DeakB%K P.M. Edition: Pension Investor to Vote Against Murdochs on News Corp. Board




TOP STORY
Pension Investor to Vote Against Murdochs on News Corp. Board
Pension Investor to Vote Against Murdochs on News Corp. Board Hermes EOS, which represents British Telecom and other large pension funds, said Friday it planned to vote against the re-election of Rupert Murdoch and his sons to News Corporation's board at next week's shareholder meeting.
DEALBOOK HIGHLIGHTS
In Debt: The Curious C.D.O. Bankruptcy Three hedge funds filed an involuntary petition to put the debtor, which happens to be incorporated in the Cayman Islands, into bankruptcy.
Deal Professor: The Fizzled-Out Bidding War for Southern Union Southern Union's shareholders are richer for all the hullabaloo, but the Deal Professor asks whether a better-run process might have produced even more value.
Virgin Atlantic and British Airways Compete Over BMI Virgin Atlantic confirmed that it was in deal talks for the troubled airline BMI, following a report that British Airways' owner was also in preliminary discussions.
A Call for a Write-Down on Irish Debt "There are losses out there," says Peter Mathews. "Let's face up to them and get them financed by countries that can afford it, like Germany."
Unilever Buys Russian Cosmetics Brand As its home market slows, the Anglo-Dutch firm is looking to emerging countries, agreeing to buy an 82 percent stake in Russian cosmetics brand Concern Kalina for $537 million.
White Collar Watch: The Road Ahead for Raj Rajaratnam With Judge Richard J. Holwell sentencing Raj Rajaratnam to 11 years in a federal prison for insider trading, he will try to remain out of prison as long as possible while lawyers prepare an appeal.
BUZZ TRACKER
A Milanese Run on the Bank A group of students stormed into Goldman Sachs's offices in Milan on Friday, as protests against the financial industry spread around the world, according to Reuters. The protesters were dispelled, but not before spray-painting "Give us money" on the building's walls.
Wall Street Protest Finds a Seoul Sister "Occupy Yoido" may have an unfamiliar ring, but Yoido is the neighborhood in Seoul where South Korea's biggest financial institutions are based. A rally by labor unions and civic groups inspired by the Occupy Wall Street protests is planned for this weekend in Yoido, The Financial Times' beyondbrics blog reports.
LOOKING AHEAD
Economic Reports On Monday, the Federal Reserve releases industrial production for September.
Corporate Earnings Companies reporting results on Monday include Citigroup, Gannett, Halliburton, Hasbro, I.B.M., Wells Fargo and Royal Philips Electronics.

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