Wedbush Securities believes Netflix Inc.'s (NASDAQ: NFLX) $400-million concurrent common stock and convertible notes financing were motivated by the company's deteriorating business performance, which in turn triggered liquidity concerns.
The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter.
U.S. private equity giant Blackstone Group expects to invest roughly $500 million to $720 million a year in India over the next few years.
Stock index futures pointed to a mixed open on Wall Street on Tuesday following the previous session's sharp losses, with futures for the S&P 500 up 0.49 percent, Dow Jones futures up 0.21 percent and Nasdaq 100 futures down 0.17 percent at 0831 GMT.
Taiwan's Acer Inc, the world's No.4 PC vendor by sales, expects its recent integration with Founder Technology and increased brand acceptance to help grow its China sales by between 20-25 percent next year, said the firm's head of China operations.
David Kugel, who started working at Bernie Madoff's firm from the 1970s until its 2008 demise, pled guilty to six-counts of bank and securities fraud.
Netflix Inc said it agreed to sell $200 million worth of convertible debt to private equity firm Technology Crossover Ventures .
State-controlled Allied Irish Banks (AIB) has sold its Dublin-based asset management arm to South African investment management firm Prescient Holdings for an undisclosed sum, AIB said on Monday.
UniCredit's Libyan shareholders are interested in taking part in the 7.5 billion euro rights issue the bank is planning to help shore up its balance sheet, Chairman Dieter Rampl said on Monday.
U.S. stocks tumbled on Monday, with the Dow turning negative for the year, as concerns about heavy debt loads both in the United States and Europe heightened worry about recession and increased volatility.
Partisan disagreement over the fate of the Bush-era tax cuts on the nation's top earners helped to undo the Congressional deficit reduction super committee, ensuring that debate about the cuts will figure heavily into the 2012 presidential contest.
Gold hurtled toward a one-month low Monday as fear that neither the U.S. nor Europe are able to tackle their sovereign debt problems drove investors to the dollar.
Teddy Forstmann, the 71-year-old beau of Top Chef host Padma Lakshmi, died of brain cancer on Sunday.
Gold prices tumbled below the psychologically significant $1,700 level Monday as fears that neither the U.S. nor Europe appear able to make progress on their sovereign debt problems drove investors to the dollar.
Hony Capital, one of China's most successful private equity funds, aims to raise up to $2.6 billion in a new fund, two sources said on Monday, in what is set to be the biggest ever dollar fundraising for a China-based firm.
A worsening economy will hurt Ontario's chances of meeting already long-term plans to balance its budget as it prepares for a fiscal update on Wednesday.
Silver mining company shares plunged Monday, in many cases falling more sharply than the broader stock market or the price of silver itself.
U.S. stocks dropped about 2 percent on Monday, putting the S&P on track for its fourth straight day of losses as concerns about heavy debt loads both domestically and abroad added uncertainty to a troubled market.
More people than ever are living with the AIDS virus but this is largely due to better access to drugs that keep HIV patients alive and well for many years, the United Nations AIDS program (UNAIDS) said on Monday.
Maruti Suzuki may not post growth in sales volume in the current fiscal year, its chairman said on Monday.
Theodore J. Forstmann, better known as Ted Forstmann, the co-founder of private equity firm Forstmann Little & Company and Chief Executive Officer (CEO) of the International Management Group (IMG) died on Sunday, of brain cancer. The 71-year-old private equity investor and philanthropist had been battling the illness for six months.
When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens.
