WSJ US Business- An Insider Buyout at Kenneth ColeFashion entrepreneur Kenneth Cole offered to buy out his namesake company in a $280 million deal. But his effort could be a fraught one, testing the limits of his majority ownership against minority shareholders.
- El Paso to Sell Production Business for $7.15 BillionEl Paso Corp. said it will sell its oil-and-gas exploration-and-production unit for approximately $7.15 billion to a group led by private-equity firm Apollo Global Management.
- Monsanto Settles LawsuitsMonsanto agreed to spend up to $93 million on medical testing and the cleanup of as many as 4,500 homes in a West Virginia city where a legacy company once produced Agent Orange and other chemicals.
- SEC Charges Ex-CEO in Nigeria Bribe ProbeThe Securities and Exchange Commission filed civil charges against a former CEO and two other executives who worked for Noble, stemming from a bribery probe of the offshore-oil driller's operations in Nigeria.
- Boeing Replaces 787 ChiefBoeing tapped the leader of its thriving 777 airplane program to oversee production of its much-delayed 787 Dreamliner jet as another airline said it would seek compensation for delivery delays.
- Google to Sell Clearwire StakeGoogle, an early investor in Clearwire, said it will seek to sell its entire stake in the wholesale mobile broadband provider. Google is looking to sell its 6.5% stake for $47.1 million, a 91% discount from its initial investment in 2008.
- Blackstone Raises $10 BillionBlackstone Group has raised more than $10 billion in less than a year for its latest real-estate fund and is looking to raise an additional $2 billion by year's end.
- Statoil, Exxon Say Tanzania Offshore Gas Find Is BigExxon and Norway's Statoil said Friday a recent discovery off the coast of Tanzania has proved to hold large quantities of natural gas, further cementing the idea that East Africa could become an exporter of liquefied natural gas to Asian markets.
- Broadcom Discloses SEC Probe Into Litigation ReservesThe SEC is investigating Broadcom's accounting of litigation reserves as far back as June 2010.
- Hacking Plaintiffs Allege a CoverupVictims of voice-mail interception by News Corp.'s defunct News of the World have put forth evidence they say shows the company "sought to conceal the extent of its wrongdoing."
- Sprint Board Rejected MetroPCS DealSprint Nextel's board explored but rejected a multibillion-dollar deal to acquire smaller wireless rival MetroPCS.
- AOL Investor Seeks Board Shake-UpActivist investor Starboard Value is pushing to replace up to half of AOL's board, accusing the struggling online company of a "closed-minded" attitude toward alternative business ideas.
- Dell Buys Software MakerDell acquired backup and replication software maker AppAssure Software in its first software acquisition since forming its software group.
- GE Work Force Rose 4.9% in 2011General Electric's global work force last year expanded 4.9%, although the number of U.S. jobs fell slightly amid the sale of its stake in NBC Universal. The overall uptick marks the first job growth for GE in four years.
- Mexicana Airline Expects to Fly Again In AprilMexicana airline, once Mexico's leading carrier, said it expects to start flying again in April after spending the past 18 months grounded in bankruptcy.
- An Insider Buyout at Kenneth Cole
Home for QF101, QF102, BT202, BT301, BT302, BT401
- Lex from the Financial Times
- AIAForget about the strong underlying performance at Asia’s third-biggest life assurer – what really stands out is its growing capital strength
- Google FinanceReal-time quotes are nice, but for most they merely reflect the profits already made by the well-connected few
- Lloyds Banking GroupDespite Horta-Osório’s irrepressibly positive thinking, the grim outlook accompanying full-year results is a furlong short of a profit warning
- PaceSet-top box maker badly needs to convince investors that its products have a future as internet-based entertainment expands
- HollywoodConsidered as a business, the counter-cyclical film industry has certain attractions, beyond glitter and romance for all its volatility
- Mazda: water in the tankAs a big employer a sale would face strong opposition at home, therefore for the Japanese carmaker the alternative may be even more water in the tank
- Hewlett-Packard: time to rebuildIts transformation is likely to match Dell’s, where gross margins have ground upward as it has slowly shifted to corporate computing and services
- British American TobaccoFacing an increasingly hostile market, BAT’s strategy revolves around how to manage its slow decline – but price rises have their limit
- Iberdrola: the heat’s onWith a share price down two-thirds from its 2007 peak, it may be a while before sun shines brightly again on the Spanish electricity utility
- Deutsche Telekom: the call that mattersWith the line dead on the proposed $39bn sale of its T-Mobile USA business to the American behemoth, the German company is going it alone
- AIA
