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Kamis, 30 Juni 2011

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Leonard Green and CVC Capital to take over BJ's Wholesale Club
Los Angeles Times
The roughly $2.8-billion deal could help BJ's, a predominantly East Coast warehouse chain, establish a bigger presence nationally. By Andrea Chang, Los Angeles Times Continuing a streak of retail acquisitions, Los Angeles buyout firm Leonard Green ...
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Lloyds to Cut 15000 Jobs as It Unveils UK-Focused Strategy
BusinessWeek
By Gavin Finch June 30 (Bloomberg) -- Lloyds Banking Group Plc, Britain's biggest mortgage lender, will cut 15000 jobs and reduce costs by an additional 1.5 billion pounds ($2.4 billion) as it withdraws from overseas units and increases it UK focus. ...
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Q+A-Lynas to get Malaysian licence if recommendations met
Reuters
By Niluksi Koswanage and Razak Ahmad KUALA LUMPUR, June 30 (Reuters) - Malaysia has ordered Australian miner Lynas to comply with an independent panel's recommendations in order to receive a pre-operating licence for a rare earths facility. ...
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Couples' retirement plans differ
MarketWatch
By MarketWatch Do you and your spouse have the same plans for retirement? You may think you do, but a new survey suggests you might want to talk about it. Andrea Coombes writes today in her Ways and Means column about a recent survey by Fidelity ...
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Europe, Not Fed, Is Driving Treasurys: Analysts
CNBC.com
The troubled periphery of the euro zone and the global economy will affect yields of US bonds more than the official end of the latest round of money-printing by the Federal Reserve, analysts told CNBC. June 30 marks the last day of the Fed's policy of ...
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Amazon Opposes California Measure
Wall Street Journal
By STU WOO Amazon.com Inc. may soon have to collect sales taxes in California after Gov. Jerry Brown signed an online tax-collection bill. California's legislation, which was signed by Mr. Brown on Wednesday, is the latest attempt by a state to force ...
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European June Consumer Prices Increased Less Than Estimated
Bloomberg
By Simone Meier - Thu Jun 30 09:07:30 GMT 2011 European consumer prices rose less than economists estimated in June as European Central Bank policy makers prepare to raise borrowing costs further to fight price pressures. The inflation rate in the ...
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Online gambling site Full Tilt Poker stops operating
Los Angeles Times
Regulators in the British Channel Islands suspend the licenses of Full Tilt and its affiliated companies after an investigation finds evidence the site was violating local laws. By Shan Li, Los Angeles Times Full Tilt Poker, one of the most popular ...
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Calif. cap and trade plan cleared by court
San Francisco Chronicle
SAN FRANCISCO -- An appellate court is allowing California to go ahead with a market-oriented cap-and-trade system of pollution credits to combat global warming while state officials appeal a judge's order to look harder at alternatives that some ...
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Larry Summers Joins Andreessen Horowitz
New York Times
By EVELYN M. RUSLI Late Wednesday, Andreessen Horowitz, the venture capital firm led by the entrepreneur Marc Andreessen, announced that Mr. Summers was joining the team as a part-time special adviser. The announcement comes just one week after Square ...
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Kenya's Economic Program Is "Off to a Good Start," IMF Says After Review
Bloomberg
By Victoria Batchelor - Wed Jun 29 22:34:10 GMT 2011 The International Monetary Fund said Kenya's economic reform program is "off to a good start," and noted that inflation pressures have emerged. "Strong growth continues in 2011, with the exception of ...
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JPMorgan Scores Victory for Repeat Offenders: Jonathan Weil
Bloomberg
By Jonathan Weil Thu Jun 30 04:01:00 GMT 2011 Comments Jonathan Weil joined Bloomberg News as a columnist in 2007, and his columns on finance and accounting won Best in the Business awards from the Society of American Business Editors and Writers in ...
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LivingSocial Is Said to Discuss $1 Billion Initial Share Sale With Bankers
Bloomberg
By Douglas MacMillan - Thu Jun 30 04:01:00 GMT 2011 LivingSocial, the second-largest website devoted to daily coupons, is selecting investment banks for an initial public offering that may value the company at $10 billion to $15 billion, according to a ...
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Oracle buys data storage firm Pillar
AFP
NEW YORK — US business software giant Oracle has reached a deal to buy Pillar Data Systems, a data storage start-up majority owned by Oracle founder and principal owner Larry Ellison. Under the deal announced Wednesday, Oracle will not pay for the ...
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AFP
LaHood signals flexibility on 56.2 mpg rule, 16 governors oppose
USA Today
By Fred Meier, USA TODAY The public maneuvering over the Obama administration's potential 56.2 fuel mileage mandate for 2025 has begun in earnest. Transportation Secretary Ray LaHood took a more flexible stance today on the proposal. ...
