INVESTMENT

Investors lured by healthier stock markets and private equity firms eager to unload stakes in their portfolio companies are setting the stage for the return of billion-dollar-sized initial public offerings to the United States.

BB&T Corp. and the Federal Deposit Insurance Corp. have reached an agreement to take over Colonial BancGroup in Alabama the Wall Street Journal and Bloomberg reported citing anonymous sources.

U.S. Southeast regional bank BB&T Corp will buy deposits and branches of Colonial BancGroup Inc following a move by regulators to take the struggling lender into receivership, media reports said, citing people familiar with the matter.

A former Credit Suisse Group AG broker used bait-and-switch tactics in fraudulently steering corporate clients into risky mortgage investments they did not want, federal prosecutors said on Friday.

The Federal Deposit Insurance Corp is taking Colonial BancGroup Inc into receivership and will sell the struggling lender's branches and deposits to BB&T Corp , Dow Jones said, citing a person familiar with the situation.

The Federal Deposit Insurance Corp is taking Colonial BancGroup Inc into receivership and will sell the struggling lender's branches and deposits to BB&T Corp , Dow Jones said, citing a person familiar with the situation.

Activist investor Carl Icahn is under fire from a hedge fund that accuses the billionaire investor of enriching himself at the expense of minority shareholders in XO Holdings Inc , a company he controls.

U.S. stocks fell more than 1 percent on Friday as investors retreated from a recent rally after data showing weak consumer sentiment fueled doubts about an economic recovery.

Radiation detection provider Mirion Technologies Inc on Thursday became the latest private-equity backed company to file for an initial public offering, as more buyout firms try to unload some of their portfolio companies in the public markets.

Ping An Insurance (Group) Co of China Ltd, the world's No. 2 life insurer by market value, posted a 34 percent jump in second-quarter earnings as China's stock market boom boosted investment returns.

Hedge fund firm Man Group Plc sold its remaining stake in U.S.-listed futures and options broker MF Global in a deal that will earn it an initial $112 million.

Bank of America Corp has promoted Cathy Bessant to president of global corporate banking, as the largest U.S. bank shuffles management in the wake of its acquisition of Merrill Lynch & Co.

For banks looking to seize market share in the lucrative Asian equities business, all eyes are on China.

U.S. stock index futures pointed to a higher open on Friday ahead of key data on inflation and consumer sentiment and quarterly results from major retailer JC Penney .

U.S. stock index futures pointed to a higher open on Friday ahead of key data on inflation and consumer sentiment and quarterly results from major retailer JC Penney .

World stocks hit 10-month highs for a second day running on Friday following upbeat growth data from the euro zone, but a fall in Chinese stocks and caution over the ongoing U.S. earnings season tempered gains.

Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday.

Dole Food Co Inc filed with U.S. regulators on Friday to raise up to $500 million in an initial public offering of common stock.

Japanese stocks ended at a 10-month high on Friday after upbeat eurozone growth data and positive earnings from the world's largest retailer helped offset gloomy U.S. retail and jobs data, factors which pulled down the dollar.

150 American clients of UBS are likely to face criminal charges related to tax evasion in the United States, the New York Times reported, citing a person briefed on the matter.

150 American clients of UBS are likely to face criminal charges related to tax evasion in the United States, the New York Times reported, citing a person briefed on the matter.