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Exclusive: Ally weighs sale as IPO looks bleak

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

Ally Financial Weighs Sale as IPO Looks Bleak

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Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

Exclusive: Ally Financial weighs sale as IPO looks bleak

IBTimes Logo
Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.
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Woman looks at flat screen TV sets in Philips pavilion before opening of the IFA consumer electronics fair in Berlin

Investors Tune in to Philips Outlook, TV Sale

When Philips Electronics reports earnings on Monday, investors will be bracing themselves for developments on restructuring, costs cuts and whether the TV business will be sold in the first quarter.
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Italy Sells Top Amount at Bond Sale, Yields Fall

Italy's borrowing costs dropped sharply as it sold the maximum amount of 5 billion euros at an auction of short-term debt on Thursday, helping drive down yields on its longer-dated bonds ahead of a crucial sale of five- and 10-year paper on Monday.
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Demand strong, yields fall at Spain debt sale

Investors buoyed by a European Central Bank backstop flocked to a sale of Spanish short-term debt on Tuesday, buying three- and six-month paper at sharply lower yields to give a shot in the arm to the country's ambitious deficit-reduction program.
A man shops at an Office Depot store in New Yor

Office Depot Tests PayPal's New Point-of-Sale System

Office Depot Inc., the second-largest U.S. office-supply retailer, is testing PayPal's new point-of-sale (POS) system in a few stores, a top executive told Reuters. The news comes a few days after eBay Inc.'s PayPal unit said it had begun testing in-store payments in 51 Home Depot stores.
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UniCredit set to succeed with share sale

The 7.5 billion euro ($9.7 billion) rights issue by UniCredit SpA looks set to be almost entirely taken up, allowing it to meet tougher capital requirements being imposed on the euro zone's beleaguered banks.
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RIM shares jump on report of sale efforts

Shares of Research In Motion jumped more than 10 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
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RIM shares jump after report of Samsung sale

Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
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Tech blog says RIM eyes sale to Samsung

Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
'Dark Knight Rises:' What Do Catwoman And Bane Look Like As LEGOs? [TRAILER]

'Dark Knight Rises' Tickets Already on Sale: Early IMAX Deal About To Sell Out

Six months before Christopher Nolan's final Batman film hits theaters, tickets for The Dark Knight Rises: The IMAX Experience are on sale for theaters in New York, Los Angeles and San Francisco for an early July 19 screening. Advance tickets are selling out fast, so Batman fanboys and those eager to see Anne Hathaway as Catwoman early are advised to buy up the tickets while they can.
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Euro, stocks up ahead of Italian debt sale

European shares and the euro rose on Friday on expectations debt-scarred Italy's first bond sale of the year would go well, but unease over Greece's debt swap deal and prospects for the broader euro zone economy capped gains.
Harper to visit China, s

Harper to visit China, seeking higher oil sales

Prime Minister Stephen Harper plans to visit China next month as his government looks to open new markets for oil sands crude in the wake of Washington's decision to delay approval of a major pipeline from Alberta to Texas.
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WebMD scraps sale talks, warns of weak 2012

Popular health information website WebMD Health Corp took itself off the auction block and warned investors of lower 2012 profits as its advertisers in the drug industry pull back on spending.
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Brocade fields bids for sale: sources

Brocade Communications System Inc has received first-round bids from a handful of potential buyers as the company explores a sale, sources familiar with the matter said.
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French costs rise but demand solid at debt sale

French borrowing costs rose slightly when the euro zone's second-largest economy sold debt for the first time this year on Thursday but demand was solid despite concerns the country could lose its AAA credit rating.

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