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S.Africa's Standard Bank to boost brokerage

The stockbroking arm of South Africa's Standard Bank is looking to boost its headcount, including equity analysts, following the end of a joint venture with Credit Suisse, senior executives said on Thursday.

KKR potentially interested in Sara Lee: sources

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Kohlberg Kravis Roberts & Co is potentially interested in Sara Lee and could possibly partner with an interested party as bidders emerge for the food group, two sources familiar with the situation said on Wednesday.

Shanghai Pharma to apply for a HK listing - report

Shanghai Pharmaceuticals Holding Co Ltd (601607.SS) aims to raise at least 8 billion yuan ($1.21 billion) in a Hong Kong listing before the end of June, and will submit a listing application in Hong Kong this month, the South China Morning Post reported on Thursday.
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Gold firms as dollar eases; Portugal auction eyed

Gold prices rose in Europe on Wednesday, as a retreat in the dollar, rising oil prices and caution ahead of a sale of Portuguese bonds later in the day all boosted interest in the precious metal.
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New guilty plea in insider trading case

A former technology analyst with Primary Global Research pleaded guilty on Tuesday to leaking confidential company information to hedge funds, part of the U.S. government's broad insider trading probe.
Goldman Sachs

Goldman to improve disclosure

Goldman Sachs Group Inc , responding to pressure from shareholders, regulators and others, said it will disclose more information about how it makes money.
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SEC sues Trivium in Galleon case

The Securities and Exchange Commission brought civil insider trading charges against the co-founder of a one-time $900 million hedge fund as part of the ongoing Galleon hedge fund probe.

US futures decline, Alcoa eyed

Futures on major U.S. stock indices point to lower opening on Monday with futures on the S&P 500 down 0.58 percent, futures on the Dow Jones Industrial Average down 0.42 percent and Nasdaq100 futures down 0.40 percent.
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Apollo, others considering Sara Lee buyout: source

A group of private equity firms including Apollo Global Management is interested in a buyout of food and beverage company Sara Lee Corp , and has made an approach to the company, a source familiar with the situation said on Sunday.
Foreclosed Home

Bank shares falling on Mass. Court ruling on foreclosures

Bank shares are weakening after the Massachusetts State Supreme Judicial Court upheld a decision that two foreclosures from U.S. Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC) were not valid because the banks did not properly show they held the mortgages at the time of the foreclosure.

Why doesn’t Apple pay a dividend?

Given how Apple shares have sailed into the stratosphere, supported by wildly successful product launches (thereby making lots of happy investors); the company is unlikely to hand out dividends for the foreseeable future.

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