UPDATE 1-VW sweetens bid for half of Porsche AG -Der Spiegel

* Qatar said willing to invest 7 bln in Porsche, VW options

* VW aims to cut 1 bln eur tax hit to Porsche families-Focus

* Clans to agree plan before July 23 Porsche board ...[more]

Volkswagen improves bid for Porsche - magazine
) has improved an offer to buy almost half of Porsche, a magazine reported on Saturday, a deal that would reverse an ambitious bid by the luxury carmaker for VW that unravelled in the crisis.

[more]
UPDATE 1-Asia head of Blackstone's GSO rejoining JPMorgan

By Michael Flaherty

HONG KONG, July 13 (Reuters) - The Asia-Pacific head of Blackstone Group's () credit hedge fund group is leaving to re-join JPMorgan (), according to a source fa ...[more]

Asia head of Blackstone's GSO rejoining JPMorgan
) credit hedge fund group is leaving to re-join JPMorgan (), according to a source familiar with the matter, roughly six months after the group's Asia desk shut down.

Timothy Donah ...[more]

Terra Firma in EMI restructuring talks with Citi-paper

LONDON, July 12 (Reuters) - British private equity firm Terra Firma has asked Citigroup () to inject up to 300 million pounds ($486.1 million) into its debt-laden music group EMI, ...[more]

Financial investors may buy Vattenfall grid-sources

*Selects group of financial investors for talks -sources

*Group has Goldman Sachs, Deutsche Bank, Allianz - sources

*Group bids at least 500 million euros - sources

[more]

Fortress on two sides of loan refinance talks -WSJ
) is in talks to refinance a $1.6 billion loan to Florida East Coast Industries, in which it owns both equity and debt, the Wall Street Journal reported on Monday.

Fortress has a $ ...[more]

UPDATE 3-Rattner leaves US autos force, probe intensifies

* Rattner returning to private life, not Quadrangle-source

* Pension probe of Rattner intensifies -source

* No indication pension probe reason for departure -officials

...[more]
UPDATE 1-NY probe of Rattner over pension ties heats up

NEW YORK, July 13 (Reuters) - A probe of investor Steven Rattner by the New York attorney general has "intensified" in recent weeks, a source familiar with the matter said on Monday.

[more]

NEWSMAKER-After autos, Rattner faces next challenge

* Rattner will not return to Quadrangle Group

* Pension fund probe involving Rattner intensifies -source

By Robert MacMillan and Megan Davies

NEW YORK, July 13 (Re ...[more]

NY AG probe of Rattner over pension ties heats up

Rattner is the departing head of the U.S. government's auto task force.

New York Attorney General Andrew Cuomo for over two years has been investigating the use of paid middlemen to ...[more]

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