A former senior managing director at Evercore charged on Friday with securities fraud and other violations, according to a court filing.» Read More
March 4- Investment banker Ken Moelis' boutique investment firm, Moelis& Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States.
According to the charges, Hixon, who worked in Evercore's mining and metals group, allegedly arranged trades in shares of Evercore as well as two other companies: Westway Group, which merged last year with EQT Infrastructure II, and Titanium Metals Corp, which was purchased last year by Precision Castparts Corp.
NEW YORK, Feb 21- A former senior managing director at Evercore Group was charged on Friday with securities fraud and other violations for setting up trades in accounts held by an ex-girlfriend and a close relative based on secret information he collected at work, according to a court filing.
JPMorgan Chase& Co, former top Morgan Stanley banker Paul Taubman and Barclays, which together advised Comcast, would split an estimated $51 million to $68 million in advisory fees if the proposed deal goes through, according to estimates by Freeman& Co LLC.
SAN FRANCISCO, Feb 12- Graphics chipmaker Nvidia Corp has halted plans to build a flashy new campus that could have rivaled the architectural ambitions of major Silicon Valley neighbors like Facebook Inc and Apple Inc.
SAN FRANCISCO, Feb 12- Nvidia Corp on Wednesday posted higher fourth-quarter revenue that beat expectations, fueled by the graphics chipmaker's PC gaming components, even as it grapples with an expansion beyond computers and into mobile devices. With the personal computer industry losing steam, Nvidia has expanded its graphics chips into mobile devices.
Taiwan's MediaTek Inc, the leading chip supplier for Chinese smartphones, is barreling into the U.S. market with a new major global branding campaign and setting up shop in San Diego, California, home to Qualcomm.
Majority owner Liberty Media last month offered to buy out Sirius XM's minority shareholders in a deal that could be worth more than $10 billion. An independent committee of three Sirius XM board members- Eddy Hartenstein, Joan Amble and James Holden- are evaluating the offer and are being advised by Evercore.
Sirius, controlled by John Malone's Liberty Media Corp, added 411,484 net self-pay subscribers in the fourth quarter, resulting in a record subscriber base of 21.1 million at the end of the year. Net income fell to $65.2 million, or 1 cent per share, in the quarter ended Dec. 31, from $156.2 million, or 2 cents per share, a year earlier.
Dow Jones' institutional revenue fell by $11 million in the three months ended Sept. 30, according to the fiscal first quarter results of parent News Corp, which did not provide the total figure. Figures for the December quarter have not been disclosed ahead of News Corp's results report on Thursday.
Jan 30- Viacom Inc said on Thursday it expects advertising revenue from its cable networks like MTV, Comedy Central and Nickelodeon to improve this quarter, sending shares up 2.4 percent. Viacom is the first of the big media conglomerates to shed light on the U.S. advertising environment this year.
NEW YORK, Jan 27- Genstar Capital LLC is exploring a sale of TravelClick Inc, a provider of online reservation systems to the hotel industry that could be valued at more than $800 million, according to four people familiar with the matter. San Francisco- based private equity firm Genstar has asked Evercore Partners Inc to run an auction.
Jan 24- Shares in State Street Corp fell on Friday after the world's second-largest standalone custody bank reported operating results below expectations and said it could face rising regulatory costs.
Shares of the company, whose processors are used in Microsoft Corp's and Sony Corp's latest game consoles, were down about 11 percent after the bell. AMD has long competed against larger rival Intel Corp to supply chips for PCs, but as consumers buy fewer laptops and desktops, the company is looking at gaming consoles to drive revenue growth.
SAN FRANCISCO, Jan 16- Intel Corp's earnings missed expectations by a penny in the fourth quarter due to weak spending on servers, and the chipmaker gave a lukewarm forecast for first-quarter revenue that did little to dispel concerns about a slowing PC industry.
LOS ANGELES, Jan 15- Shares of video streaming service Netflix Inc fell more than 1 percent on Wednesday, a day after a U.S. court decision that could let broadband providers charge companies for faster access to content delivered over the Internet. The decision appeared to pressure Netflix stock, Standard& Poor's equity analyst Tuna Amobi said.
NEW YORK, Jan 13- The U.S. dollar dropped to its lowest level in four weeks against the yen and Treasuries prices rose on Monday, extending Friday's rally as investors reduced bullish expectations for economic growth after the weak December jobs report. The dollar hit a six-week trough against the yen, falling to 102.97, its lowest level since Dec. 18.
NEW YORK, Jan 13- A measure of world stock markets reversed early gains to trade slightly lower on Monday, weighed by a decline in U.S. stocks, while the dollar and bond yields fell as last week's surprisingly weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.
*Merck up after FDA review, strategic options plans. "People are sitting on their hands, waiting for major results to figure out how strong this season may be," said Douglas DePietro, managing director at Evercore Partners in New York. DePietro was looking forward to results from JPMorgan Chase& Co and Wells Fargo& Co, both slated to report on Tuesday.
*Merck up after FDA review, strategic options plans. *Suntory Holdings to acquire Beam for $83.50 per share. "People are sitting on their hands, waiting for major results to figure out how strong this season may be," said Douglas DePietro, managing director at Evercore Partners in New York.