AvalonBay shares soar on buyout chatter
Shares of apartment real estate investment trust AvalonBay Communities Inc. rose 5 percent on Wednesday on rumors that Blackstone Group LP may be interested in buying the company, according to a trader and a Web site.
Lehman Bros. Profit Rises 27 Pct. in 2Q
Amid a weak U.S. mortgage market, Lehman Brothers said Tuesday its second quarter profit rose by 27 percent to beat analyst forecasts.
Tishman, Lehman to Buy Archstone-Smith for $22.2 Billion
Real Estate investment trust Archstone-Smith said on Tuesday that it agreed to be acquired by a partnership between Tishman Speyer Properties LP and Lehman Brothers Holdings Inc. for about $22.2 billion, including debt and transaction costs.
Blackstone Files for $4 Billion IPO
Coming on the heels of the first U.S. hedge fund to go public, private equity giant The Blackstone Group L.P announced Thursday that it has filed for an initial public offering which could raise up to $4 billion.
Morgan Stanley Earnings Soar
Morgan Stanley on Wednesday said quarterly earnings rose on strong trading and merger activity, as the largest U.S. investment bank continued its turnaround from a tumultuous 2005.
Wall St Set for Lackluster Start; Lehman in Focus
Wall Street stocks are set for a muted start to Wednesday trade as investors consolidate positions after the push to four-month highs, with crude oil trading at $64 a barrel helping ease inflation concerns.
Hogg Robinson sets IPO range
Business travel company Hogg Robinson set a wide indicative price range on Tuesday for its planned return to the London stock market
Lehman Bros. Reports Rise in 2Q Earnings
Investment bank Lehman Brothers Holdings Inc. said on Monday its quarterly earnings rose, as revenue from trading and investment banking jumped.
Latin World Cup Fever May Mean Slower Business
Latin America's fixation with the football World Cup in the next month is likely to slow trade in the region but some wonder if it will be enough to dampen instability global markets.
Dollar's Slide Seen a Spur for Big-cap Stocks
The U.S. dollar may be losing its luster, but stock investors aren't losing much sleep over its weakness. In fact, analysts say, its recent slide would make mega-cap industrial stocks such as Caterpillar Inc. and Boeing Co. more appealing.
China bank: No Bear Stearns talks
China Construction Bank, one of the country's largest state banks, denied on Monday a newspaper report it is in early talks with Bear Stearns that could lead to its taking a minority stake in the Wall Street securities firm.
Chinese bank denies in talks on Bear Stearns stake
China Construction Bank Corp., one of the country's largest state banks, denied a newspaper report on Monday that it is in early talks with Bear Stearns Cos. that could lead to it taking a minority stake in the Wall Street investment bank.