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Lloyds Sees No Need to Raise Further Equity on Watchdog Call (2) - Businessweek
Royal Bank of Scotland Group Plc, the largest government-owned lender, will say in a statement later today that it too won't need to raise money from shareholders or sell contingent convertible bonds, according to a person familiar with the matter, who ...
Topix Climbs to Highest Since July 2008 After BOJ; Sony Surges - Businessweek
... the biggest boost to the Topix today, advancing 5.9 percent to 2,290 yen. The company's board will evaluate a proposal by activist shareholder Daniel Loeb to take part of its entertainment business public, according to a person familiar with the ...
Royal Caribbean Vote Pits Chairman Against Biggest Shareholder - Businessweek
A. Wilhelmsen didn't support the plan four years ago, said a person close to the company. Both Institutional Shareholder Services and Glass Lewis & Co. have recommended in favor of the activist proposal. “When the largest shareholder wants it, I think ...
The NFL Says Goodbye to the Polaroid, Hello to Microsoft's Surface Tablet - Businessweek
It's worth $400 million over five years, according to a person with direct knowledge of the partnership who was not authorized to speak on the record. As NFL technological shifts go, the change ranks up there with radio headsets in quarterbacks ...
Spain Recovery Begins With Sareb Suicide Pact's Bull: Mortgages - Businessweek
Bids are due by July 18 on the real estate, which could be worth about 200 million euros, said the people, who asked not to be named because it's private. “Success on the first sale would be a signal to other investors that there's an opportunity here ...
JPMorgan Shareholders Reject CEO-Chairman Split in Win for Dimon - Businessweek
Dimon, 57, had told some investors he might quit if the non-binding measure passed, according to a person with knowledge of the conversation, who requested anonymity because the discussion was private. The vote to back Dimon, who guided JPMorgan to ...
The Nightmare for SAC's Steven Cohen Won't End Any Time Soon - Businessweek
In the absence of testimony from Martoma—who has, thus far, refused to cooperate with the government—Cohen is far more vulnerable to charges over Dell, according to a person familiar with the matter. Those cursed Dell trades have already taken down ...
Corte Ingles Said to Hire Morgan Stanley to Restructure Debt - Businessweek
Europe's largest department store chain is renegotiating the terms of its borrowings with lenders including Banco Santander SA (SAN), said the people, who asked not to be identified before the deal is complete. As part of the process the retailer plans ...
Sprint to Give Dish Non-Public Data After SoftBank Waiver (1) - Businessweek
The company also is close to tapping the same banks for loans to help reach its goal of $9.3 billion in financing for the Sprint transaction, people familiar with the matter said May 15. Sprint didn't previously give Dish access to certain detailed ...
CFTC Said to Review 1 Million E-Mails in ISDAfix Investigation - Businessweek
... are scouring the records collected under subpoena for any evidence that the world's largest banks and ICAP Plc (IAP) brokers rigged the ISDAfix swaps rate, said a person familiar with the matter, who asked not to be named because the probe is private.
SAC Digs In as Deadline Nears for US to File Insider Cases (1) - Businessweek
The letter may indicate that either the SEC or the U.S. attorney is preparing to sue or indict Cohen, said lawyers who asked not to be named because of the sensitive nature of the case. Cohen received a subpoena to testify before a grand jury in the ...
Blackstone Is Said to Consider Shopping-Center IPO This Year (1) - Businessweek
A share sale as a real estate investment trust is possible by the end of 2013 or early next year, said two people with knowledge of the firm's plans, who asked not to be identified because the process is private. Brixmor last week named a new financial ...
Taiwan Banks Flee Worst Margins to Capture Higher Asia Share (1) - Businessweek
Uni-President China Holdings Ltd., a unit of Taiwan's largest food company, is paying 115 basis points to borrow as much as $200 million, a person familiar with the matter said in March. Margins of at least double those are spurring local banks to look ...
DirecTV Is Said to Be Considering Acquiring Part or All of Hulu - Businessweek
Discussions are at an early stage and it's uncertain if the company would want to buy all of Hulu or just a portion, said the people, who asked not to be identified because negotiations are private. Walt Disney Co., News Corp. (NWSA) and Comcast Corp.
SAC Says Cooperation With US No Longer 'Unconditional' (2) - Businessweek
The letter could indicate that either the SEC or the U.S. attorney may be preparing to sue or indict Cohen, said lawyers who asked not to be named because of the sensitive nature of the case. Before today, SAC had said it was cooperating with the ...
Spanish, Italian Bonds Rise on Successful Sales, Lower Inflation - Businessweek
Italy garnered 12.7 billion euros of bids for its 30-year bonds, a person close to the transaction said. Annual consumer-price inflation in the euro area slowed to 1.2 percent in April from 1.7 percent this previous month, the European Union Statistics ...
Frans Bonhomme Said to Seek Debt Talks After French Law Change - Businessweek
The company wrote to lenders this week explaining the revised law, which changes levies on employee shareholdings and profit-sharing, will result in a one-time 10 million-euro reduction in cash flow, said the people, who asked not to be identified ...
Pandit Takes Stake in India's JM Financial With Lead Role (2) - Businessweek
The board concluded that Pandit, 56, a native of Nagpur, India, had mismanaged the bank's operations, a person familiar with the matter said at the time. Pandit had staked Citigroup's turnaround in part on boosting profit from emerging markets ...
Time Warner Cable Said to Weigh Stake in Online Hulu Service (2) - Businessweek
Discussions are at an early stage and a transaction isn't certain, said the people, who asked not to be identified because the talks are private. Another pay-TV company is also weighing a Hulu bid, said one of the people. A deal would make New York ...
Caterpillar's Doug Oberhelman: Manufacturing's Mouthpiece - Businessweek
One production worker there, who declined to give his name for fear of retaliation, says he was invited to a rare group meeting with the CEO. Afterward, he says, he approached Oberhelman and asked him when the hourly employees would get pay increases.
Syria's Furies Test Obama on Whether to Help Arm Rebels - Businessweek
They also put a high priority on averting the lawlessness and sectarian violence that emerged in Baghdad after the U.S. invasion of Iraq in 2003, an imperative that surfaces in almost every White House discussion of Syria, an administration official said.
European Stocks Little Changed Near Highest in Almost Five Years - Businessweek
Europe's biggest drugmaker is considering making a bid for Actavis Inc., the Wall Street Journal reported, citing a person familiar with the matter. Elan Corp Plc fell 1.1 percent to 8.63 euros after the Irish drugmaker recommended that shareholders ...
Pamplona Acquires Coinmach, Air-Serv in $1.4 Billion Transaction - Businessweek
... whose investments are mostly in Europe, may look for more acquisitions in the U.S. since hiring former Cerberus Capital Management LP executive Robert Warden, an American, as a partner last year, a person familiar with the matter said last month.
China Unlikely to Stimulate New Carbon Credit Supply Efforts (1) - Businessweek
China, the world's biggest emitter of greenhouse gas, will probably avoid importing carbon credits for two decades, challenging diplomats as they craft a new emissions market that will increase supply, a government official said. Using offsets from ...
CFTC Said to Review Wall Street Banks for Off-Exchange Trades - Businessweek
The top U.S. derivatives regulator is seeking documents from Wall Street banks about trades that combine features of swaps and futures since the Dodd-Frank Act became law, according to two people briefed on the matter. The Commodity Futures Trading ...