U.S. IPO line-up Sept. 23-25
Eight initial public offerings are scheduled to price and begin trading by the end of this week in what is likely to become the busiest week for U.S. IPOs since December 2007.
U2 Concert 360 tour at Giants Stadium (Tickets info, Features)
U2 is performing tonight at the Giants Stadium in New Jersey for its 360° Tour which critics have called one of the best stadium shows of the last decade, according to Chicago Tribune's Greg Kot.
Mistras sets terms for $130.5 mln IPO
Julius Baer's U.S. asset management arm Artio Global Investors Inc is set to price its U.S. initial public offering after Wall Street closes on Wednesday in what is likely to be a test of investors' appetite for new financial issues.
Wall Street drops on Fed stimulus withdrawal fears
Stocks fell on Wednesday as investors worried the Federal Reserve is closer to pulling back on extraordinary measures to inject funding to shore up the economy.
Toyota Motor to sell brokerage unit - Nikkei
Toyota Motor Corp will sell its brokerage unit to Tokai Tokyo Financial Holdings Inc as part of efforts to consolidate resources into automobile operations, the Nikkei business daily reported.
Russian tycoon to buy NBA team, fund property plan
Russia's richest man, Mikhail Prokhorov, reached a deal to buy control of the New Jersey Nets basketball team, as well as fund the development of a real estate project in Brooklyn, New York.
Shanda Games raises planned IPO size by 32.5 percent
Chinese online video games company Shanda Games Ltd has raised the number of shares it plans to sell in its initial public offering later this week by nearly a third, with estimated proceeds now reaching $960 million.
Cadbury sees sense in Kraft deal: conference note
Cadbury Plc Chief Executive Officer Todd Stitzer detailed potential benefits from a takeover by Kraft Foods Inc and discussed valuations with investors in comments that could set the stage for talks between the British confectioner and the world's No. 2 food company.
Deal chatter engulfs Palm, but price tag high
Ever since it launched the Pre, smartphone maker Palm Inc has been quite the belle of the ball, if deal chatter is any indication.
China backs G20 coordination
China offered some support on Wednesday to U.S. plans to build a more balanced global economy, as world leaders seek to agree ways to nurture a tentative recovery and prevent future crises.
China's Hu tells Obama to curb trade safeguards
Chinese President Hu Jintao urged U.S. President Barack Obama not to slap duties on more Chinese goods after a dispute over tires but stressed hopes for steady economic ties ahead of a Group of 20 leaders' summit.
Apple, Eminem headed for trial as talks break down
Apple Inc and Eminem have failed to settle a lawsuit over whether the rapper's songs can be downloaded on the iTunes music service, paving the way for a federal trial to begin on Thursday.
ObamaVision deemed top TV word of 2009
ObamaVision -- the term coined by the media to sum up President Barack Obama's pledge to bring hope and change to America -- was on Wednesday deemed the most influential English word from television in 2009.
Fed stimulus withdrawal fears hit Wall Street
Stocks fell on Wednesday as investors worried the Federal Reserve is closer to pulling back on extraordinary measures to inject funding to shore up the economy.
Google CEO sees one small acquisition a month
Google Inc expects to buy one small company a month as it rekindles its acquisition engine and moves beyond the worst phase of the global recession, Chief Executive Eric Schmidt said in an interview on Wednesday.
Brown says G20 needs clear objectives
G20 countries must sign up to a new agreement setting clear objectives on how they can contribute to more balanced global economic growth, Prime Minister Gordon Brown said on Wednesday.
Bank of America readies $239 mln subprime RMBS deal
Bank of America is underwriting a $239 million Lone Star subprime securitization backed by loans originated by troubled U.S. lender CIT Group, market sources said on Wednesday.
U.S. home foreclosure mediation in jeopardy: report
A slew of state and local home foreclosure mediation programs have enormous potential to help homeowners, but most suffer from lack of industry accountability, according to a study released on Wednesday.
U.S. accounting rules change approved
The Financial Accounting Standards Board approved a rule change on Wednesday that is set to benefit some technology companies by allowing them to recognize more revenue when certain products are sold.
Fed says U.S. recovery is underway
The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession, while reiterating its promise to hold interest rates very low for a long time.
Sam's Club tightens electronics return policy
Wal-Mart Stores Inc's Sam's Club chain said on Wednesday that its U.S. warehouse clubs are now offering free technical support for consumer electronics, but it is toughening up its return policy for such items.
foresees 30 pct cost drop for F-35 fighter engine
United Technologies Corp expects to pare costs as much as 30 percent over time on the engine it is building for the world's biggest fighter aircraft program, the board chairman told Reuters Wednesday.
John Travolta testifies at Bahamas extortion trial
John Travolta frantically tried to save his son by performing mouth-to-mouth resuscitation, the actor told a Bahamian court on Wednesday in the trial of two people accused of attempting to extort $25 million from him.
20 Home Design Features That Send Buyers Running
Design glitches draw attention away from a home's best features. Don't let out-of-date fixtures and unappealing decor cost you a sale. While some buyers may actually appreciate vintage features, home and design experts say these 20 features almost always serve as a turnoff.
A123 IPO puts spotlight on energy storage market
Lithium-ion battery maker A123 Systems Inc has a history of losses, is uncertain about its ability to generate positive cash flow -- and is the most talked-about company going public this week.
Evergreen Solar names new head of Asian operations
Evergreen Solar Inc has hired a new general manager for its Asia operations, Henry Ng, as the U.S. solar company prepares to expand in China, Evergreen said on Wednesday.
U.S. credit card defaults rise to record: Moody's
The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
Commercial Sales Down, Leases Up in 2008
REALTORS specializing in commercial real estate experienced a slowdown in sales transaction volume in 2008, but also reported an increase in commercial leasing volume, according to the 2009 National Association of REALTORS Commercial Member Profile.
Duke Energy signs another China cleantech deal
Duke Energy Corp has signed a clean energy technology agreement with China's ENN Group, adding to a deal it struck last month with the country's top power provider in Duke's push to cut carbon emissions.
Connecticut AG asks AT&T to abandon new layoffs
The Connecticut state attorney general called on AT&T Inc on Wednesday to abandon plans for 2,500 new layoffs and criticized the phone company for deteriorating services in the state.