Feb 14 The following corporate finance-related
stories were reported by media on Thursday:
* Rosneft is seeking to borrow up to $30 billion
from China in exchange for possibly doubling oil supplies,
making Beijing the largest consumer of Russian oil and further
diverting supplies away from Europe, industry sources familiar
with the situation told Reuters.
* Qatar's sovereign wealth fund is in advanced talks with
VTB - which is listed in Russia and London - about
injecting between $3 billion and $3.5 billion into the banking
giant, according to sources, The Telegraph reported.
* The boards of AMR Corp and US Airways Group Inc
each met on Wednesday to approve a merger that would
create the world's largest airline with an expected market value
of around $11 billion, people familiar with the matter said.
* Best Buy Co Inc founder Richard Schulze may scrap
a buyout bid and instead line up investors to take a minority
position in the electronics retailer, sources familiar with the
* Winton Capital, one of the world's most successful hedge
fund firms, has seen clients pull $1 billion of cash out of its
portfolios amid falling returns from computer-driven fund
* Citigroup Inc has begun axing 50 investment bankers
across its Europe, Middle East and Africa (EMEA) division as a
programme of cutting 11,000 jobs hits the heart of the
investment bank, sources told Reuters.
* Time Warner Inc is seeking to sell its publishing
unit Time Inc and has met with at least one serious buyer,
Fortune magazine said, citing unnamed sources.