Alibaba's long-awaited IPO is finally around the corner, making this a good time to take a look at just how an IPO works.» Read More
Sept 8- Alibaba Group Holding Ltd founder Jack Ma on Monday surprised potential investors at a standing-room only event in New York by addressing governance concerns over the Chinese e-commerce giant, including a controversial 2010 spin-off of its online payment service.
Sept 8- Alibaba Group Holding Ltd founder Jack Ma on Monday gave potential investors little new information about his Chinese e-commerce giant, but surprised them by addressing governance concerns, including a controversial 2010 spin-off of its online payment service.
Sept 8- Hundreds of hedge funds, mutual funds and other institutional investors lined up on Monday to hear Alibaba Group Holding Ltd's management pitch the company's shares, as the Chinese e-commerce giant kicked off a two-week IPO marketing blitz.
Alibaba is seeking to raise more than $21 billion in an initial public offering that will value the company at up to $163 billion and rank as the largest-ever technology debut in the United States.
*Citi sees stocks as' super cheap' relative to credit. LONDON, Sept 5- European stocks fell on Friday as traders cashed in on recent gains, fuelled by fresh monetary stimulus in Europe, and awaited U.S. jobs data for insight on growth and future interest rates in the world's largest economy.
SAO PAULO, Sept 4- Spanish call center operator Atento SA, which is controlled by buyout firm Bain Capital Partners LLC, is likely to launch an initial public offering in the United States as early as next week, a source with knowledge of the deal said.
The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC Holdings Plc, JPMorgan Chase& Co, Nomura Holdings Inc., Royal Bank of Scotland Group Plc, UBS AG and Wells Fargo& Co..
NEW YORK, Sept 4- A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default swaps.
NEW YORK, Sept 4- A Manhattan federal judge on Thursday narrowed but refused to dismiss a lawsuit accusing 12 major banks of fixing prices and restraining competition in the multitrillion-dollar market for credit default swaps, violating U.S. antitrust law.
*Big push into Asia as reputations damaged in U.S. ZURICH, Sept 4- Switzerland's allure as a place to stash cash has been badly damaged by a U.S.-led campaign against tax cheats, and the country's roughly 140 private banks can no longer rely on a reputation for secrecy to attract wealthy customers.
NEW YORK, Sept 3- Apple Inc shares were on track Wednesday for their worst day since January just days ahead of the launch of its latest iPhone, with one brokerage warning of a stock downgrade unless its new products show better promise for profit growth.
NEW YORK, Sept 3- Apple Inc shares were on track Wednesday for their worst day since January ahead of the launch of its newest iPhone, with at least one brokerage mulling a stock downgrade unless its new products show better promise for profit growth.
LONDON, Sep 2- Credit Suisse said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday. The newspaper said Zoe Henderson, a trader on the European equities sales desk in London, was alleged to have improperly shared client information with her husband, Toby Henderson, a trader at rival bank RBC Capital Markets.
A statute relied on by the banking regulator to bring this and similar cases on behalf of banks it seized "did not give the FDIC more time to bring claims that would otherwise have been lost," Stanton wrote.
Sept 2- Software maker Compuware Corp, under pressure from investors for more than a year over its poor performance, agreed to be taken private by investment firm Thoma Bravo LLC in a deal valued at about $2.5 billion.
HONG KONG, Sept 2- Hong Kong shares finished flat for a third session on Tuesday, but recovered from session lows after major indexes in China's market reached fresh highs this year. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong was up 0.1 percent, recovering from earlier losses of 1.4 percent.
*HSBC slips after UK fund manager dumps shares. HONG KONG, Sept 2- Hong Kong shares fell to three-week lows on Tuesday weighed down by profit-taking, while the Chinese onshore markets eked out slim gains thanks to outperforming port and liquor stocks.
LONDON, Sept 1- Palladium rose to a 13-1/ 2- year high of $910 an ounce on Monday on fears that possible Western sanctions against Russia over the Ukraine crisis could hit supply from the world's top producer of the metal, while gold nudged higher.
A downturn in China's once red-hot property market poses one of the greatest threats to the world's second biggest economy.
LONDON, Aug 31- British newspapers reported the following business stories on Sunday. GlaxoSmithKline is facing a shareholder revolt over plans to shake up its board, with leading investors calling for the speedy departure of Chairman Christopher Gent.