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Wall Street Journal (blog)



Deals of the Day: Alibaba Enlists DC Lobbyist For Potential Yahoo Bid - Wall Street Journal (blog)
Alibaba: The Chinese e-commerce company, hired the lobbying firm headed by former White House official Kenneth Duberstein as it explores a possible bid for all of Yahoo, according to a person familiar with the matter. [WSJ] Chesapeake pipeline sale: ...
December 29, 2011


What Fidelity Asked Warren Buffett - Wall Street Journal (blog)
Like other shareholders, some Fidelity staffers wanted to get the most out of the experience and thought they had better questions than others, according to people familiar with the matter. Regular attendees of the annual Buffettpalooza and value ...
December 29, 2011


Global Deal: Alibaba Hires Lobbying Firm for Yahoo Bid - Wall Street Journal (blog)
Currently, the US online pioneer's board is considering an offer that would involve substantially cutting its 40% Alibaba stake and selling its 35% ownership position in Yahoo Japan, people familiar with the matter have said. ...
December 29, 2011


Japan's Sojitz Tempts Buyer With Magnetite Attraction - Wall Street Journal (blog)
Japanese trading house Sojitz is in advanced talks to sell part of its 30% stake in the $2.57 billion Australian dollars (US$2.6 billion) Southdown magnetite project in Western Australia and share development costs, a person familiar with the matter ...
December 29, 2011


Merrill's 2012 Pay To Drive Advisers To Richer Clients - Wall Street Journal (blog)
(BAC), released details of the 2012 plan to its advisers on Tuesday, according to people familiar with the matter. Aside from motivating advisers to focus on higher-net-worth clients, the 2012 compensation plan rewards advisers who meet other goals the ...
December 23, 2011


Risk Is Out, and Goldman Sachs Cuts Ties With Brokers - Wall Street Journal (blog)
Since the beginning of last year, Goldman has cut these broker relationships to roughly six from more than two dozen, people familiar with the matter said. At the same time, Goldman's prime brokerage division has continued to drop smaller fund clients ...
December 22, 2011


A Start-Up Program For Women In Mobile Tech - Wall Street Journal (blog)
Two individual private angel investors will provide initial funding but asked not to be named, Hoey says. Women Innovate Mobile is also in discussions with about five Fortune 100 companies, she says, “who have a keen interest in mobile and supportive ...
December 21, 2011


Morgan Stanley to Invest $100-$125 Million in Mumbai — Report - Wall Street Journal (blog)
The Morgan Stanley fund will invest in the unlisted Indian firm's project in the western suburbs of Mumbai, said the sources, who declined to be named as they were not authorised to speak to the media, the agency reported.
December 20, 2011


Tech Today: Apple Shares TV Vision with Media Executives - Wall Street Journal (blog)
According to people familiar with the matter, Apple is working on a television that relies on wireless streaming technology to access shows. Sources say that Apple described a future technology that would respond to a users' voice and movements. ...
December 19, 2011


Mukesh Ambani Eyes Stake in India's Network18: Sources - Wall Street Journal (blog)
In addition to the talks with Mr. Ambani, Network18 has been exploring ways to sell off non-core assets to raise cash such as its stake in travel Web site Yatra.com, people familiar with the matter said. India has seen a boom in all forms of media in ...
December 19, 2011


Deals of the Day: Game Over for AT&T-TMobile? - Wall Street Journal (blog)
Talks on asset sales intended to help AT&T Inc. win approval for its acquisition of T-Mobile USA have gone cold, according to people familiar with the matter, the strongest sign yet that AT&T may abandon the $39 billion deal. ...
December 19, 2011


Private Equity Firms Reworking Yahoo Proposal for Smaller Stake - Wall Street Journal (blog)
... reworking their offers to take a smaller minority stake in Yahoo Inc. than initially proposed but at a higher per-share offer price, as the Internet company continues to review options for its future, according to people familiar with the matter. ...
December 17, 2011


