Swan Lake, MS 11/29/2011 (StreetBeat) – Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo! , sources familiar with the matter told Reuters.THL is hoping to do a leveraged buyout of Yahoo!'s U.S. business, which could be worth $5 billion to $6 billion, and draw on its experience running other media assets such as Nielsen, Clear Channel and Univision to turn around the ailing company, the sources said.
THL's approach is different than other private-equity firms such as Silver Lake, KKR and TPG, which are expected to put in bids for a stake of up to 20% in the company, Reuters noted.
Tiffany , the jewelry retailer, is expected by analysts Tuesday to report earnings of 61 cents a share on revenue of $802.1 million.
Tiffany has twice increased 2011 guidance. It last said it expects 2011 earnings of $3.65 to $3.75 a share on a sales gain somewhere in the high teens.
Sterne Agee anticipates a 19.7% increase in fiscal year 2011 sales to $3.7 billion.
Sterne Agee, in a report, said it expects Tiffany to further update annual guidance when it reports earnings Tuesday.
Netflix's credit rating was lowered by Standard & Poor's on expectations the company will report a loss in 2012.
S&P cut its assessment of Netflix's credit to 'BB-' from 'BB' and kept its outlook at stable.
"Our expectation is that escalating content commitments will lower profitability over the intermediate term, international expansion will have a greater impact on overall profitability, and a return of domestic subscriber growth could occur slightly later than we initially expected," S&P credit analyst Andy Liu said in a statement.
A federal judge rejected a proposed $285 million settlement between Citigroup and the Securities and Exchange Commission over a $1 billion mortgage-bond deal and ordered a fresh trial.
In his order, Judge Jed Rakoff said the pact was "neither reasonable, nor fair, nor adequate, nor in the public interest."
He set a trial date for July 16, 2012.
Citigroup shares closed Monday at $25.05, up 6%.
Ralcorp , the maker of Raisin Bran cereal and other packaged foods, is expected to post fourth-quarter earnings. The report was originally scheduled for Nov. 8, but was delayed pending the completion of a goodwill impairment analysis of the company's Post cereals business.
Analysts expect Ralcorp to earn $1.39 a share in the fourth quarter on revenue of $1.22 billion.
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