Facebook adding banks for IPO: sources
Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday.
Citi Chairman Parsons to Resign From Board
Citigroup Chairman Richard Parsons will resign from his post and the banking giant's board, the Wall Street Journal reported Friday. Parson, who joined the board in 1996, has reportedly told fellow directors he won't stand for re-election at Cit's annual meeting in April.
Yelp Stock Price Quote ‘Exceptionally’ High on First Day: Is it Too Late to Invest?
Yelp stock was traded on the floor of the New York Stock Exchange (NYSE) for the first time on Friday, March 2. The stock, which is listed under the ticker symbol YELP, opened at $22.01 a share and quickly rose in value to $24.40 a share in just a few hours. The question now is whether YELP stock will continue to rise in the foreseeable future, or if the online company's stock value will soon begin to drop.
Facebook Adding More Banks to IPO: Sources
Facebook Inc will add more banks in coming weeks to help underwrite the company's initial public offering, two sources familiar with its plans said on Friday.
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15 Central Park West's $88 Mln Sale Closes, Setting Record
New York's condo market officially has a new champion. The record-breaking $88 million sale of a penthouse of 15 Central Park West appeared in city records Thursday, setting a new bar for the city's luxury market.
Former top Citigroup executive Terri Dial dies
Terri Dial, a former senior executive of some of the world's largest banks and one of the leaders of Citigroup's post-crisis restructuring, has died.
CVC Capital Agrees To Buy Ahlsell
Private equity firm CVC Capital Partners announced on Wednesday the 1.8 billion euro ($2.4 billion) acquisition of technical products wholesaler Ahlsell from Cinven and Goldman Sachs Capital Partners, marking Europe's largest private equity deal in almost a year.
CVC to Buy Nordic Group Ahlsell for $2.4 Billion
CVC Capital Partners is to buy Nordic construction products and machinery distributor Ahlsell from Cinven and Goldman Sachs Capital Partners for 1.8 billion euros ($2.4 billion), in Europe's biggest private equity deal since last summer.
Stock index futures point to a firmer start
U.S. stock index futures pointed to a firmer open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 0.1-0.2 percent at 4:58 a.m. ET.
Gold Prices Slide 1% with Euro, Stocks, Other Commodities
Gold prices fell 1 percent on Monday, in line with the euro, stocks and other commodities, as worries over the euro zone debt crisis and the impact of high crude oil prices on the fledgling economic recovery fuelled risk aversion.
Volcker rule should exclude all sovereign debt-Citigroup
A planned U.S. ban on banks trading for their own profit could hamper monetary policy and the ability of financial firms to manage risk unless foreign government debt is exempted, a top Citigroup executive said on Saturday.
BofA Stops Selling Mortgages to Fannie Mae; Rivals not Following
Bank of America Corp appears to be going it alone in not selling mortgage loans to Fannie Mae, a move that, while sending an angry signal to the nation's largest mortgage-buyer, could force the bank to charge less attractive mortgage rates.
Citigroup Exits India’s HDFC, Pockets $1.9 Billion
Citigroup Inc. (NYSE: C) raised $1.9 billion, a much-needed piece of capital, from the sale of its entire stake in Indian's giant mortgage lender Housing Development Finance Corp.
Futures Suggest Higher Open for US Stocks Friday
U.S. stock index futures pointed to a slightly higher open for equities on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.1 percent to 0.2 percent.
Citi Sells Stake in India's HDFC for $1.9 Bln
Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.
Citigroup Sells Its Stake in India’s HDFC, Raises $1.9 Billion
Citigroup Inc. exited investment in India's Housing Development Finance Corp. for $1.9 billion resulting in a pre-tax gain to it of $1.1 billion and an after-tax gain of approximately $722 million.
Plaza Hotel's $33.5 Million, $8.3 Million Condos Sold [PHOTOS]
Manhattan's venerable Plaza Hotel, site of a $48 million sale in 2011, has seen two more big deals to start off 2012. One of the building's penthouses, #PH2009, has been sold, according to StreetEasy. The deal hasn't closed yet, but the last asking price was $33.5 million.
Liberty Global mulls bid for Ziggo: paper
U.S. cable group Liberty Global is considering a bid for Dutch cable firm Ziggo, estimated to be worth 8 billion euros ($10.6 billion) and which is planning a stock listing, Dutch daily De Telegraaf reported on Thursday without citing sources.
S&P Fails to Break Key Level; Euro Zone Data Weighs
U.S. stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
Shell to Buy Cove Energy for $1.6 Billion
Royal Dutch Shell Plc (RDSa.L) has made an agreed 992.4 million pounds ($1.6 billion) bid for Mozambique-focused Cove Energy (COVE.L), offering a full price to open up a new gas frontier for the Anglo-Dutch oil major in East Africa.
Ford Pours $3.8 Billion Into Pension Plan, Eyes Shift to Bonds
Ford Motor Co. is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize its pension risks in a shaky market.
Is Yelp Stock Worth Buying? IPO Share Price Valued Between $12 and $14
Online review site Yelp gearing up for its IPO next week, but once the company hits the New York Stock Exchange on March 2, should consumers line up to buy the company's stock?
Gold Prices up 2nd Day, Silver Gains, Too
Gold rose for a second day on Tuesday, taking its cue from a brief rally in the euro after euro zone finance ministers struck a deal with Greece on its emergency funding, while silver shrugged off data that showed a steep drop in Chinese imports.
Bullish hedge funds hike their bets in 2012 rally
Hedge funds are cranking up their bets in equities and credit in 2012's buoyant markets in the belief that the euro zone, U.S. and Chinese economies will fare better than many were fearing last year.
Universal seeks EU okay for EMI buy
French media group Vivendi's Universal Music is seeking EU regulatory approval to buy British record label EMI's recorded music unit for $1.9 billion to boost its worldwide market share, the European Commission said on its website on Monday.
Meet Ekaterina Rybolovleva: She Has the Most Expensive New York City Pad
By now everyone should know about Russian heiress Ekaterina Rybolovleva. When a deal closed on an $88-million apartment on Wednesday, it was the most expensive apartment sold in New York City and she owns it.
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