Agencies Roll Out Shutdown Plans Even as Threat Fades - Wall Street Journal (blog)
All in all, if a shutdown lasted into early next week, the government would furlough about 600000 workers, an administration official said. That's slightly less than the 800000 who were expected to be furloughed when the government went through a ...
December 15, 2011


Job-Approval Numbers Fall for Embattled City Comptroller - Wall Street Journal (blog)
The comptroller has been cagey about his intentions for the 2013 race, but a person close to him said this week that he is still planning a mayoral run. According to the poll, 38% of city voters approve of the way Liu is handling his job as the city's ...
December 15, 2011


TPG Investment Values SurveyMonkey at $1 Billion - Wall Street Journal (blog)
TPG's stake would value the company at close to $1 billion, according to a person familiar with the matter. MarketTools operates the SurveyMonkey competitor Zoomerang. It also ran a business that groups surveys into panels, an operation SurveyMonkey ...
December 14, 2011


Griffin's Gives Trade Buyers A Sweet Treat - Wall Street Journal (blog)
China's Bright Food, which has held talks with Pacific Equity Partners to buy the business, is among trade buyers who have toured the asset a person familiar with the matter told Deal Journal Australia. Bright — which paid 530 million Australian ...
December 14, 2011


Sen. Grassley: Hedge Funds May Have Gotten 'Special Treatment' From Medicare ... - Wall Street Journal (blog)
That meeting was with representatives from the Marwood Group, a healthcare-focused strategic advisory and financial services firm, according to people familiar with the matter. The president of the firm is Edward M. Kennedy Jr., the son of late US Sen. ...
December 13, 2011


Penney Not Psyched to Share Martha - Wall Street Journal (blog)
The Penney collaboration with Martha Stewart will be available in stores in February 2013, around the same time Martha Stewart Living's contract with Macy's expires, though it can be renewed, according to a person familiar with the matter. ...
December 13, 2011


DoJ, AT&T Make Joint Request to Postpone Antitrust Case - Wall Street Journal (blog)
After Monday's joint filing, a trial in the case is “off indefinitely,” according to a person familiar with the matter. Neither the Justice Department nor AT&T immediately responded to a request for comment.
December 12, 2011


Hedge Fund Elliott Associates Takes Vietnam to Court - Wall Street Journal (blog)
After defaulting on the loan in December 2010, Vinashin offered repayment of 35 cents on the dollar to bondholders, according to a person familiar with the matter. Elliott is suing for nothing less than par value of its investment. ...
December 12, 2011


Vodafone Backs India IPO Plan - Wall Street Journal (blog)
Marten Pieters made the announcement to his staff last week, said a person familiar with the matter. Vodafone floated the idea of a listing for its India unit in July but it didn't offer any timeframe for when that might happen. ...
December 12, 2011


More Trouble for BP Over Gulf Oil Disaster - Wall Street Journal (blog)
One senior analyst, who asked not to be named, said the US government would rather see the parties settle out of court, as BP has already done with Mitsui, Anadarko and Weatherford. “The administration wants the parties to settle, and probably sees ...
December 9, 2011


Google Adds Its Own Digital Reader To The Mix - Wall Street Journal (blog)
Google told some content publishers they could sell about 70% of the ad space that was allotted to appear next to their content, according to a person familiar with the matter. Google also guaranteed it would pay out a minimum amount of revenue for ...
December 8, 2011


Crisis Live Blog: Pressure on Europe - Wall Street Journal (blog)
... up hope of persuading all 27 nations in the European Union to rally behind a French-German proposal for limited treaty changes to safeguard the euro currency and help stem the euro zone debt crisis, a senior government official said Wednesday. ...
December 7, 2011


Yahoo Seeks More Info, Better Terms, From Bidders - Wall Street Journal (blog)
Yahoo has requested more information and better terms from potential buyers of a minority stake in the company as the board weighs various proposals at hand, according to people familiar with the matter ...
December 6, 2011


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