The "Fast Money" traders share their final trades of the day.» Read More
*SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
Bank of America Corp. rose$. 22 or 1.3 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.38. Goldman Sachs rose $2.17 or 1.2 percent, to $183.17.
Goldman Sachs and Credit Suisse are the lead underwriters for the IPO, the New Jersey- based company said in a filing with the U.S. Securities and Exchange Commission on Friday. Freshpet's filing listed private equity firm MidOcean Partners LP and Tyson Foods Inc, the largest U.S. meat processor, as investors.
WASHINGTON— British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.. The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with HSBC.
NEW YORK, Sept 12- HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.
Bank of America Corp. rose$. 12 or. 7 percent, to $16.69. Citigroup Inc. rose$. 02 or percent, to $52.25. Goldman Sachs rose $1.85 or 1.0 percent, to $182.85.
WASHINGTON, Sept 12- U.S. retail sales rose broadly in August and consumer sentiment hit a 14- month high in September, supporting expectations for sturdy economic growth in the third quarter.
Bank of America Corp. rose$. 10 or. 6 percent, to $16.67. Citigroup Inc. rose$. 26 or. 5 percent, to $52.49. Goldman Sachs rose $1.10 or. 6 percent, to $182.10.
NEW YORK, Sept 12- Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume. Shares of Hertz gained 4.6 percent to $29.03 a day after billionaire investor Carl Icahn won three board seats at the car renter.
Sept 12- The U.S. Treasury Department is monitoring banks that are shifting some of their trading operations overseas to avoid tough swaps rules in the country, the Wall Street Journal reported, citing a source from the department.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.57. Citigroup Inc. rose$. 40 or. 8 percent, to $52.23. Morgan Stanley rose$. 40 or 1.2 percent, to $34.73.
NEW YORK— Your stock-fund manager wishes you'd buy more fun things. Most mutual funds are failing to keep up with broad market indexes again.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.52. Citigroup Inc. rose$. 20 or. 4 percent, to $52.03. Goldman Sachs rose$. 86 or. 5 percent, to $180.73.
The "Fast Money" traders share their final trades of the day.
NEW YORK, Sept 11- Verizon Communications Inc plans to launch an Internet-based television service in the first half of next year, its chief executive said on Thursday, in a move intended to shake up traditional cable and satellite TV services. In January, Verizon bought an Intel Corp venture to create a web-based TV service.
The hedge fund community appears to be salivating over Alibaba, with interest from Leon Cooperman, Dan Loeb and other major players.
Sept 11- Verizon Communications Inc Chief Executive Lowell McAdam said on Thursday that the telecoms company would be open to selling some of its towers if the price was right.
Bank of America Corp. rose$. 17 or 1.0 percent, to $16.53. Citigroup Inc. rose$. 27 or. 5 percent, to $52.10. Goldman Sachs rose$. 54 or. 3 percent, to $180.41.
NEW YORK, Sept 11- Verizon Communications Inc Chief Executive Lowell McAdam said on Thursday that the telecoms company would open to selling some of its towers if the price was right.
JDS Uniphase, a network gear maker, will split its company into two following pressure from hedge fund Sandell Asset Management.