AbbVie is reconsidering its takeover of Shire, putting it on track to become the biggest deal to be torpedoed by a crackdown on tax inversions.» Read More
LONDON, Sept 24- Gold edged lower on Wednesday as the dollar climbed to levels not seen in four years and global shares rebounded, while investors remained cautious ahead of U.S. economic data due later in the week. Spot gold, stronger initially, fell to a session low of $1,216.55 an ounce before trading down 0.2 percent at $1,220.25 an ounce by 1451 GMT.
The company raised about $161.4 million after its offering was priced at $12 per share, the low end of its expected price range of $12- $14. Smart and Final, backed by private equity firm Ares Management LP, is selling all the 13.45 million shares in the offering. Ares Management bought Smart and Final from Apollo Global Management LLC in 2012 for $975 million.
Sept 24- Shares of Smart& Final Stores Inc rose about 11.6 percent in their debut, valuing the century-old food retailer at $951.44 million. Smart& Final raised about $161.4 million, after its offering was priced at $12 per share, the low-end of its expected price range of $12- $14.
*Raiffeisen Bank tumbles after warning on Ukraine, Hungary. Austria's Raiffeisen Bank International, down 10 percent, led the declines on the FTSEurofirst 300 index. The bank said it might lose as much as 500 million euros this year because of problems in Ukraine and Hungary.
LONDON, Sept 23- Recent stirrings of long-dormant financial market volatility have come in the nick of time for an industry that has been bleeding revenue and jobs for years, even though bankers doubt the secular downsizing of the trading world can be reversed.
*Raiffeisen Bank tumbles after warning on Ukraine, Hungary. Shares in Austria's Raiffeisen Bank International, down 8.8 percent, were the biggest faller in the FTSEurofirst 300 index, after the lender said it could lose as much as 500 million euros this year because of problems in Ukraine and Hungary.
Sept 23- OM Asset Management Ltd, a unit of Anglo-South African financial group Old Mutual Plc, is expected to raise about $374 million in its initial public offering.
Sept 22- Philadelphia Energy Solutions, a joint venture part owned by Carlyle Group LP, disclosed plans on Monday to sell shares in an oil rail unloading system it built at the 335,000 barrel-per-day Philadelphia refinery it took over two years ago.
HONG KONG, Sept 22- Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
TORONTO, Sept 19- Canadian pipeline operator TransCanada Corp said on Friday its current corporate structure, asset base and financial strength are critical to its ability to maneuver and deliver on its growth strategy.
NEW YORK, Sept 19- Though diet studies disagree about what's worse for you, carbohydrates or fat, most say nice things about eating protein, including its potential for better weight control. In July, Taco Bell started selling high-protein meals, which contain Greek yogurt options and twice the meat as in its traditional burritos and bowls.
Sept 18- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.
Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
LONDON, Sept 18- Sterling rose on Thursday, hitting a two-year peak against the euro and a near two-week high against the dollar on growing expectations that Scotland will vote to stay within the United Kingdom. Thursday's vote on whether Scotland will opt for independence or not closes at 10 p.m. and the first trends are likely to come out a few hours after that.
*SNB keeps franc cap, rates on hold. ZURICH, Sept 18- The Swiss National Bank toughened its stance on Thursday on defending a cap on the franc which has come under pressure from recent appreciation in the currency, but stopped short of announcing further measures for now.
Sept 18- Vivint Solar Inc, a residential solar panel installer backed by Blackstone Group LP, is expected to raise up to $371 million in its initial public offering. Provo, Utah based-Vivint Solar was launched in 2011 and has become the second-largest installer of residential solar panels in the United States after SolarCity Corp..
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.
LONDON, Sept 17- London's trading rooms are gearing up for an extra long shift to cover Scotland's independence referendum and drafting in extra staff, anticipating a surge in activity when the result comes through early on Friday.
The Federal Reserve has asked Credit Suisse to address problems relating to the bank's underwriting and sale of leveraged loans.