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BusinessWeek
Alibaba Said to Agree $8 Billion Loan Deal With Nine Banks (1) - Businessweek
Alibaba Group Holding Ltd., China's biggest e-commerce company, agreed to borrow $8 billion from nine banks partly to refinance debt at a lower cost, a person familiar with the matter said. Australia & New Zealand Banking Group Ltd. (ANZ), Citigroup ...
BMW Sticks to 2013 Target After Quarterly Profit Beats - Businessweek
Audi (VOW3) plans to double its lineup of sport-utility vehicles to six by 2020, a person familiar with the matter said in February. BMW is targeting a third consecutive year of record deliveries in 2013 as the manufacturer introduces variants of the ...
Emerging Stocks Fall on Chinese Manufacturing, Korean Exports - Businessweek
Lenovo Chief Financial Officer Wong Wai Ming, who was in the U.S. this past week for the talks, left for Hong Kong without an agreement, said the person, who declined to be identified because negotiations are private. The talks could resume later, the ...
Allstate Profit Slips 7.4% to $709 Million on Catastrophe Costs - Businessweek
The insurer has also been seeking potential buyers for its Lincoln Benefit Life Co. subsidiary, according to three people familiar with the matter. Goldman Sachs Group Inc. was engaged to solicit offers, said the people, who declined to be identified ...
Ayer Capital Health-Care Hedge Fund Said to Be Shuttering - Businessweek
Ayer Capital Management LP, the San Francisco-based health-care hedge-fund firm, is closing and returning capital to investors, according to a person familiar with the matter. The firm, which had $200 million in assets at the end of 2012 and $300 ...
Billionaire Redstone Challenges IRS on Tax for 1972 Gift - Businessweek
Under the current terms, the trust will be managed by a board including Viacom CEO Philippe Dauman and Shari Redstone, according to people familiar with the matter, Bloomberg reported April 21. The case is Redstone v. Commissioner, T.C., No.
Ex-Rubicon CIOs Start Canosa Fund With as Much as $300 Million - Businessweek
Canosa Capital LLP began trading today with backing from Brummer & Partners, Sweden's largest hedge-fund manager, said the people, who declined to be identified because the talks are private. Raza Khan, Canosa's chief operating officer, confirmed the ...
Obama Said to Choose House's Watt for Fannie Mae Regulator (2) - Businessweek
Watt, a North Carolina Democrat, is the president's choice to replace Edward J. DeMarco, who has been acting director since 2009, according to an Obama administration official who asked not to be identified because the nomination has yet to be announced.
Deutsche Bank's Head of Rates Sales Sana Is Said to Be Leaving - Businessweek
Sana will depart his London-based role at Germany's biggest bank later this year, said two of the people, who asked not to be identified because they aren't authorized to speak on the matter. Prior to joining Deutsche Bank, Sana worked for Morgan ...
Apple's Ive Seen Risking IOS 7 Delay on Software Overhaul: Tech - Businessweek
... iPad applications, shunning realistic images, such as wood bookshelves for the Newsstand feature, and he's exploring more dramatic changes to the e-mail and calendar tools, said the people, who asked not to be identified because the plans are private.
KKR Said to Discuss Hiring Former CIA Director Petraeus - Businessweek
It hasn't been decided yet what role he would have at KKR, said the person, who requested anonymity because the discussions are private. Petraeus and Kravis are friends and talk often, according to the person. Petraeus, 60, resigned from the CIA on Nov.
Obama to Name Former Wireless Lobbyist Tom Wheeler FCC Chairman - Businessweek
Wheeler, managing director at Core Capital Partners LP in Washington, would succeed Chairman Julius Genachowski, a Democrat who has pushed to expand access to high-speed Internet service, said a White House official who asked not to be named ...
IBM Assures Investors About Profit Goals After Earnings Slip - Businessweek
Rod Adkins, the head of the unit, will become senior vice president of corporate strategy, a person familiar with the matter said last week. Tom Rosamilia, who has been overseeing corporate strategy, will take charge of the hardware business, reporting ...
Paulson Leads Hedge-Fund Push to Privatize Fannie - Businessweek
Paulson & Co. is among funds that met with members of the Senate Banking Committee and with staff members in the House of Representatives, said two of the people briefed on the matter. Claren Road Asset Management LLC and Perry Capital LLC also ...
Twitter Warns Media to Expect More Hacking After AP Breach (1) - Businessweek
To bolster security, Twitter plans to introduce a mechanism called two-step authentication, a person familiar with the matter said last week. In addition to a password, the security measure usually requires a code to be sent as a text message to a user ...
Slovenian Credit Cut to Junk by Moody's as Bond Sale Delayed - Businessweek
Slovenia was offering five-year and 10-year dollar bonds today, according to a person familiar with the matter who asked not to be identified before the transaction is completed. The five-year notes were being initially offered in the region of 5 ...
Obama Pledges Boston Bombing Review for Missed Warning Signs (1) - Businessweek
The FBI searched U.S. terrorism and crime databases, conducted interviews and found nothing incriminating, and the Russians didn't respond to requests for more information, according to U.S. officials who asked not to be identified discussing ...
BlackRock Asks Slovenia Bad-Bank Details Before Debt Sale - Businessweek
Slovenia was offering five-year and 10-year dollar bonds today, said a person familiar with the matter earlier today who asked not to be identified before the transaction is completed. The five-year notes were being initially offered in the 5 percent ...
Obama Pursues Debt Talks With Republicans for Budget Deal (2) - Businessweek
Republicans are also looking for a way to attach a demand for a tax overhaul to a bill, according to a Republican aide familiar with the talks who asked not to be named because the options haven't been made public. While Obama has said he won't agree ...
Billionaire Roccas Slip Argentine Taxes With Cash to Holland - Businessweek
In fact, it is controlled by members of the Rocca family, according to a person with knowledge of the foundation who asked not to be named because the matter is private. RP STAK's articles of association, published on the SEC's website in 2011 ...
Vivendi Deal-Making Skills Tested as Fourtou Meets Investors (3) - Businessweek
While Vivendi wants as much as 5 billion euros ($6.6 billion) from the 53 percent holding in Maroc Telecom, according to one person briefed on the matter, a more realistic target would be in the range of 4 billion euros to 4.5 billion euros, two other ...
India Group Said Top Bid for $6 Billion Mozambique Gas Stake (1) - Businessweek
A deal may value the 20 percent holding in the Rovuma-1 offshore block at $5 billion to $6 billion, said one of the people, who asked not to be identified because the matter is private. ONGC and Oil India, both controlled by India's government, are ...
S&P 500 Climbs to Record on Home Sales, Stimulus Optimism - Businessweek
The generic-drug makers had sought to announce a merger as soon as today before Actavis balked at the premium offered by Valeant, said a person familiar with the matter, who asked not to be identified because the discussions aren't public. The ...
Goldman Seen Joined by Deutsche Bank on Apple Offering - Businessweek
Apple asked the two banks, based in New York and Frankfurt, to arrange phone interviews with fixed-income investors today in advance of a potential deal, according to a person familiar with the offering who asked not to be identified because the terms ...
Total Offers Forties Crude; Angola Cuts Exports to 9-Month Low - Businessweek
Bharat Petroleum Corp. bought 3 million barrels of crude for loading in June via a tender, said four traders who asked not to be identified because the information is confidential. Indian second-largest state refiner purchased about 1 million barrels ...