MARKETS / FINANCE

IBTimes Logo

Sands' Adelson plans $35 billion casino-resort in Spain

Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.

Stock futures signal gains for equities

IBTimes Logo
Stock futures pointed to a higher opening for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.1 to 0.3 percent.

Carlyle eyes $7.5-$8 billion valuation in IPO: source

IBTimes Logo
Carlyle Group LP is eyeing a market valuation of $7.5 billion to $8 billion in an initial public offering, as the U.S. private equity firm prepares to kick off a marketing blitz to investors, perhaps as soon as next week, said a source with knowledge of the situation.
IBTimes Logo

BOJ to mull easing at April 27 policy meeting: sources

The Bank of Japan will consider easing monetary policy at its next rate review on April 27 by boosting government bond purchases under its asset-buying program, sources familiar with the central bank's thinking said, as it battles to nudge consumer inflation toward its 1 percent target.
More news
IBTimes Logo

House to take up cybersecurity bill with revisions

The U.S. House of Representatives will take up a cybersecurity bill at the end of April that lets the government and corporations share information about hacking attacks on U.S. networks, with amendments intended to ease civil liberties concerns, lawmakers said on Tuesday.
IBTimes Logo

NY pushes objection to BofA $8.5 billion mortgage pact

Bank of America Corp's proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York's attorney general, who said the accord appears unfair to investors who may deserve to recover more.
IBTimes Logo

Carlyle to sell 10 percent stake in IPO: source

Carlyle Group LP, the private equity firm with $147 billion in assets under management, is planning to sell a 10 percent stake in its upcoming initial public offering, a source familiar with the matter said on Tuesday.
IBTimes Logo

Ford, Yahoo reality show to tout electric Focus

Ford Motor Co will partner with Yahoo Inc on a reality show this spring to promote its first electric passenger car, a move that comes as the auto industry is growing more pessimistic about the prospects for these kinds of vehicles.
IBTimes Logo

Analysis: Broker bonus bidding war comes at a cost

Bonuses offered by the U.S.'s biggest securities companies to recruit top brokers are reaching their loftiest levels since the financial crisis, and none of the big firms are retreating from the bidding war.
IBTimes Logo

Best Buy CEO out as more shoppers move online

Best Buy Co Chief Executive Brian Dunn is stepping down from the world's largest consumer electronics chain, which said it is looking for a new CEO to help it better compete against Internet retailers and discounters.
IBTimes Logo

Yahoo CEO sketches out new plan to jump-start growth

Yahoo Inc Chief Executive Scott Thompson outlined how the Internet pioneer will revive itself by putting in place a new structure to sharpen its focus on users, advertisers and overlooked areas such as commerce.
IBTimes Logo

As weather gets biblical, insurers go missing

As weather disasters strike with more frequency, homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.
IBTimes Logo

Court rules Pfizer can face some asbestos suits

A federal appellate court ruled on Tuesday that drugmaker Pfizer can face asbestos liability suits in state court over products once manufactured by a bankrupt subsidiary, dragging out a dispute that has already lasted more than 30 years.
IBTimes Logo

Fannie, Freddie loan write downs possible: regulator

The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the housing finance companies to write down loan principal under an Obama administration plan, but further study was needed.
IBTimes Logo

U.S. court rules Pfizer can face asbestos suits

A federal appellate court ruled on Tuesday that drugmaker Pfizer can face asbestos liability suits in state court over products once manufactured by a bankrupt subsidiary, dragging out a dispute that has already lasted more than 30 years.
IBTimes Logo

Ruling moves Tribune closer to bankruptcy exit

Tribune Co, the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankruptcy after a judge resolved lingering disputes about the order in which noteholders should be repaid.
IBTimes Logo

February job openings rise to 3.5 million

The number of unemployed American workers for every job opening fell in February to its lowest since late 2008, pointing to ongoing healing in the still-weak labor market.
IBTimes Logo

Household debt casts long economic shadow: IMF

Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released on Tuesday by the International Monetary Fund.
IBTimes Logo

Best Buy CEO out; retailer hit by market change

Best Buy Co said Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, which has struggled against stepped-up competition from internet retailers and discounters.
IBTimes Logo

Regulator: Fannie, Freddie loan writedowns possible

The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the mortgage finance companies to write down mortgage loan principal under an Obama administration plan but that further study was needed.
IBTimes Logo

Best Buy CEO resigns

Best Buy Co said its Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, as the company looks to please investors looking for change at the top.
Detour Lake Gold Mine

Gold Prices Steady, Early Gains Surrendered

Gold steadied on Tuesday, surrendering earlier gains as a rally sparked by expectations that a sluggish U.S. employment market could fuel further monetary easing ran out of steam in the face of a firming dollar and easing appetite for risk.
IBTimes Logo

Wall Street set to cap string of losses

Wall Street stock indexes were mixed, pointing to a flat open on Tuesday as S&P 500 futures found support near their 50-day moving average, following four days of losses on the benchmark index.
IBTimes Logo

Stock futures flat after string of losses

Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
IBTimes Logo

Bourses play nice cop to head off speed-trade rules

The world's stock exchanges are trying to rein in some of the most controversial activities of high-speed trading firms, among their most valued clients, to help head off tough sanctions from regulators.
IBTimes Logo

Wells Fargo upgrades AIG on likely bailout exit

American International Group Inc will likely become independent from the U.S. government over the next year, Wells Fargo Securities said, upgrading the shares of the bailed-out insurer to outperform.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.