Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.» Read More
The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.
NEW YORK/ HAMBURG, April 14- Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems.
MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, which would make it the first Russian company to heed a call by officials to bring assets home to survive Western sanctions.
MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.
*Investors to get 0.8 Sun Pharma share per Ranbaxy share.
NEW YORK, April 3- Boeing Inc is considering buying Mercury Systems Inc, a supplier of digital signal and image processing systems to the aerospace and defense industry, according to two people familiar with the matter.
NEW YORK, April 2- A former investment banker at Evercore Group pleaded guilty on Wednesday to criminal charges that he engaged in insider trading and used proceeds to pay a one-time mistress to support their child.
March 27- Accenture Plc warned that weakness in its consulting business that hurt second-quarter results would carry on though the year, sending its shares down as much as 8 percent. Accenture raised its full-year profit forecast and the lower end of its revenue forecast.
LOS ANGELES, March 20- Young actors Shailene Woodley and Theo James arrived on the Hollywood set of the "Jimmy Kimmel Live" TV talk show by sliding above a cheering crowd while harnessed to a zip line, a dramatic entrance to spark interest in "Divergent," the movie Lions Gate Entertainment Corp hopes to make its next hit franchise.
NEW YORK, March 18- New York state's attorney general on Tuesday said U.S. stock exchanges and alternative trading platforms provide high-frequency traders with unfair technological advantages that give them early access to key data.
SAO PAULO, March 11- Moelis& Co LLC, the financial firm founded by banker Ken Moelis, opened an office in Brazil on Tuesday, the latest move by an independent investment bank into the merger and acquisitions business in Latin America's biggest economy.
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.