Investment Banking and Brokerage
featured
NEW YORK-- Shares of Exide Technologies surged Friday as the battery maker announced that it hired a financial advisory firm to help explore options to maximize shareholder value. Exide Technologies said that it does not anticipate making any further comments about its Lazard- assisted review until the process is finished.
» Read MoreMore
-
NEW YORK-- Shares of Exide Technologies surged Friday as the battery maker announced that it hired a financial advisory firm to help explore options to maximize shareholder value. Exide Technologies said that it does not anticipate making any further comments about its Lazard- assisted review until the process is finished.
-
*Technical support seen near 85- to 86- cent range- broker. NEW YORK, April 4- ICE cotton fell on Thursday, as weekly U.S. government export data were not seen as strong enough to boost prices and losses across commodities markets weighed. The most-active May cotton contract on ICE Futures U.S. fell 0.89 cent, or 1 percent, to settle at 88.33 cents per pound.
-
Jon Corzine's bets on European sovereign debt while head of MF Global Holdings led to the firm's collapse in 2011, according to the bankruptcy trustee.
-
WASHINGTON, March 27- Oil companies are largely escaping the close scrutiny of derivatives trading they once warned would harm their business and are seeking further delays from U.S. regulators. BP Plc has told the Commodity Futures Trading Commission it would register, one of the two people said, but probably not for several more months.
-
WASHINGTON, March 27- Oil companies are largely escaping the close scrutiny of derivatives trading they once warned would harm their business and are seeking further delays from U.S. regulators. BP Plc has told the Commodity Futures Trading Commission it would register, one of the two people said, but probably not for several more months.
-
Switzerland, home to commodities giants such as Glencore and Cargill, commissioned the report last year after left-wing politicians said that the traditionally secretive sector exposed the country to risks to its reputation.
-
Switzerland, home to commodities giants such as Glencore. "There is no evidence, at present, of a general trend amongst companies to move away from Switzerland, but much will depend on whether Switzerland succeeds, also in the future, in providing a competitive legal and economic setting for conducting business," the report said.
-
ZURICH, March 27- Credit Suisse is buying Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to more volatile investment banking.
-
BRUSSELS, March 27- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Spanish infrastructure group Ferrovial to buy British utility services company Enterprise Plc.
-
*SICO Investment Bank cuts to sell.
-
*Credit Suisse buying $13 bln in assets. *Comes as bank slashes 1 bln Sfr in unit spending. ZURICH, March 27- Credit Suisse will buy Morgan Stanley's wealth management arm in Europe, the Middle East and Africa with $13 billion in assets, as it seeks to offset its exposure to more volatile investment banking.
-
GENEVA, March 27- Commodities trading giant Trafigura said on Wednesday it had signed an agreement to purchase Dar Blend crude oil from the government of South Sudan. "Under the agreement, signed on 7th March, Trafigura will purchase Dar Blend crude oil from the Republic of South Sudan," the company said in a statement.
-
March 27- Mears Group PLC:. *Espirito Santo Investment Bank raises fair value to 338 p from 285 p; rating. Reuters Station users, click. 1580.
-
March 27- Premier Farnell PLC:. *Espirito Santo Investment Bank raises fair value to 250 p from 213 p; rating. Reuters Station users, click. 1580.
-
March 27- Safestore Holdings PLC:. *Espirito Santo Investment Bank raises to buy from neutral. *Espirito Santo Investment Bank raises fair value to 129 p from 103 p.
-
SHANGHAI, March 27- Wang Dongming, chairman of China's biggest brokerage CITIC Securities Co Ltd, was so impressed by the Charles Ellis bestseller "The Making of Goldman Sachs" that he called for a Chinese translation and urged his employees to read it.
-
SHANGHAI, March 27- Wang Dongming, chairman of China's biggest brokerage CITIC Securities Co Ltd, was so impressed by the Charles Ellis bestseller "The Making of Goldman Sachs" that he called for a Chinese translation and urged his employees to read it.
-
March 26- Warren Buffett has given up his chance to become Goldman Sachs Group Inc's largest shareholder no additional cost to his Berkshire Hathaway Inc. Buffett received the warrants as part of a 2008 deal during the depths of the financial crisis, when his investment in Goldman was seen as a vote of confidence in the firm.
-
Under that deal, Berkshire had the right to buy about 43.5 million Goldman shares- or a roughly 9 percent stake- at an exercise price of $115 per share, for $5 billion in total.
-
Citigroup complied with an order with the U.S. Federal Reserve to improve its anti-money laundering controls, after several units of the bank were subject to similar orders in 2012.