The S&P continues to soar, but a Nobel warns of a bubble and 'the smartest guys in the room' get plenty wrong: This week's market winners and losers.» Read More
*Blackstone not selling shares; to retain 76.2 pct stake. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion in the biggest-ever hotel IPO, more than doubling Blackstone Group's investment. Blackstone has invested about $6.8 billion in Hilton and its 76.2 percent stake after the IPO will be worth up to $15.7 billion.
*Retailers down; Tesco, Debenhams fall after downgrades. LONDON, Dec 2- European shares edged lower on Monday as German steelmaker ThyssenKrupp plummeted after failing to find a buyer for its problematic Brazilian mill and British retailers were hit by margin worries.
*Gabon debt seen less attractive than Nigeria, Angola. JOHANNESBURG, Dec 2- Gabon plans to raise at least $500 million via a new 10- year Eurobond to fund infrastructure investment and will buy back up to $140 million of its 2017 Eurobond, according to a preliminary prospectus seen by Reuters.
Hilton said its IPO would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
*Deutsche, Goldman Sachs, BofA and Morgan Stanley lead underwriters. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
Dec 2- Hotel operator Hilton Worldwide Inc, controlled by private equity firm Blackstone Group LP, said its initial public offering would raise up to $2.37 billion, valuing the company at about $20.7 billion.
*Retailers down; Tesco, Debenhams fall after downgrades. LONDON, Dec 2- Retailers led European shares lower around midday on Monday, as downgrades and bearish broker comment hit the likes of Tesco and Debenhams, while Spanish utilities were also under pressure on concerns over future sector reform.
*ThyssenKrupp falls after asset sale, capital raise. Spain's IBEX hit a session low after data showed the country's manufacturing sector contracted in November for first time since July, suggesting that the recent recovery in Europe's economy remains tepid. "Spain's PMI data is surprisingly disappointing.
HONG KONG, Dec 2- A recruitment firm looking to track down Asia's most highly prized investment bankers would normally begin searching in their natural habitat- Hong Kong.
NEW YORK/ LONDON, Nov 29- Gold rose on Friday as the dollar declined but made its biggest monthly drop in five months on signs that recovery in the U.S. economy could lead to the curbing of easy central bank money.
LONDON, Nov 29- More than 3,500 bankers in Europe earned 1 million euros or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.
*Analysts forecast Q3 UK underlying sales down 1-2 pct. Tesco, which trails France's Carrefour and U.S. number one Wal-Mart in global sales, has spent more than 1 billion pounds on store revamps, more staff, new product ranges and pricing initiatives in Britain.
LONDON, Nov 29- More than 3,500 bankers in Europe earned 1 million euros or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country. The latest data from the European Banking Authority shows that 3,529 bankers in the EU earned at least 1 million euros in 2012, up 11 percent in 2011..
*Populous, resource-rich Iran could be lucrative market. *German exports to a post-sanction Iran could hit 5 bln euros.
LONDON, Nov 28- In the 1990 s, London- based investment banks rewarded top employees with gold bars, fine wine and oriental carpets to dent the impact of higher payroll taxes.
Nov 27- Solid-state hard drive maker OCZ Technology Group Inc said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding. OCZ, which has a market capitalization of $43 million, said it had "substantially completed" negotiations with Toshiba on an asset purchase agreement.
U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble.
Juergen Fitschen, co-CEO of Deutsche Bank, tells CNBC that the ECB should not implement negative rates and that banks should be penalized if they do not lend enough.
Charter Communications is nearing an agreement with banks to raise funds for a bid for Time Warner Cable, according to a report.
According to an internal memo, Forbes Media is exploring a sale, reports CNBC's Julia Boorstin.