FTSE falls 0.7 pct; commodities and banks weigh
Britain's top shares fell 0.7 percent by mid-session on Thursday, as weak banks, miners and energy stocks dragged the index lower, outweighing strength in life insurers.
Talecris prices IPO within range, ups deal size
Talecris Biotherapeutics Holdings Corp priced shares in its initial public offering for $19 each, within the expected range, but increased the size of the share issue in the largest IPO by a biopharmaceuticals firm in three years.
After Myer, more buyout firms plot exits in Australia
More private equity firms in Australia are eyeing exit strategies by floating companies in the wake of U.S. buyout group TPG'slaunch this week of Myer's $2 billion initial public offering.
BofA's six possible successors for CEO job
Bank of America Corp said on Wednesday six internal candidates are in the running to take over from Chief Executive Kenneth Lewis when he retires at the end of the year. All six are on the executive management team, four are long-time Bank of America staff and just one -- Tom Montag -- joined through the bank's acquisition of Merrill Lynch & Co.
More news
Shanda Games tumbles 14 pct after $1 bln IPO
Shares of China's top videogame company Shanda Games Ltd fell 14 percent on Friday in one of the worst trading debuts of the year, the latest indication that while the IPO market may be recovering, investors are still selective.
RIM seen facing increased market-share pressure
BlackBerry maker Research In Motion could see its share of the smartphone market eroded by competing devices like Apple's iPhone, analysts warned on Friday as RIM's stock plunged more than 16 percent in the wake of a disappointing profit and outlook report.
U.S. banks report $5.2 billion in Q2 trading revenue
U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.
Citigroup is top Q3 govt-gtd bond underwriter
Thomson Reuters on Friday released the top government-guaranteed bond underwriters for the third quarter of 2009 as of Thursday, September 24.
Research in Motion falls after outlook, downgrades
Shares of Research In Motion fell around 15 percent on Friday after the BlackBerry maker reported a lower profit and gave an outlook that fell short of analysts' expectations.
Shanda Games sets $1 bln U.S. IPO; global issues up
China's top video game operator, Shanda Games, priced its $1 billion U.S. IPO at the top of an indicative range, as firms globally make bold moves to capitalise on a spike in investor confidence.
Morgan Stanley leads as M&A shows signs of life
Morgan Stanley is outrunning archrival Goldman Sachs as 2009's busiest adviser on mergers as optimism grows that the crippling effects of the financial crisis on dealmaking may be easing.
ING sells Australia wealth JV for 1.1 billion euros
ING will sell its 51 percent stake in a wealth management joint venture to partner Australia and New Zealand Banking Group (ANZ) for 1.1 billion euros ($1.6 billion) as the Dutch group slims down through asset sales.
Daily Outlook - Sept 25
Rising Powers at Table; Way Opening for Buyouts; Loan Losses Grow
Goldman to benefit from new OTC derivatives rules: Citi
Goldman Sachs Group Inc expects to benefit from the new over-the-counter derivatives and commodity trading rules owing to its strong technology position, said a Citigroup analyst, who met with Goldman management, and raised his earnings outlook for the bank.
Baer's Artio IPO jumps almost 5 percent in debut
Shares of Julius Baer Holding AG's U.S. asset management arm Artio Global Investors Inc finished their first day of trade up 4.8 percent after the company's initial public offering raised more money than expected.
Banker pay curbs, clawbacks sought at G20 summit
World leaders at the G20 meeting on Thursday closed in on a statement urging new restraints on bankers' pay, a flashpoint for outrage in the global financial crisis.
Baer's Artio IPO jumps almost 7 percent in debut
Shares of Julius Baer Holding AG's U.S. asset management arm Artio Global Investors Inc jumped 6.7 percent in their debut following the company's initial public offering that raised more money than expected.
Goldman investment boosts China Geely's global hopes
Goldman Sachs' (GS.N) $334 million investment in Geely Automobile Holdings (0175.HK) will boost the Chinese automaker's global ambitions, including a potential bid by its parent for Ford's (F.N) Volvo brand.
Artio $585 mln IPO to build Baer war chest
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.
Pay rules may prompt Goldman to shed bank charter
Some investors believe Goldman Sachs Group Inc may try to shed its commercial banking charter to sidestep U.S. government efforts to rein in exorbitant Wall Street pay.
Stock futures signal flat to higher start, Fed eyed
Stock futures pointed to a flat to higher start for Wall Street on Wednesday ahead of the Federal Reserve's interest rate decision, with Dow Jones futures up 0.2 percent, S&P 500 futures up 0.3 percent and Nasdaq futures flat at 4:15 a.m. EDT.
Merrill Lynch appoints new head of Australian ops
Bank of America/Merrill Lynch has appointed former top Goldman Sachs JB Were executive Craig Drummond to head its Australian operations, a top official said on Tuesday.
Education Management to price $380 mln IPO Oct 1
Education Management Corp is set to price its planned $380 million IPO in early October and become the latest private equity-owned firm to go public during the current stock market rally.
United Korea economy could pass Japan: Goldman Sachs
A united Korea -- combining Asia's fourth biggest economy with one of its poorest -- could surpass that of Germany or Japan in economic might in the next 30-40 years, U.S. investment bank Goldman Sachs said on Monday.
Geely, Goldman in $250 million bond deal talks: sources
An investment arm of Goldman Sachs Group is in talks with China's biggest privately-owned car maker Geely Automotive to buy about $250 million of the company's convertible bonds, two sources said.
Geely, Goldman in $250 mln conv bond deal talks: sources
An investment arm of Goldman Sachs Group is in talks with China's biggest privately-owned car maker Geely Automotive to buy about $250 million of the company's convertible bonds, two sources said.
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