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Friday, November 5, 2010

11/5 BusinessWeek.com -- Management

     
    BusinessWeek.com -- Management    
   
Janus Overseas Turns to U.S. With Emerging Markets ‘Secret’ Out
November 5, 2010 at 1:16 PM
 
Brent Lynn has beaten 96 percent of rivals since taking over the Janus Overseas Fund in 2003, in part by investing in stocks from emerging markets such as India and Brazil.
   
   
BofA’s Moynihan Sees No Need to Sell Shares to Raise Capital
November 5, 2010 at 10:49 AM
 
Bank of America Corp. won't need to sell common shares to boost capital as it works through demands from mortgage investors to repurchase loans that may have been poorly underwritten, Chief Executive Officer Brian T. Moynihan said.
   
   
BofA’s Moynihan ‘Surprised’ by New York Fed Loan Putback Demand
November 5, 2010 at 4:42 AM
 
Bank of America Corp. Chief Executive Officer Brian T. Moynihan said he was surprised when the Federal Reserve Bank of New York and investors sent a letter pushing the firm to repurchase soured mortgages pooled into securities.
   
   
Sun Life May Sell Other Businesses After Unit Sale to Berkshire
November 5, 2010 at 3:18 AM
 
Sun Life Financial Inc., which agreed last week to sell a reinsurance business to Warren Buffett's Berkshire Hathaway Inc., may sell other operations, Chief Executive Officer Donald Stewart said.
   
   
Wilbur Ross Gives $10 Million to Yale Business School
November 5, 2010 at 1:06 AM
 
The billionaire Wilbur Ross will donate $10 million for a library in Yale School of Management's new building.
   
   
Chi-X Europe Said to Send Potential Buyers Information Pack
November 4, 2010 at 11:53 PM
 
Chi-X Europe Ltd., which received a takeover approach in August, has sent out a memorandum with information to potential suitors, according to people familiar with the situation.
   
   
HSBC Italy Chief Perrelli Sees ‘Window’ for Europe IPOs in Asia
November 4, 2010 at 11:32 PM
 
European companies are considering initial public offerings in Asia where demand is higher, said Marzio Perrelli, who oversees HSBC Holdings Plc's business in Italy.
   
   
Berlusconi Partying With Minor Raises Bond Risk: Euro Credit
November 4, 2010 at 11:05 PM
 
Italian Prime Minister Silvio Berlusconi faces calls for his resignation amid a sex-related scandal, driving up bond yields a month after he quelled a revolt that threatened to bring down his government.
   
   
Elpida to Cut Chip Output, Citing ‘Abrupt’ Price Drop
November 4, 2010 at 6:17 PM
 
Elpida Memory Inc., the Japanese chipmaker bailed out by the government last year, will slash semiconductor production by about 25 percent, citing an "abrupt" drop in prices.
   
   
JSW Energy Said to Plan Bid for Canada’s CIC Energy
November 4, 2010 at 1:41 PM
 
JSW Energy Ltd., the Indian power producer controlled by the billionaire Jindal family, plans to bid for CIC Energy Corp. to add coal assets in Africa, according to two people with direct knowledge of the matter.
   
   
Biocon May Spin Off Syngene Unit by May 2012, Mazumdar-Shaw Says
November 4, 2010 at 1:18 PM
 
Biocon Ltd., India's biggest biotechnology company, may spin off its Syngene contract research unit as early as May 2012, Chairman Kiran Mazumdar-Shaw said.
   
   
Elpida Shares Fall in Tokyo After Report of Chip Production Cut
November 4, 2010 at 9:34 AM
 
Elpida Memory Inc. fell in Tokyo trading after a report that the Japanese chipmaker plans to cut production for the first time in two years and put off plans to build a plant.
   
   
JPMorgan’s Black to Leave Early After Losing Operational Duties
November 4, 2010 at 6:20 AM
 
JPMorgan Chase & Co. Vice Chairman Steven Black will leave the firm in early 2011, about a year into a three-year commitment announced in January.
   
   
Jefferies Sells Bonds to Expand as Wall Street Slumps
November 4, 2010 at 5:36 AM
 
Jefferies Group Inc., the New York investment bank that raised half a billion dollars in a bond sale, will plow ahead with expansion as earnings across Wall Street slide.
   
   
Jefferies Sells Bonds to Keep Expanding Amid Wall Street Slump
November 4, 2010 at 2:45 AM
 
Jefferies Group Inc., the New York investment bank that raised half a billion dollars in a bond sale, will plow ahead with expansion as earnings across Wall Street slide.
   
   
Viktor Chernomyrdin, Ex-Russian Premier, Dies at 72
November 3, 2010 at 11:49 PM
 
Viktor Chernomyrdin, the longest- serving prime minister in post-Soviet Russia and the first head of state natural-gas export monopoly OAO Gazprom, died in Moscow. He was 72.
   
   
Hartford Gains on Biggest Profit Since 2007, Forecast
November 3, 2010 at 10:43 PM
 
Hartford Financial Services Group Inc. posted the largest advance in the Standard & Poor's 500 Index after reporting its biggest profit since 2007 on investment gains and boosting its 2010 earnings forecast.
   
   
JSW Energy Said to Plan Bid for Canada’s CIC Energy This Month
November 3, 2010 at 9:31 PM
 
JSW Energy Ltd., the Indian power producer controlled by the billionaire Jindal family, plans to bid for CIC Energy Corp. to add coal assets in Africa, according to two people with direct knowledge of the plan.
   
   
Saft Predicts 2011 Rise in Industrial Battery Sales
November 3, 2010 at 8:48 PM
 
Saft Groupe SA, the French maker of batteries used in submarines, rockets and satellites, said revenue from industrial companies such as automakers and utilities will probably rise next year.
   
   
Accor Replaces CEO Pelisson With McDonald’s Hennequin
November 3, 2010 at 7:39 PM
 
Accor SA, Europe's largest hotelier, said Chief Executive Officer Gilles Pelisson will be replaced by Denis Hennequin as a result of differences with the board.
   
   
Accor Names Hennequin CEO to Replace Pelisson From January
November 3, 2010 at 4:48 PM
 
Accor SA, Europe's largest hotelier, said Denis Hennequin will replace Gilles Pelisson as chief executive officer after the current CEO had differences with the board.
   
   
HSBC-Backed Gym Operator Talwalkars Expects Sales to Double
November 3, 2010 at 2:33 PM
 
Talwalkars Better Value Fitness Ltd., backed by HSBC Holdings Plc, expects annual sales to almost double as economic growth in the world's second-most populous nation lifts spending on health and wellbeing.
   
     
 
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