The Fed could surprise markets Wednesday, simply because of the wide divergence in Wall Street views about its next move.» Read More
Sept 17- Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.71. Citigroup Inc. rose$. 05 or. 1 percent, to $52.36. JPMorgan Chase rose$. 05 or. 1 percent, to $59.99.
Sept 16- Shares of Atlantic Power Corp fell by about a third on Tuesday after the struggling utility removed its chief executive and decided against selling itself.
Citigroup Inc. fell$. 13 or. 2 percent, to $52.18. Goldman Sachs rose$. 17 or. 1 percent, to $184.15. JPMorgan Chase rose$. 15 or. 3 percent, to $60.09.
*Size $500 mln; order book about $1.5 billion. DUBAI, Sept 16- Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in the Middle East and southeast Asia.
Bank of America Corp. rose$. 06 or. 4 percent, to $16.80. Citigroup Inc. fell$. 03 or. 1 percent, to $52.28. Goldman Sachs fell$. 47 or. 3 percent, to $183.52.
Sept 16- Struggling power producer Atlantic Power Corp asked its chief executive to leave and slashed its dividend by 70 percent after ending discussions about selling itself. Atlantic Power's U.S.-listed shares fell more than 20 percent premarket on Tuesday.
Hey, is that trader next to you is flashing a sell sign? Here's what you look for.
Bank of America Corp. fell$. 05 or. 3 percent, to $16.74. Citigroup Inc. fell$. 07 or. 1 percent, to $52.31. Goldman Sachs rose$. 81 or. 4 percent, to $183.98.
Bank of America Corp. fell$. 06 or. 3 percent, to $16.73. Citigroup Inc. fell$. 21 or. 4 percent, to $52.17. Goldman Sachs rose$. 11 or. 1 percent, to $183.28.
Bank of America Corp. rose$. 01 or. 1 percent, to $16.80. Citigroup Inc. fell$. 37 or. 7 percent, to $52.01. Goldman Sachs fell$. 53 or. 3 percent, to $182.65.
LONDON, Sept 15- It is ironic that the London Metal Exchange, which has taken so much flak over long waiting times to get metal out of some of its warehouses, is itself now forced to wait before it can start fixing the problems.
Cognizant is buying privately held health-care IT company Trizetto for $2.7 billion in cash, the company announced on Monday.
Sept 15- Cognizant Technology Solutions Corp struck its biggest deal on Monday, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion to beef up its slowing healthcare business. Shares of the company, which is buying TriZetto from London- based private equity firm Apax Partners LLP, rose nearly 3 percent in premarket trading.
Sept 15- Cognizant Technology Solutions Corp said it would buy healthcare IT services provider TriZetto Corp for $2.7 billion from private equity firm Apax Partners, its largest deal ever. Private equity firm Apax Partners LLP was exploring a sale of TriZetto, sources told Reuters in August.
WASHINGTON— Income inequality is taking a toll on state governments. "Rising income inequality is not just a social issue," said Gabriel Petek, the S&P credit analyst who wrote the report. Stagnant pay for most people has compounded the pressure on states to preserve funding for education, highways and social programs such as Medicaid.
SACRAMENTO, Calif.— Rising income inequality has led to slowing tax revenue growth in California, but the state has responded by increasing its top marginal tax rate, causing its growth rate to accelerate after 2009, according to a new study released Monday by credit rating agency Standard& Poor's.
*SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
Bank of America Corp. rose$. 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.