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USA Today
Goldman Could Trim 230 New York Jobs
TheStreet.com
By Joseph Woelfel 06/30/11 - 05:13 AM EDT NEW YORK (TheStreet) -- Goldman Sachs (GS) may lay off 230 workers in New York for economic reasons, the investment bank said in a state filing Wednesday. Goldman, in its filing with the New York State ...
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Mazda Sees Growth With Lean Gas Engines, Not EVs
NPR
by AP AP Mazda Motor Corp. President and Chief Executive Takashi Yamanouchi speaks at a press conference of its new Demio, known as Mazda2 overseas, in Tokyo Thursday, June 30, 2011. Yamanouchi believes gasoline engines will still power 80 to 90 ...
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Monsanto CEO Sees Rescue in Latest Results
TheStreet.com
By Scott Eden 06/29/11 - 11:21 AM EDT NEW YORK (TheStreet) -- Monsanto(MON) shares were popping Wednesday morning after the company raised financial outlook and turned in better-than-expected quarterly financial results. The report also gave Monsanto ...
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Callaway CEO Resigns As Company Cuts Jobs, Offers Weak 2Q Revenue View
Wall Street Journal
Callaway Golf Co.'s (ELY) President and Chief Executive George Fellows resigned from his posts at the golf-equipment maker, as the company detailed a weak preliminary outlook for the current quarter and said it would eliminate jobs. ...
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KB Home Reports Wider Loss, and Shares Skid
New York Times
By REUTERS KB Home reported a wider-than-expected quarterly loss as margins and homes prices fell and write-downs of land values rose. Shares of KB, which has operations in nine states, were down 15 percent, or $1.84, to $10.08 a share. ...
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Sunoco to buy tank farm
Cherry Hill Courier Post
Sunoco Logistics Partners LP is purchasing a tank farm at the idled Eagle Point refinery in West Deptford for $156 million. The company is a subsidiary of Sunoco Inc. / DOUGLAS M. BOVITT/Courier-Post file Sunoco Logistics Partners LP, the pipeline ...
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Deutsche Bank warns on voluntary rollover
Financial Times
By Quentin Peel in Berlin and Megan Murphy in Athens Germany's top banker has warned that a voluntary deal by financial institutions to roll over Greek debt is "extremely complex" and could trigger a default, causing a "nuclear meltdown" in financial ...
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BofA, Goldman Among Banks Bracing for Job Cuts as Trading Slows
Bloomberg
By Dakin Campbell - Thu Jun 30 04:00:18 GMT 2011 Bank of America Corp. sought to trim its least-productive employees around the world with its cuts. Photographer: Andrew Harrer/Bloomberg Bank of America, the biggest US bank, cut about 60 positions in ...
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Raymond James settles securities charges
Washington Post
By David S. Hilzenrath, Before the market in auction rate securities collapsed in 2008, the Raymond James brokerage firm improperly told clients the investments were safe and easy to convert into cash, the Securities and Exchange Commission charged ...
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Dell earmarks $1 billion for 'mid-market' opportunities
Economic Times
NEW YORK: Computer-maker Dell Inc today said it has earmarked USD 1 billion for acquisitions in mid-market opportunities, including small and medium businesses in the public sector, education and the healthcare industry. ...
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Census to close six offices, cut costs
Washington Post
By Carol Morello, The US Census Bureau will close half of its 12 regional offices in a cost-cutting measure, the agency announced Tuesday. None of approximately 7200 field workers who collect vital statistics on individual households and the economy ...
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'Skills gap' leaves firms without worker pipeline
The Associated Press
PROVIDENCE, RI (AP) — John Russo's chemical lab in North Kingstown has been growing in recent years, even despite a deflated economy, and he expects to add another 15 to 20 positions to his 49 employees over the next year. But the president of Ultra ...
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The Associated Press
US SEC to propose conduct rules for swap dealers
Reuters
By Sarah N. Lynch WASHINGTON, June 29 (Reuters) - US securities regulators are poised on Wednesday to propose rules for how swap dealers interact with their customers, in a move designed to manage risk and protect clients from abusive practices. ...
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Pending Home Sales Up 8.2% in May
Wall Street Journal
By ALAN ZIBEL AND TOM BARKLEY WASHINGTON—The number of people who signed contracts to buy previously occupied homes in the US rose last month, but was still low from a historical perspective, as the housing market remained a weak sector of the economy. ...
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Rupert Murdoch is a step closer to owning BSkyB
BBC News
Among my picks of Thursday's main media stories is a look at the latest step in the News Corp-BSkyB takeover saga. Rupert Murdoch has moved a step closer to taking over full control of BSkyB, reports BBC News. The government has said it is "minded to ...
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BBC News


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