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Bloomberg News

Bloomberg News

March 28, 2013 | Daily Business Review

Fiat said to seek $2.5 billion loan before Chrysler purchase

Fiat is approaching banks to refinance a $2.5 billion credit line as the Italian carmaker weighs options to buy the Chrysler Group stake it doesn't own.

By Bloomberg News

3 minute read

July 02, 2012 | Daily Business Review

Coty seeks $700 Million in IPO after dropping Avon bid

Coty Inc. is seeking as much as $700 million in an initial public offering after the maker of perfumes by Beyonce Knowles and Heidi Klum pulled a takeover offer for Avon Products Inc.

By Bloomberg News

3 minute read

February 22, 2013 | Daily Business Review

Goldman has no 'direct access' to information on Heinz account

Goldman Sachs Group Inc. says it doesn't have "direct access" to information about the beneficial owner behind transactions in an account in which the SEC said suspicious trading of H.J. Heinz Co. occurred.

By Bloomberg News

2 minute read

May 01, 2012 | Daily Business Review

Energy Transfer to buy Sunoco to add oil, gas logistics

When Dallas-based Energy Transfer Partners buys Sunoco Inc., for $5.3 billion, Sunoco holders will receive about $50.13 a share, consisting of $25 in cash and 0.5245 common units of Energy Transfer.

By Bloomberg News

3 minute read

January 30, 2013 | Daily Business Review

Beatles' former London HQ planned as Abercrombie store

The Beatles' former London headquarters, where the band performed for the last time on the rooftop, may become an Abercrombie & Fitch Co. store after planning authorities recommended the proposal, following objections from retailers in the area.

By Bloomberg News

2 minute read

May 30, 2013 | Daily Business Review

Mortgage Rates in the U.S. Climb to the Highest Levels in a Year

U.S. mortgage rates rose to their highest levels in a year as reports showed the housing market and economy strengthening, signaling to bond investors that the Federal Reserve may reduce efforts to push down borrowing costs.

By Bloomberg News

2 minute read

April 12, 2013 | Daily Business Review

Regulators lack power to unwind too-big-to-fail banks, FSB says

Global regulators said they still lack the power to impose losses on creditors and wind down too- big-fail-lenders without resorting to public bail-outs almost five years after the 2008 financial crisis.

By Bloomberg News

2 minute read

December 22, 2011 | Daily Business Review

NYC pension funds want tougher Wall Street clawbacks

New York City Comptroller John C. Liu, who oversees $108 billion in pension funds, said Goldman Sachs, JPMorgan Chase and Morgan Stanley should target senior executives' pay to prevent improper or risky practices.

By Bloomberg News

2 minute read

June 14, 2012 | Daily Business Review

LaSalle seeking $700 million for Asia Opportunity Fund

LaSalle Investment Management, owned by the world's second-largest property broker, is seeking to raise as much as $700 million for an Asia-Pacific property fund, according to two people familiar with the matter.

By Bloomberg News

2 minute read

October 31, 2011 | Daily Business Review

Genting expects $800 million a year from N.Y. casino project

The Malaysia-based company, which opened its first U.S. casino Friday at New York's Aqueduct racetrack, plans to build the Resorts World Miami project in the Omni district.

By Bloomberg News

1 minute read