China Resources' chairman allocated many of its investment banking deals over the past five years to institutions employing his alleged mistress.» Read More
Investment banks have attempted to cut pressure on junior analysts, but the more things change, the more they remain the same. The NYT reports.
Goldman Sachs& Co, Morgan Stanley and Credit Suisse are the lead underwriters for the IPO, Zendesk said in a filing with the U.S. Securities and Exchange Commission. Charles River Ventures, an early investor in Twitter Inc, is Zendesk's biggest shareholder with a 24.5 percent stake, followed by Benchmark Capital Partners LP that has an 18.7 percent stake.
April 10- Cloud-based software maker Zendesk Inc filed with U.S. regulators on Thursday for an initial public offering of up to $150 million. Goldman Sachs& Co, Morgan Stanley and Credit Suisse are the lead underwriters for the IPO, Zendesk said in a filing to the U.S. Securities and Exchange Commission.
*FamilyMart tumbles after earnings report. TOKYO, April 9- Japan's Nikkei share average hit a two-week low on Wednesday morning after Bank of Japan Governor Haruhiko Kuroda's comments the previous day raised doubts over whether the BOJ will ease its policy stance anytime soon, sending the yen higher.
April 8- The initial public offering of La Quinta Holdings, owned by the Blackstone Group, was priced at $17 per share on Tuesday, valuing the hotel chain at about $2.1 billion. La Quinta's IPO raised $650 million, after its offering of 38.25 million shares was priced below an expected range of $18 to $21 a share.
April 8- Blackstone Group LP- owned La Quinta Holdings Inc's initial public offering priced at $17 per share, according to Bloomberg, valuing the hotel chain at about $2.1 billion. La Quinta's IPO raised $650 million, after its offering of 38.25 million shares priced below an expected range of $18 to $21 a share, Bloomberg reported.
April 8- The last six weeks have been rough for investors who jumped into 2013' s big stock market winners like Netflix and Facebook, only to see their share prices crater. For now, they have shifted money to other parts of the equities market, instead of retreating to safe-havens like cash, and concerns that there will be a full-scale retreat are muted.
*China stock valuations near cheapest since at least 2004. *Stock mutual funds turning overweight on China- HSBC. *Investors see China reforms improving growth prospects.
JOHANNESBURG/ LONDON, April 8- As a strike by South African platinum miners enters its eleventh week, the likelihood that employers will bow to demands for better pay is receding and a drastic overhaul of the loss-making industry is looking more inevitable.
April 7- Sheridan Healthcare Inc, a physician services company, has hired banks for an initial public offering, which may raise between $400 million and $500 million, the Wall Street Journal reported, citing people familiar with the matter.
SAO PAULO, April 7- New York- based investment bank Greenhill& Co Inc on Monday said it hired former Goldman Sachs Group Inc dealmaker Rafael Pereira, expanding its mergers and acquisitions unit in Brazil. Prior to Goldman, where he covered the insurance, financial services, healthcare and technology sectors, Pereira was a banker at Credit Suisse Group AG.
NEW DELHI/ MUMBAI, April 8- From convincing sceptical bond investors that the fiscal deficit can be contained to concerns that El Nino will devastate agricultural crops, any new government in India will face urgent and critical challenges with no easy solutions.
*Deal will also let Energen fund Permian basin drilling. *Energen shares up as much as 4 pct, Laclede falls as much as 3 pct. April 7- Energen Corp will sell its 150- year old natural gas utility Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash, helping it repay debt and fund drilling for oil and gas in the Permian basin.
BRUSSELS, April 7- Thirteen investment banks, including Citigroup, Goldman Sachs and Deutsche Bank, will fight EU charges of blocking exchanges' access to the credit derivatives market at a hearing next month, three people familiar with the matter said on Monday.
Some of Monday's midday movers:
Happy Monday. Market advice: It looks like the mo-mos are no-nos.
ZURICH, April 7- Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York state's top financial regulator requested documents from the Swiss bank.
The Justice Department is nearing the end of an investigation into the role Credit Suisse played in hiding American wealth offshore, the NYT reports.
April 6- Benjamin Lawsky, New York's financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland's second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter.
ANALYSIS-DARK MARKETS MAY BE MORE HARMFUL THAN HIGH-FREQUENCY.