Market Chatter-Corporate finance press digest

Thu Jan 24, 2013 11:19pm EST
 
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Jan 25 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Top executives at Barclays were aware the bank was manipulating its submissions to Libor rate-setting panel in November 2011, almost a year earlier than previously disclosed, the Financial Times reported. ()

* Alibaba Group, which runs China's largest e-commerce platforms, and its partners will spend 100 billion yuan ($16 billion)in the first phase of investment to build a logistics network, a local newspaper reported.

* Morgan Stanley Chief Executive Officer James Gorman received lower compensation for 2012 after a difficult year for the bank in which profits declined, a person familiar with the matter told Reuters.

* Barclays Plc is firing at least 70 people from its Asian investment banking division, sources familiar with the matter said.   Continued...