed Mrs. Nooyi, said a person familiar with the matter.
February 6, 2012


Dexia Heads To Next Life As French Near a Deal - Wall Street Journal
A stumbling block remains the price of Dexma, which the government has valued at €380 million, a price deemed too high by CDC and La Banque Postale, the people familiar with the matter said. Another hurdle is the fate of Dexia's more than 1300 ...
February 5, 2012


Pressure Mounts on BOJ to Weaken Yen After US Criticism of Intervention - Wall Street Journal
Mr. Yamaguchi "poured gasoline into the fire," a government official said Friday, adding, "political frustrations with the BOJ have been growing." As Japan's export-led economic rebound loses steam owing to flagging overseas demand and export-damaging ...
February 5, 2012


Goldman Cuts Blankfein's Bonus - Wall Street Journal
About 50 partners left the firm last year after much lower attrition in 2010 and 2009, said a person familiar with the matter. Partners earn a base salary of $900000, along with bonuses that are paid mostly in stock that can't be cashed in for five ...
February 3, 2012


Benefits and Barriers as Facebook's Friend - Wall Street Journal
According to a person close to DST, the stock-sale restriction was an unusual agreement made at Facebook's request because DST's large stock ownership in the social network could sway the stock price if sold all at once. Facebook declined to comment.
February 3, 2012


CREDIT MARKETS: Growth Prospects Spur Risk-Rally, Safe-Haven Selloff - Wall Street Journal
... the New York Fed is asking for bids on some $6 billion in RMBS from its Maiden Lane II portfolio, which it took on as part of the 2008 bailout of American International Group Inc., said an investor and a person close to the deal.
February 3, 2012


Another AIG Bond Sale Could Be in Offing Amid Rise in Risky Mortgage-Bond Trading - Wall Street Journal
... York Fed is asking for bids on some $6 billion in residential mortgage-backed securities from its Maiden Lane II portfolio it took on as part of the 2008 bailout of American International Group Inc., said an investor and a person close to the deal.
February 3, 2012


Euro-Area Finance Ministers To Meet When There Is Clarity On PSI - EU Spokesman - Wall Street Journal
Earlier EU officials who declined to be named indicated that a Eurogroup meeting tentatively planned for Monday in Brussels would be postponed because of difficulty securing a deal. "There is a crisis situation, meetings can be held in short notice.
February 3, 2012


Facebook and Zynga: Sharing Riches Isn't Always Easy - Wall Street Journal
Zuckerberg and Pincus—27 years old and 45 years old, respectively—generally view their companies' co-dependency as a positive development, the intertwined relationship has caused tension at times, people familiar with the matter say.
February 3, 2012


Hutchison Whampoa to Buy Orange Austria - Wall Street Journal
By ALISON TUDOR HONG KONG—Hong Kong conglomerate Hutchison Whampoa Ltd. agreed to buy Austria's third-largest mobile operator for about €1.3 billion (US$1.7 billion) including debt, according to people familiar with the matter, in a move that will ...
February 3, 2012


Swaps Contracts Seen Shrinking as New Rules Come - Wall Street Journal
By KATY BURNE Some dealers in the privately traded derivatives market are considering whether to offer interest-rate and credit-default swaps in small sizes as these markets evolve, according to people familiar with the matter.
February 3, 2012


This Adviser Enjoys Friends in High Places - Wall Street Journal
When Mr. Makan and his team left Goldman Sachs and moved to Morgan Stanley in 2008, he received a signing bonus of roughly $20 million, according to people familiar with the matter. The bonus was repayable as a loan over a period of several years, ...
February 2, 2012


BMW Canada Raises C$450M From Debt Issues - Wall Street Journal
TORONTO (Dow Jones)--BMW Canada, a unit of German luxury automaker BMW AG, raised a total of C$450 million (US$450.4 million) from two debt issues, according to a person familiar with the matter. That's C$50 million more than the minimum target.
February 2, 2012


Xstrata's Davis Would Be CEO of Combined Company - Wall Street Journal
... Xstrata PLC and Glencore International AG explore a historic combination, the mining companies are discussing a plan that would put Xstrata Chief Executive Mick Davis in charge of the combined entity, according to people familiar with the matter.
February 2, 2012


HSBC to Shut US Fund-Administration Unit - Wall Street Journal
The move could result in the layoffs of approximately 200 New York City-based employees, although final decisions will be made over the next six to nine months, one of the people familiar with the matter said. The business, a small unit of HSBC's ...
February 2, 2012


Indonesia's January Crude Output 739491 B/D -Official - Wall Street Journal
JAKARTA (Dow Jones)--Indonesia's crude oil output averaged 739491 barrels a day in January, below the government's target of 817423 barrels a day for this year, a government official said Thursday. Raden Priyono, the chairman of the upstream oil and ...
February 2, 2012


Casino Mogul, Gingrich May Keep Distance - Wall Street Journal
... because of his stance on Israel, recent events—including a kerfuffle over a special caucus at a school for Orthodox Jews that bears Mr. Adelson's name—have the men trying to minimize their connection publicly, said people familiar with the matter.
February 2, 2012


Casino Mogul, Gingrich May Keep Distance - Wall Street Journal
... because of his stance on Israel, recent events—including a kerfuffle over a special caucus at a school for Orthodox Jews that bears Mr. Adelson's name—have the men trying to minimize their connection publicly, said people familiar with the matter.
February 2, 2012


Corzine Is the Invisible Man - Wall Street Journal
... over the strategy, including pushing MF Global's board in 2010 or early 2011 to approve a new subcommittee that could give quicker authorization for European trades going beyond previously set limits, according to people familiar with the matter.
February 2, 2012


Who Is RayWJ? YouTube's Top Star - Wall Street Journal
But people familiar with the matter say that for every two million views, performers who have partnered with YouTube receive $3000 to $9000, depending in part on the country and the platform where the video is viewed. To put that in perspective, ...
February 2, 2012


Congress's Number Cruncher Comes Under Fire - Wall Street Journal
... made privately to the investigators by a former CBO economist that she was fired for producing work at odds with Wall Street research favored by her supervisors, according to people familiar with the matter and documents related to the inquiry.
February 2, 2012


Facebook Taps Morgan Stanley, JP Morgan - Wall Street Journal
Facebook has pursued a more conservative course, wanting to avoid distractions and minimize the impact of the IPO on the company's business, people familiar with the matter said. Morgan Stanley snagged the coveted "lead-left" position on the ...
February 1, 2012


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