INVESTMENT

Santander, Verisk, Omeros may make $9 billion IPO week

IBTimes Logo
What could be the biggest U.S. IPO week in 18 months, expected to raise up to $9.1 billion, took shape on Monday after Spanish bank Santander , insurance risk specialist Verisk Analytics Inc and biotech Omeros Corp set terms of initial public offerings next month.
More news
IBTimes Logo

BofA close to shelving gov't loss-share pact: report

Bank of America Corp is close to exiting a loss-sharing deal with the Federal Reserve Board and U.S. Treasury that was designed to buttress against potential loan losses, the Wall Street Journal reported on Monday.
IBTimes Logo

IRS extends tax amnesty deadline to October 15

Wealthy U.S. individuals with hidden offshore bank accounts will get an extra three weeks to participate in an amnesty program that could help them avoid criminal prosecution, U.S. tax officials said on Monday.
IBTimes Logo

U.S. extends tax amnesty deadline to October 15

Wealthy U.S. individuals with hidden offshore bank accounts will get an extra three weeks to participate in an amnesty program that could help them avoid criminal prosecution, U.S. tax officials said on Monday.
IBTimes Logo

Lawmaker faults BofA's response to Merrill inquiry

A congressman accused Bank of America Corp of meeting his requests for information with volumes of irrelevant documents and has set a Monday deadline for more information, according to a letter obtained by Reuters.
IBTimes Logo

China's MCC gains, but IPO pipeline weighs

Metallurgical Corp of China, the firm that helped build Beijing's Bird's Nest Olympic stadium, made a modest debut in Shanghai on Monday, in a sign that a flood of new equity is weighing on market sentiment.
IBTimes Logo

U.S. extends tax amnesty deadline to Oct 15: report

U.S. tax authorities will extend a limited amnesty program for U.S. taxpayers who have undeclared income on foreign accounts to October 15 from September 23, The Wall Street Journal said on Monday, citing unnamed government officials.
IBTimes Logo

S&P 500 futures drop further

S&P 500 stock index futures sank further on Monday and global equity markets declined as investors reassessed stock valuations following a six-month run-up.
IBTimes Logo

Stock futures dip along with oil

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.7 percent at 4:18 a.m. EDT.
IBTimes Logo

China shares lead Asia lower

Asian stocks eased on Monday, pulling further away from 13-month highs hit last week, as investors worried prices may have raced too far ahead of economic fundamentals, with shares in China feeling supply pressures ahead of a string of IPOs.
IBTimes Logo

Asia stocks drift lower, China feels IPO pressure

Asian stocks eased on Monday, pulling further away from 13-month highs hit last week, as investors worried prices may have raced too far ahead of economic fundamentals, with shares in China feeling supply pressures ahead of a string of IPOs.
IBTimes Logo

Congress demands BofA details on Merrill deal: report

A House of Representatives panel has told Bank of America Corp that it cannot use attorney-client privilege to withhold from Congress details on its purchase of Merrill Lynch, The New York Times reported on Monday.
IBTimes Logo

Goldman Sachs fund to invest $250 million in Geely: report

A Goldman Sachs Group private equity fund is investing about $250 million in Chinese carmaker Geely Automobile , a move that could free up capital for Geely's parent to bid on Ford's Volvo unit, the Wall Street Journal reported, citing an unidentified source.
IBTimes Logo

Fidelity, Vanguard discuss money fund backstop: report

Fidelity Investments and Vanguard Group Inc. are among those discussing the creation of a cash reserve to blunt a run on money markets like the one that occurred last September, according to a report by Bloomberg on Saturday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.