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Education Management up 20.9 pct, Echo little changed

Education Management Corp rose 20.9 percent in its first day of trading on the Nasdaq on Friday, above average for a U.S. initial public offering this year.

Mexico's ICA places $477 mln highway security

Mexican construction company ICA and partner Goldman Sachs placed a package of toll highways on the stock market on Friday, the first use of a new investment vehicle meant to boost financing for infrastructure projects.

Israel's IDB plans to buy HSBC building in New York

Israeli holding company IDB Holding Corp said on Saturday it was close to signing a deal to acquire from HSBC the bank's headquarters in Manhattan for $330 million.

Fed Seeks More Financial System Oversight

Federal Reserve Chair Ben Bernanke made a case to Congress on Thursday that the Fed needed additional powers to oversee banks, insurance companies, hedge funds, and others. He also admitted that the Fed hasn’t done a good job protecting consumers but said improvements are being made.

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Wall Street dips on weak jobs, factory data

Stocks fell for the fourth straight day on Friday as weak jobs data gave more evidence the economic recovery would be less robust than expected.

Clean energy investment fell in Q3: research group

Investors worldwide poured $25.9 billion into clean energy in the last three months, down 9 percent from $28.6 billion in the second quarter, analysts at research group New Energy Finance said on Friday.

THL, Quadrangle-owned West Corp plans $500 mln IPO

West Corp, an operator of call centers and conference calls, filed plans on Friday to raise as much as $500 million in an initial public offering.

Julius Baer in lead for ING's Swiss unit: sources

Julius Baer has emerged as the frontrunner to acquire Dutch ING's Swiss private banking assets, two people familiar with the matter said, and a deal could be announced as early as next week.

Santander IPO no bargain, but demand seen strong

As the largest initial public offering on a U.S. exchange in 18 months, the closely watched share sale of Banco Santander (Brasil) will likely attract plenty of demand next week even as some investors balk at the price of the stock.

FINRA head urges BofA to be open on CEO search

The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.

Update 1- FINRA head urges BofA to be open on CEO search

The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.

Swiss regulator says UBS, CS pass stress test

Switzerland's two large banks, UBS and Credit Suisse, could weather a severe deterioration of the economy, Swiss banking regulator FINMA said on Friday, publishing its conclusion from a stress test for the banks.

KKR lists on Euronext; NYSE is next

Kohlberg Kravis Roberts & Co is on the verge of catching up with private equity arch-rival Blackstone in having a share listing, more than two years after initially seeking to go public.

Stock futures slip on caution ahead of employment data

U.S. stock index futures slipped on Friday as cautious investors awaited a key report on labor market conditions after other data this week suggested the nascent economic recovery may be losing momentum.

Stock futures down ahead of employment data

U.S. stock index futures slipped on Friday as cautious investors awaited a key monthly employment report after other data this week suggested the nascent economic recovery may be losing momentum.

FTSE down 0.9 pct by midday, U.S. jobs data eyed

Weakness in miners and financials dragged Britain's top share index 0.9 percent lower by midday on Friday, as weak data this week increased investors' concerns, denting risky assets ahead of U.S. non-farm payrolls data.

World stocks tumble, dollar steady

Equity markets across the globe tumbled and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large.

No IPO resurgence, wait for 2010: venture cap group

Initial public offerings will rebound only in 2010, despite a pick-up in activity that some investors say signal a resurgence, the National Venture Capital Association said on Thursday.

Wall Street has worst day in 3 months as Q4 begins

The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength.

BofA directors considering short-term CEO: report

Bank of America's board of directors is looking at hiring a short-term chief executive from outside the bank to give internal candidates more time to develop, the Wall Street Journal reported on Thursday.

BofA, ex-Merrill exec settle; he's free to work

Bank of America Corp and former Merrill Lynch & Co brokerage chief Robert McCann have resolved a dispute over his contract, freeing him to take another job in financial services.

BofA CEO Lewis out by year's end, search on for successor

Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.

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