Feb 6 Headlines
Liberty Global confirms Virgin Media bid
Daring $24 billion deal to make Dell relevant
Cable revives RBS privatisation plan
Claims may push BP's spill bill to $90 billion
UBS cuts bonuses to recoup Libor fine
Boeing seeks to run Dreamliner test flights
American to join EADS board for US market
Jim O'Neill retires from Goldman Sachs
John Malone's Liberty Global Inc struck a deal to buy
British cable group Virgin Media for $23.3
billion in a cash and stock deal, a move that would put the U.S.
billionaire up against old rival Rupert Murdoch.
Michael Dell struck a deal to take Dell Inc private for
$24.4 billion in the biggest leveraged buyout since the
financial crisis, partnering with the Silver Lake private equity
firm and Microsoft Corp to try to turn around the
struggling computer company without Wall Street scrutiny.
Business secretary Vince Cable is expected to revive a radical
plan to return state-owned Royal Bank of Scotland to
private sector hands by distributing free shares to the public.
BP Plc is facing demands of more than $34 billion in
damages from states and local government in the United States
over its 2010 Deepwater Horizon disaster. The claims could
significantly increase its potential bill for the Gulf of Mexico
Swiss bank UBS said it was cutting bonus payments to
its staff in a move to appease regulators and investors and
recoup a large part of its $1.5 billion Libor fine.
Boeing said it sought permission from U.S. aviation
authorities to start test flights of its 787 Dreamliner jet as
part of its effort to identify the cause of battery failures
that forced the plane to be grounded.
European aerospace and defence company EADS plans to
bring an American on its board for the first time as the company
plans to boost its credentials in the lucrative US market. The
Airbus parent has nominated Ralph Crosby, a former executive at
Northrop Grumman, to join its board.
Jim O'Neill, chairman of Goldman Sachs' asset-management
division and the man who coined the acronym 'BRIC', will retire
from the bank later this year.