U.S. stocks fell for a third straight day on Tuesday, spooked by uncertainty over the health of financials and concerns that the explosive rally since March may have run ahead of economic reality.
U.S. stocks fell on Tuesday as uncertainty over financial companies' health prompted a sell-off, while concerns mounted about the validity of a rally that has driven stocks up nearly 50 percent from March.
Khosla Ventures said on Tuesday it had raised $1 billion for one for renewable energy and clean technology funds, a sign that skittish investors are hot for climate-change related projects.
Internet auction house EBay Inc plans to sell a majority stake in its online phone unit Skype for $1.9 billion to private investors including Silver Lake, a deal analysts said was worth more than expected but may curb eBay's growth potential.
Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default.
Billionaire hedge fund manager John Paulson's big stake in AngloGold Ashanti is a strand of his heavy exposure to gold and not designed to gain from the slim chance of a merger bid.
Investors dumped U.S. stocks on Tuesday, spooked by uncertainty over the health of financial companies and concerns that the explosive rally since March may have run ahead of economic reality.
Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default.
U.S. stocks sank on Tuesday on increasing worries that there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery.
A U.S. tax probe against Swiss bank UBS has killed traditional offshore banking and wealth managers will have to improve their offers to survive, bankers and industry experts said on Tuesday.
Pacific Alliance Group (PAG), an Asia-focused alternative investment manager, said on Tuesday that it hired four former senior Deutsche Bank executives to expand its distressed asset investment team.
Gain Capital Holdings Inc, an online provider of retail foreign exchange trading services, is planning to raise up to $125 million in the public markets, according to a regulatory filing on Monday.
Fortress Investment Group, Goldman Sachs Group Inc and Pacific Alliance Group are among bidders for failed Japanese apartment developer Joint Corp in a deal that could be worth up to 80 billion yen ($861 million), two people with direct knowledge of the deal said.
Kohlberg Kravis Roberts & Co and other private-equity firms are eyeing a buyout of Societe Generale's asset management subsidiary TCW Group, the New York Post said, citing sources.
NEW YORK - Strong economic data on the manufacturing sector helped boost U.S. industrial shares in early trading on Tuesday, amid optimism the sector's earnings bottomed out in the second quarter and are set to improve.
German real estate fund manager Union Investment said on Tuesday it has bought the Mercado shopping mall in Hamburg for 164 million euros ($235.5 million) in Germany's largest individual property deal so far this year.
U.S. stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.
Stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.
The reinvigorated market for initial public offerings has sparked a rash of new filings by prominent companies that have been waiting for years for the chance to go public, setting the stage for potentially billions of dollars in IPOs by the end of the year.
PricewaterhouseCoopers (PwC) said it has appointed Nick Secrett, who joins from Swiss Re to its Pensions Capital Management team.
Stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.
(Corrects first paragraph to show U.S. manufacturing is expected to have expanded for the first time since just after the recession began, not since the recession began.)
