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UPDATE 1-Market Chatter - Corporate finance press digest
November 15, 2012 / 7:00 AM / 5 years ago

UPDATE 1-Market Chatter - Corporate finance press digest

Nov 15 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* News Corp is closing in on a deal to buy a minority stake in New York regional sports network YES, the Wall Street Journal reported, citing three people with knowledge of the negotiations.

* Chrysler Group LLC, a unit of Fiat SpA , is in talks with Spain’s Banco Santander SA to make the bank’s U.S. unit its preferred lender, Bloomberg reported, citing people familiar with the matter.

* The chief executive of bankrupt AMR Corp, parent of American Airlines, told creditors that a merger with US Airways Group Inc would need to result in creditors receiving a large share of equity in a combined airline for a deal to proceed, the Wall Street Journal reported.

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