Oct 9 The following corporate finance-related
stories were reported by media:
* Loss-making Italian airline Alitalia risks
having to file for bankruptcy if it fails to agree a deal for a
capital increase in the next couple of weeks, a government
source said on Tuesday.
* Chrysler Group LLC will expand its plant in Mexico to
build more of the "Tigershark" engines that will go into many of
its passenger cars, sources with knowledge of the issue said on
* Nestle is looking to sell its Jenny Craig diet
business and is speaking to a small group of potential buyers
about the brand, according to three sources familiar with the
* Britain is on track to sell shares in Royal Mail at the
top of its price range, two sources close to the deal said,
valuing the postal service at more than $5 billion on the final
day that investors can put in orders.
* India's Tata Steel Ltd is talking to banks about
raising $1 billion from an overseas bond sale to refinance a
part of its existing debt, two sources with direct knowledge of
the matter said on Tuesday.
* China's banking regulator plans to more than triple the
minimum registered capital requirement for new wholly-owned
foreign banks and joint-venture banks, a state-owned newspaper
reported on Wednesday.
* Swiss bank Julius Baer expects there to be "hardly any"
untaxed German funds sitting in its Swiss accounts by the end of
this year, Chief Executive Boris Collardi told Swiss paper
Finanz und Wirtschaft.
* Jos. A. Bank Clothiers Inc has approached fellow
U.S. apparel retailer Men's Wearhouse Inc about a
potential tie up, the Wall Street Journal reported citing people
familiar with the matter. It is not clear what form any such
tie-up would take, the newspaper reported. ()
* JPMorgan Chase & Co is looking to cut back on
lending to businesses it sees as posing risks to its reputation
amid a period of heightened regulatory scrutiny, the Wall Street
Journal reported, citing people close to the situation.
* U.S. drug distributor McKesson Corp is in advanced
negotiations with the majority shareholder of Celesio AG
to buy the German rival for more than 3.74 billion
euros ($5.08 billion), the Wall Street Journal reported citing
people familiar with the matter. ()