INVESTMENT

TPG hires bankers for Australia's Myer IPO-sources

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Private equity firm TPG has hired three banks to lead manage an IPO of Australia's top department store Myer Group, sources with direct knowledge told Reuters on Tuesday, valuing Myer at about $2.1 billion. The IPO, the biggest initial public offer on the Australian stock exchange since the credit crisis took hold two years ago, underscores a return of confidence in the market and heralds a wave of new listings.
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Judge orders SEC to explain more in BofA case

A federal judge on Tuesday ordered the U.S. Securities and Exchange Commission to do a better job of explaining why it did not pursue allegations that Bank of America Corp lied in its proxy statement about its approval of bonuses for Merrill Lynch & Co employees.
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Regulators examine Goldman's tips: report

U.S. securities regulators are examining weekly meetings at Goldman Sachs Group Inc , where research analysts offer tips to traders and then to big clients, the Wall Street Journal reported on its website.
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Commercial: Has Time Run Out?

Sales of tenant-in-common interests have plummeted, but don't count the securitized real estate industry out just yet.
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Volcker: Money funds weaken financial system

Money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks, Bloomberg reported former Federal Reserve Chairman Paul Volcker as saying in an interview.
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OBV - On-Balance Volume

Chartists employ a two-dimensional approach to market analysis that includes a study of price and volume. Of the two, price is the more important. However, volume provides important secondary confirmation of the price action on the chart and often gives advance warning of an impending shift in trend. Volume is the number of units traded during a given time period, which is usually a day. It is the number of common stock shares traded each day in the stock market. Volume can also be monitored on ...
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U.S. senator wants broad SEC market review

Senator Ted Kaufman on Monday asked U.S. regulators to undertake a comprehensive review of several questionable developments in the structure of capital markets, the latest lawmaker to weigh in on so-called dark pools, flashes, and high-frequency trading.
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BofA to settle Merrill lawsuit for $150 million

Bank of America Corp has agreed to pay $150 million to settle a class-action lawsuit accusing the former Merrill Lynch & Co of misleading investors in connection with the sale of bonds and preferred stock, court records show.
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Deutsche Bank plans Tier 1 issue, reopens market

Deutsche Bank plans to issue new Tier 1 debt in a deal that could reopen Europe's market for hybrid subordinated financial debt as banks seek to rebuild balance sheets in the wake of the financial crisis.
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Stock futures rise on hopes of economic recovery

Stock index futures rose on Monday after four straight positive sessions for Wall Street, as global stocks hit 10-month highs on hopes that the U.S. economy will soon start to recover from recession.
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Stock futures point to higher Wall Street open

Stock index futures indicated a stronger start on Wall Street on Monday, extending the previous session's gains after stronger U.S. housing data and optimistic comments from Federal Reserve Chairman Ben Bernanke lifted sentiment.
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Harvard seeks to manage more money internally: report

Harvard University's multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few years, the Wall Street Journal said.
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Stock futures point to higher Wall St open

U.S. stock index futures indicated a stronger start on Wall Street on Monday, extending the previous session's gains after stronger U.S. housing data and optimistic comments from Federal Reserve Chairman Ben Bernanke lifted sentiment.
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Senator seeks broad SEC market review: report

A Democrat senator is expected on Monday to ask the Securities and Exchange Commission to review the stock market's structures, Dow Jones Newswires reported, reviving a debate over the market impact of computer-based trading.

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