- Treasury Said to Pick Lead Bank for GM IPO as Soon as Next Week The U.S. Treasury and General Motors Co. may choose a lead underwriter for the automaker’s initial public offering as soon as next week, two people familiar with the matter said yesterday.
- Dubai Capital Returning, Standard Chartered Says Capital is gradually flowing back into Dubai after one of its main holding companies reached a debt restructuring accord with lenders, according to Standard Chartered Plc, one of Dubai World’s seven biggest creditors.
- Thai AirAsia Plans IPO as Parent Mulls Dual Listing AirAsia Bhd., Southeast Asia’s biggest budget airline, is considering an initial public offering of its unit in Thailand next year amid a surge in leisure travel in the region.
- Fujitsu Aims for $1 Billion in Supercomputer Sales Fujitsu Ltd., Japan’s biggest computer-services provider, aims to boost supercomputer sales to $1 billion in five years to challenge Hewlett-Packard Co. and International Business Machines Corp.
- Newsweek Magazine, Losing Money Since 2007, Draws Possible Bids Ritchie Capital Management LLC Chief Executive Officer Thane Ritchie and private-equity firm OpenGate Capital LLC both said yesterday they are considering offers for Newsweek magazine as the first deadline for bidders approaches.
- Amazon.com Is Said to Be Introducing Thinner Kindle in August Amazon.com Inc., the world’s largest online retailer, plans to introduce the next version of its Kindle electronic-book reader in August, according to two people familiar with its plans.
- Pequot Trading Probe Could Yield $1 Million Bounty for Ex-Wife The ex-wife of a former Microsoft Corp. employee could be eligible for a $1 million bounty for helping U.S. regulators impose one of the largest-ever insider trading fines.
Bloomberg Daily News 1st June 2010
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