PRESS DIGEST - Financial Times - Feb 13
Feb 13 (Reuters) - Headlines
Comcast $16.7 bln buyout of NBCUniversal
Jenkins sets out Barclays reinvention
Kengeter to leave UBS
Veteran dealmaker to retire from Goldman
Italian police arrest Finmeccanica chief
Apple downplays Einhorn suit as 'sideshow'
Major Dell investor joins chorus against buyout
US approves $18 bln CNOOC bid for Nexen
Comcast Corp said it would buy General Electric's remaining 49 percent equity stake in their NBCUniversal joint venture for about $16.7 billion.
Barclays' new chief executive pledged a fresh course for the British lender, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals. Carsten Kengeter, UBS's former investment bank chief executive, will leave in a management overhaul of the Swiss bank's newly formed non-core unit, according to an internal memo.
Goldman Sachs is set to lose one of its veteran dealmakers with the retirement of Henry Cornell as vice-chairman of its merchant banking division, according to an internal memo.
Italian police arrested the head of defence group Finmeccanica SpA on Tuesday on a warrant alleging that he paid bribes to win an Indian contract. Tim Cook, chief executive of Apple Inc, said the company was considering ways to return its $137 billion cash pile to investors. Cook dismissed the lawsuit filed by activist shareholder David Einhorn as a "silly sideshow".
Dell Inc's third-largest shareholder, T. Rowe Price Group, joined a growing number of investors putting pressure on Michael Dell and his partner Silver Lake to sweeten their $24.4 billion buyout offer for the PC maker.
U.S. regulators have approved the $15.1 billion takeover of Canadian oil and gas company Nexen Inc by China's state-owned CNOOC Ltd
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- India trims perks for U.S. staff in row over New York envoy arrest
- China confirms near miss with U.S. ship in South China Sea
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