U.S. stocks declined on Thursday, after the S&P 500 came less than four points from its record close.» Read More
LONDON, March 14- Britain will sell slightly fewer government bonds in its coming fiscal year as stronger economic growth and better public finances reduce its borrowing needs, a Reuters survey showed on Friday.
March 14- Shares of healthcare information provider Castlight Health Inc rose more than 160 percent in their debut, making the listing the strongest by a technology company so far this year. Castlight's shares opened at $37.50 and touched a high of $41.95 on the New York Stock Exchange, valuing the company at about $3.63 billion.
Bank of America Corp. fell$. 06 or. 3 percent, to $17.10. Citigroup Inc. rose$. 17 or. 4 percent, to $47.50. Goldman Sachs fell$. 16 or. 1 percent, to $166.54.
Shares of Castlight Health, a healthcare information provider, more than doubled in their market debut on Friday.
SEVASTOPOL/DONETSK, Ukraine, March 14- The CEOs of Russia's two largest firms are on a list of those who may be hit next week with European and U.S. sanctions over the Crimea crisis, a German newspaper said on Friday, suggesting tougher than expected measures against Russia's elite.
SEVASTOPOL/DONETSK, Ukraine, March 14- Russia shipped more troops and armour into Crimea on Friday and repeated its threat to invade other parts of Ukraine, showing no sign of listening to Western pleas to back off from the worst confrontation since the Cold War.
March 13- Castlight Health Inc's initial public offering was priced at $16 per Class B share, slightly above the company's expected range, an underwriter told Reuters. Castlight Health raised about $178 million after it sold all 11.1 million shares offered.
Bank of America Corp. fell$. 12 or. 7 percent, to $17.16. Citigroup Inc. fell$. 65 or 1.4 percent, to $47.33. Goldman Sachs fell $3.02 or 1.8 percent, to $166.70.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. *Unit seeks $20 bln to $25 bln valuation- Bloomberg. GE will look to raise as much as $3.5 billion from the IPO and seek a valuation of $20 billion to $25 billion for the unit, Bloomberg reported, citing people with knowledge of the matter.
LONDON, March 13- Capital flight from Russia has risen sharply since the start of this year to $45- $50 billion, Goldman Sachs said on Thursday, predicting full-year outflows could be as much as $130 billion, or double 2013 levels.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. March 13- General Electric Co's credit card unit filed for an initial public offering, the first step in the conglomerate's planned exit from the retail finance business.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. Synchrony Financial filed a $100 million placeholder with the U.S. Securities and Exchange Commission on Thursday and GE said it expects to complete the IPO later this year. Goldman Sachs& Co, JP Morgan, Citigroup and Morgan Stanley are lead underwriters for the IPO, according to the filing.
March 13- General Electric Co's North American retail finance business filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock. The business will operate under a new name, Synchrony Financial, GE said in a statement.
COPENHAGEN, March 13- Shares in Danish outsourcing company ISS jumped by more than 15 percent from the offer price after they returned to the Copenhagen stock market on Thursday.
Bank of America Corp. rose$. 01 or. 1 percent, to $17.28. Citigroup Inc. fell$. 45 or. 9 percent, to $47.98. Goldman Sachs fell$. 17 or. 1 percent, to $169.72.
NEW YORK, March 12- Over the next decade, Wall Street banks will cut in half the proportion of support staff they have in pricey cities like New York and London and shift those workers to less expensive cities in the developing world, according to a projection by consulting firm Johnson Associates Inc..
SAO PAULO, March 12- The hiring of three top bankers of BR Partners Banco do Investimento SA by New York- based Moelis& Co LLC was "improper and unethical," Ricardo Lacerda, chief executive officer of the Brazilian investment bank, said on Wednesday, adding that BR Partners is considering possible action.
Bank of America Corp. rose$. 03 or. 2 percent, to $17.30. Citigroup Inc. fell$. 47 or 1.0 percent, to $47.96. Goldman Sachs fell$. 12 or. 1 percent, to $169.77.
District Judge Katherine Forrest in Manhattan came in one of the highest-profile cases brought by the U.S. Securities and Exchange Commission in response to the events leading up to the 2008 financial crisis. The SEC had sought to recoup $1.15 million from Tourre, including a $910,000 fine plus ill-gotten gains and interest.
A U.S. judge ordered former trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors.