UniCredit’s capital options lie eastwards
(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)
By George Hay
LONDON, Sept 19 (Reuters Breakingviews) – Federico Ghizzoni
needs to make up for lost time. The chief executive of UniCredit
(CRDI.MI: Quote, Profile, Research) missed a good chance to recapitalise the Italian bank
in the spring, when most of its peers raised equity. Since then,
the euro zone maelstrom has spread to his home country.
Fortunately, he still has options.
Breakingviews-UniCredit’s capital options lie eastwards
(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)
By George Hay
LONDON, Sept 19 (Reuters Breakingviews) – Federico Ghizzoni
needs to make up for lost time. The chief executive of UniCredit
(CRDI.MI: Quote, Profile, Research) missed a good chance to recapitalise the Italian bank
in the spring, when most of its peers raised equity. Since then,
the euro zone maelstrom has spread to his home country.
Fortunately, he still has options.
News Corp shareholders file new allegations
By Andrew Longstreth and Tom Hals
(Reuters) – The board of News Corp knew more than 10 years ago that the company’s U.S. subsidiaries were illegally hacking competitors’ computers, according to a revised lawsuit filed by shareholders on Tuesday.
Beyond phone hacking by some of the company’s journalists in the U.K., the News Corp board was also long aware of improper conduct at two U.S. subsidiaries, News America Marketing and NDS Group, according to allegations in the lawsuit.
Dallas Stars hockey team to be sold in bankruptcy
By Tom Hals
(Reuters) – The Dallas Stars hockey team plans to file for bankruptcy this week with a proposal for a quick sale to a Canadian businessman for about $230 million, according to sources close to the talks.
The proposed sale to Tom Gaglardi, whose Vancouver-based investment firm owns Moxie’s Restaurants and Sandman Hotels, Inns & Suites, will be subject to higher bids.
Four crucial calls for the shape of UK banks
By George Hay and Peter Thal Larsen The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
Sir John Vickers is about to drop his bombshell. On Sept. 12, the chairman of Britain’s Independent Commission on Banking will unveil the results of a 14-month probe into stability and competition in the UK sector. The ICB’s mission is to solve what finance minister George Osborne has dubbed the “British dilemma”: how to maintain a large financial industry while protecting taxpayers from future bailouts.
Breakingviews-Four crucial calls for the shape of UK banks
(The authors are Reuters Breakingviews columnists. The opinions
expressed are their own)
By George Hay and Peter Thal Larsen
LONDON, Sept 9 (Reuters Breakingviews) – Sir John Vickers is
about to drop his bombshell. On Sept. 12, the chairman of
Britain’s Independent Commission on Banking will unveil the
results of a 14-month probe into stability and competition in
the UK sector. The ICB’s mission is to solve what finance
minister George Osborne has dubbed the “British dilemma”: how to
maintain a large financial industry while protecting taxpayers
from future bailouts.
French banks’ funding flames fuelled by Basel
(The authors are Reuters Breakingviews columnists. The opinions
expressed are their own)
By Margaret Doyle and George Hay
LONDON, Sept 9 (Reuters Breakingviews) – BNP Paribas
(BNPP.PA: Quote, Profile, Research) and Societe Generale (SOGN.PA: Quote, Profile, Research) may be disappointed if
they reckon that their statements this month on funding will
ease investor concerns. While shares in both French banks
enjoyed a relief rally on Sept. 8, they are still down 40 and 54
percent respectively since early July. Both groups want to show
that these sell-offs are fuelled by market hysteria, not
fundamentals. But the Basel Committee’s tough new liquidity
rules suggest the opposite.
Breakingviews-French banks’ funding flames fuelled by Basel
(The authors are Reuters Breakingviews columnists. The opinions
expressed are their own)
By Margaret Doyle and George Hay
LONDON, Sept 9 (Reuters Breakingviews) – BNP Paribas
(BNPP.PA: Quote, Profile, Research) and Societe Generale (SOGN.PA: Quote, Profile, Research) may be disappointed if
they reckon that their statements this month on funding will
ease investor concerns. While shares in both French banks
enjoyed a relief rally on Sept. 8, they are still down 40 and 54
percent respectively since early July. Both groups want to show
that these sell-offs are fuelled by market hysteria, not
fundamentals. But the Basel Committee’s tough new liquidity
rules suggest the opposite.
Legal support firm A. Gallo seeks bankruptcy sale
WILMINGTON, Delaware (Reuters) – Alexander Gallo Holdings LLC, one of the largest U.S. providers of litigation services, plans to sell its business to an investment firm after a sharp drop in sales forced it into bankruptcy.
Alexander Gallo provides about 10,000 law firms and companies with court reporting and electronic discovery services. Business has fallen sharply as law firms and companies have scaled back their use of outside legal services during the economic slowdown.
Solyndra CFO won’t say if solar maker to stay in US
, Sept 7 (Reuters) – The chief financial
officer of bankrupt start-up Solyndra, which had ramped up its
operations after getting a U.S. government loan for solar
companies, declined to say on Wednesday if potential buyers
would keep its business in the United States.
Under questioning at a bankruptcy court hearing from a U.S.
government attorney, CFO W.G. Stover declined to identify
either of the two companies that have shown an interest in
Solyndra’s operations, or even where they were based.

