Cognizant is buying privately held health-care IT company Trizetto for $2.7 billion in cash, the company announced on Monday.» Read More
TOKYO, Sept 17- The Bank of Japan has begun paying banks for the privilege of lending them cash in a sign the central bank is reaching the limits of its power to reflate the economy, although it may soon be forced to pump yet more money into the financial system.
China's explosive economic rise has delivered virtually nothing to most stock investors. IPOs, according to research by Jay Ritter, a finance professor at the University of Florida. Over the same time, U.S. stocks jumped 555 percent, German stocks 458 percent and Spanish stocks more than 1,000 percent, according to Credit Suisse.
BRASILIA, Sept 15- President Dilma Rousseff is running neck-and-neck with her main rival, Marina Silva, less than three weeks before Brazil's presidential election that will likely go down to the wire in a runoff, a poll published on Monday showed.
Sept 15- U.S. regional refining margins fell 6.66 percent on average in the week ended Sept. 12, declining in three out of the five regions, Credit Suisse said in a weekly report on Monday. Margins in the Gulf Coast dipped the most, down 20.25 percent, while margins in the West Coast and Midwest fell 16.33 percent and 5.68 percent, respectively.
HONG KONG/ NEW YORK, Sept 15- Alibaba Group Holding Ltd raised the price range on its initial public offering to $66 to $68 a share, responding to strong investor demand for what could be the world's largest-ever IPO.
Sept 15- Cognizant Technology Solutions Corp struck its biggest deal on Monday, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion to beef up its slowing healthcare business. Shares of the company, which is buying TriZetto from London- based private equity firm Apax Partners LLP, rose nearly 3 percent in premarket trading.
Sept 15- Cognizant Technology Solutions Corp said it would buy healthcare IT services provider TriZetto Corp for $2.7 billion from private equity firm Apax Partners, its largest deal ever. Private equity firm Apax Partners LLP was exploring a sale of TriZetto, sources told Reuters in August.
HONG KONG, Sept 15- Alibaba Group Holding Ltd plans to increase the size of its U.S. initial public offering because of "overwhelming" investor demand, people familiar with the deal said on Monday.
Goldman Sachs and Credit Suisse are the lead underwriters for the IPO, the New Jersey- based company said in a filing with the U.S. Securities and Exchange Commission on Friday. Freshpet's filing listed private equity firm MidOcean Partners LP and Tyson Foods Inc, the largest U.S. meat processor, as investors.
Citigroup, Credit Suisse and RBC Capital Markets are the underwriters for the IPO, the Texas- based company said in a filing to the U.S. Securities and Exchange Commission. Energy& Exploration set a nominal fundraising target of about $400 million.
Sept 12- Energy& Exploration Partners Inc has filed with U.S. regulators for an initial public offering of its common stock. Citigroup, Credit Suisse and RBC Capital Markets are the underwriters for the IPO, the Texas- based company said in a filing to the U.S. Securities and Exchange Commission on Friday.
Germany's DAX, down 0.4 percent, underperformed the market after the United States and the European Union tightened sanctions on Russia over its intervention in Ukraine. Germany imports a significant amount of gas from Russia and sold it about 36 billion euros of goods last year, almost a third of the EU's total.
NEW YORK, Sept 12- U.S. The Commerce Department said retail sales increased 0.6 percent last month after an upwardly revised 0.3 percent gain in July.
*Aveva tumbles after warning about currency impact. LONDON, Sept 12- European equities edged lower in late trading on Friday, with investors refraining from making strong bets on stocks ahead of Scotland's referendum and the U.S. At 1416 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,382.66 points.
*Aveva tumbles after warning about currency impact. LONDON, Sept 12- European equities edged higher on Friday, although major share indexes remained in a tight range as investors refrained from making strong bets on stocks ahead of Scotland's referendum and the U.S.
*Nikon, Sumco, automakers lead gains. TOKYO, Sept 12- Japanese share prices rose for the fifth straight session to an eight-month high on Friday, with exporters leading the gains on the yen's weakness.
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.
HOUSTON, Sept 9- The first substantial oil-by-rail project at a California refinery won approval on Tuesday despite a last-minute push for more scrutiny by some environmental groups.
Sept 9- Alibaba Group Holding Ltd's desire to keep tight control over its $21.1 billion share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources familiar with the situation.
Credit Suisse and Barclays are the IPO's lead underwriters, the company said in a filing with the U.S. Securities and Exchange Commission. Performance Food markets and distributes food and food products to restaurants such as Subway, TGI Friday's, Wendys Co, and Yum Brands Inc as well as to hotels, schools, hospitals and other institutions.