Centerbridge Partners offers to buy LightSquared for $3.3 billion: WSJ
(Reuters) – Private equity firm Centerbridge Partners LP has reached a tentative deal to buy bankrupt telecommunications firm LightSquared Inc for $3.3 billion, the Wall Street Journal reported on Wednesday, quoting people familiar with the matter.
BNSF CEO Rose shifts role, renewing Buffett succession talk
NEW YORK (Reuters) – Berkshire Hathaway Inc’s BNSF Railway Co has moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation he might be in line to replace Warren Buffett at Berkshire’s helm.
Amount of dirty money leaving developing world jumped 14 percent in 2011: report
WASHINGTON, Dec 11 (Thomson Reuters Foundation) – Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nat…
Hilton Worldwide raises over $2.3 billion in biggest-ever hotel IPO
(Reuters) – Hotel operator Hilton Worldwide Inc raised $2.34 billion in its IPO on Wednesday, returning to the public markets some six years after Blackstone Group LP took it private in one of the largest deals of the leveraged buyout boom.
Israel’s Fischer picked to be next Fed vice chair: source
(Reuters) – Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve’s next vice chair once Janet Yellen takes over as chief of the U.S. central bank, a source familiar with the…
BNSF CEO Rose changes roles, renews Buffett succession talk
NEW YORK (Reuters) – Berkshire Hathaway Inc’s BNSF Railway Co moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation that he may be in line to replace Warren Buffett at Berkshire’s helm.
Union machinists held talks with Boeing on 777X
(Reuters) – Leaders from Boeing Co and its Seattle-area machinists union met on Wednesday about restarting talks that could lead to building Boeing’s new 777X jetliner in Washington state, where the current 777 is built.
Exclusive: As Fed looms, Morgan Stanley sets sale of U.S. oil terminal business
NEW YORK (Reuters) – Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense re…
Five years later, aide recalls Madoff’s arrest on witness stand
NEW YORK (Reuters) – Exactly five years ago, Frank DiPascali was awakened in his New Jersey home by an early call from his boss, Bernard Madoff.
Hilton Worldwide raises over $2.3 billion in biggest-ever hotel IPO
(Reuters) – Hilton Worldwide Inc , the world’s largest hotel operator, raised roughly $2.34 billion in its initial public offering on Wednesday after pricing shares toward the high end of the range.
