Linklaters LLP advised ThyssenKrupp AG, Germany’s largest steelmaker, on its agreement to sell its U.S. plant to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. as it seeks to offload operations that are the worst investments in its more than 200-year history.
Developers of modular reactors that don’t rely on government for more than half their licensing costs will have an edge as the U.S. picks projects to approve, the Energy Department official in charge of nuclear power said.
Congress returns from a five-week recess to take up several perennial issues: turmoil in the Middle East, rising government debt and where to dump more than 65,000 tons of waste from the nation’s nuclear power plants.
Warren Buffett’s Berkshire Hathaway Inc. and Jorge Paulo Lemann’s 3G Capital agreed to buy HJ Heinz Co. for about $23 billion as the billionaires increased their bets on consumer products. Munger, Tolles & Olson LLP represented Berkshire Hathaway. Kirkland & Ellis LLP represented 3G Capital, and Davis Polk & Wardwell LLP provided legal counsel to the ketchup maker.
Major League Baseball hired San Francisco Attorney John W. Keker to be lead counsel in the suit brought by the city of San Jose, California, accusing it of improperly keeping the Oakland Athletics from moving there to shield the nearby San Francisco Giants from competition.
Ropes & Gray LLP added four new corporate partners. Bracewell & Giuliani LLP lawyers Jonathan Gill and Robb Tretter join the firm in New York as partners in the private-equity practice, focusing on distressed investing. Mark Wesseldine, previously of Fried Frank, Harris, Shriver & Jacobson LLP will be joining the firm as a finance partner in London. Victoria Lloyd, a capital markets and mergers and acquisitions lawyer also from Fried Frank, is joining Ropes & Gray in its Hong Kong office.
Telefonica SA raised its bid a second time for Portugal Telecom SGPS SA’s stake in Brazil’s largest mobile-phone operator, offering 10 percent more hours before the Portuguese company’s shareholders vote on the deal.
Little more than a year before he was criticized for breaking ranks with regulators for being the first to accuse Standard Chartered Plc of laundering Iranian money, Benjamin Lawsky, New York’s top banking official, was insisting on his own brand of justice at a charity carnival game, Bloomberg News’ Greg Farrell reports.
Portugal Telecom SA , escalating a battle for Brazilian wireless operator Vivo Participacoes SA , is in talks with investors from the Middle East and Asia as it weighs a possible offer for Telefonica SA’s stake.
Nuclear-power plant regulators will apply lessons from Japan’s reactor crisis immediately without delaying until licenses are renewed, the head of operations at the U.S. Nuclear Regulatory Commission said.