INVESTMENT

UPDATE 1-Crexus REIT sees $500 mln IPO

IBTimes Logo
NEW YORK - Crexus Investment Corp estimates its planned initial public offering will yield $500 million, according to an updated prospectus filed on Monday with the U.S. Securities and Exchange Commission. Crexus, which filed for its IPO in June, said it expected its 33.3 million shares to price at $15 apiece.

Wall Street skids on China concerns

IBTimes Logo
Stocks fell on Monday as concerns about the global economy's health weighed on Wall Street, following a hefty sell-off in Chinese equities.
More news
IBTimes Logo

Stock futures signal losses as commodities retreat

U.S. stock index futures pointed to a lower open on Wall Street on Monday for the last session of the month, with futures for the S&P 500 down 0.78 percent, Dow Jones futures down 0.77 percent and Nasdaq 100 futures down 0.87 percent at 0825 GMT (4:25 a.m. EDT).
IBTimes Logo

Funds of hedge funds fight back after Madoff

The fund of hedge funds industry is being forced to reinvent itself after the Madoff scandal and hefty client outflows, and will emerge from the crisis smaller but in better shape than many had expected.
IBTimes Logo

Citi investors should take profits: Barron's

Investors that bought Citigroup Inc shares should take profits after the U.S. bank's shares climbed almost 100 percent in the last month, Barron's said in its August 31 edition.
IBTimes Logo

Canadian bank seeks US jury trial in options fraud

TORONTO - Bank of Montreal, one of Canada's top banks, is suing two U.S.-based brokerages and some of their former officers and shareholders for their part in an intricate fraud carried out by the former head of its commodity derivatives group, court documents showed.
IBTimes Logo

Two more REITs file for IPOs

Two real estate investment trusts filed for initial public offerings on Friday, bringing to eight the number of applications since early July by REITs created by real estate companies seeking to take advantage of the distressed commercial property market.
IBTimes Logo

Cerberus clients overwhelmingly want out: report

Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.
IBTimes Logo

Want the world's best wages? Move to Switzerland

It pays to work in Switzerland: employees in Zurich and Geneva have the highest net wages in the world, a study by banking group UBS shows, while those in India's Mumbai take home the lowest.
IBTimes Logo

Big CBOT wheat deliveries seen as convergence eyed

CHICAGO - Ample supplies of U.S. soft red winter wheat and lackluster demand for the grain will promote big first-day deliveries against the September Chicago Board of wheat contract on Monday, traders and analysts said.
IBTimes Logo

U.S. SEC to include co-location in market review

WASHINGTON - U.S. regulators will examine a controversial practice that allows trading firms to shave valuable microseconds off trading times, the chairman of the Securities and Exchange Commission said on Friday.
IBTimes Logo

Surge of filings signals busy fall for IPOs

The reinvigorated market for initial public offerings has sparked a rash of new filings by prominent companies that have been waiting for years for the chance to go public, setting the stage for potentially billions of dollars in IPOs by the end of the year.
IBTimes Logo

Citi sale of Japan's Bellsystem24 heats up

Global buyout firms including Permira and KKR KKR.UL are set to bid for a core Citigroup asset next week in a deal worth more than $1 billion, grabbing a rare opportunity for them to chase big investments in Japan.
IBTimes Logo

Emerging market funds enjoy bumper H1 - Lipper

Net sales of emerging market funds rose to 15 billion euros ($21.54 billion) in the first half of 2009 as investors returned in droves after pulling out last year, research firm Lipper FMI said.
IBTimes Logo

Stock futures point to rise on Wall Street

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 stock indexes are up from 0.2 to 0.4 percent, pointing to a higher start when the U.S. markets open on Friday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.