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NEW YORK, Sept 12- HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.
Bank of America Corp. rose$. 12 or. 7 percent, to $16.69. Citigroup Inc. rose$. 02 or percent, to $52.25. Goldman Sachs rose $1.85 or 1.0 percent, to $182.85.
WASHINGTON, Sept 12- U.S. retail sales rose broadly in August and consumer sentiment hit a 14- month high in September, supporting expectations for sturdy economic growth in the third quarter.
Bank of America Corp. rose$. 10 or. 6 percent, to $16.67. Citigroup Inc. rose$. 26 or. 5 percent, to $52.49. Goldman Sachs rose $1.10 or. 6 percent, to $182.10.
The Morgan Stanley retail index jumped 0.9 percent; the S&P 500 retail index was up 0.1 percent. Leading the percentage gainers on the Morgan Stanley index was Ulta Salon Cosmetics and Fragrance, which jumped 20.2 percent after raising its full-year same-store sales growth forecast late Thursday.
NEW YORK, Sept 12- Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume. Shares of Hertz gained 4.6 percent to $29.03 a day after billionaire investor Carl Icahn won three board seats at the car renter.
Travelport is offering all the 30 million shares in the IPO and, at the expected pricing, will raise up to $480 million, it said in a regulatory filing.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.57. Citigroup Inc. rose$. 40 or. 8 percent, to $52.23. Morgan Stanley rose$. 40 or 1.2 percent, to $34.73.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.52. Citigroup Inc. rose$. 20 or. 4 percent, to $52.03. Goldman Sachs rose$. 86 or. 5 percent, to $180.73.
Initial public offerings are like a big, exclusive party that all investors are invited to but only few can actually attend.
NEW YORK, Sept 11- U.S. stocks were lower on Thursday, with biotechnology shares among the weakest of the day as investors continued to take profits. Celgene Corp was the biggest decliner on the S&P 500, off 3 percent at $91.28, while Vertex Pharmaceuticals was down 2.3 percent at $92.60.
The hedge fund community appears to be salivating over Alibaba, with interest from Leon Cooperman, Dan Loeb and other major players.
Bank of America Corp. rose$. 17 or 1.0 percent, to $16.53. Citigroup Inc. rose$. 27 or. 5 percent, to $52.10. Goldman Sachs rose$. 54 or. 3 percent, to $180.41.
Sept 11- Food retailer Smart& Final Stores Inc said it expects its initial public offering to be priced between $12 and $14 per share, valuing the century-old company at nearly $1 billion. Smart& Final, which is backed by private equity firm Ares Management LP, runs 250 non-membership, small-box, warehouse-style stores in western United States.
SHANGHAI/ HONG KONG, Sept 11- Tianhe Chemicals has denied allegations that it made false statements in its initial public offering prospectus and said key investor Morgan Stanley Private Equity Asia has given it full support.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 11- When the best thing you can say about new policies is that they aren't as bad as they could have been, then you know your industry is in deep trouble.
Bank of America Corp. rose$. 22 or 1.4 percent, to $16.36. Citigroup Inc. rose$. 57 or 1.1 percent, to $51.83. Goldman Sachs rose $2.47 or 1.4 percent, to $179.87.
Sept 10- The state of California announced on Wednesday that it had obtained a record-low yield on $2.8 billion of borrowed cash.
NEW YORK, Sept 10- Executing an order in the stock market may be lightening fast but many investors do not know how trades happen while rules to ensure full transparency are lacking, a potential bonanza for businesses that can fill this hole in the marketplace.
Asked what the next 15 years held for the company, Ma told an audience at Morgan Stanley he would continue to fight "for the little guy."