INVESTMENT

As Glencore contemplates a leap into the great unknown of public ownership, it can take comfort from at least one notable peer that has thrived in the listed spotlight -- Asian trading house Noble Group.

E*Trade priced a stock and debt exchange offers on Friday as it seeks to raise about $1.4 billion to boost its equity capital.

Stock index futures pointed to a higher open on Wall Street on Friday as a recent spate of improving economic data beckoned investors back into equity markets for a second day.

Former Merrill Lynch executive Winthrop Smith on Friday denied approaching Bank of America Corp Chief Executive Kenneth Lewis with two other former Merrill executives to discuss buying back all or part of the bank.

Stock index futures pointed to a higher open on Wall Street on Friday as a recent spate of improving economic data beckoned investors back into equity markets for a second day.

Kohlberg Kravis Roberts & Co is considering separating a plan that links buying its Amsterdam-listed fund with its own moves to list on the NYSE, a source familiar with the matter said, throwing further doubt on whether the private equity giant will list in New York.

Equity markets and high yielding currencies gained on Friday while bonds and the dollar fell, as U.S. jobs and factory data the previous session rekindled hopes that the global economy may be recovering from recession.

U.S. stock index futures pointed to a higher open on Wall Street on Friday, as stocks were poised to add to the previous session's gains.

Chief executives of some banks that received federal money, including Bank of America Corp, Morgan Stanley and Regions Financial Corp, used company jets for their personal use, the Wall Street Journal reported on its website.

Bank of America Corp Chief Executive Ken Lewis was approached by three former Merrill Lynch executives this year to discuss buying back some or all of their old company, but he politely rebuffed them, the Financial Times reported on its website. Dan Tully, former Merrill CEO, Launny Steffens, former head of Merrill's private client business, and Winthrop Smith Jr, son of one of Merr...

U.S. private equity firm Kohlberg Kravis Roberts & Co is reconsidering its plan to list in New York, the Financial Times reported on Thursday.

Now that Goldman Sachs Group Inc has settled its $10 billion debt with the U.S. taxpayer, investors are wondering about the Wall Street firm's other looming presence -- Warren Buffett.

Microsoft Corp is willing to invest up to 10 percent of its operating income in its Internet search business for up to five years, Chief Executive Steve Ballmer said on Thursday, as its Bing search engine starts to gain ground with Web surfers.

Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the original Ricketts family buyers, sources familiar with the situation said on Thursday.

The possibility of the Federal Reserve gaining regulatory authority over General Electric Co's hefty finance arm could influence how the company restructures that business.

The Dow and the S&P 500 rose on Thursday following three days of losses as economic data pointing to stabilization in the job market and improving regional business conditions lifted investor sentiment.

HONG KONG/NEW YORK - U.S. private equity firm Blackstone Group LP is in talks with the Shanghai city government to set up a wholly-owned China subsidiary as it prepares to launch a local currency private equity fund, sources said on Thursday.

For a growing number of oil traders, there's a new math at work in the traditional career calculus: why take the stress, long hours and uncertainty of a Wall Street job when the easy money is in physical trading?

Stock index futures turned higher following a government report showing that the number of people staying on jobless benefits after drawing an initial week of aid posted its largest one-week drop since November 2001.

Stock index futures were little changed on Thursday ahead of figures for weekly jobless claims and other indicators that investors hoped would show the recovery was gaining traction.

Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as joint global coordinators for the more than $4 billion IPO of its Asian life insurance unit, banking sources said on Thursday.