European shares were mixed in morning trade, failing to continue a rally on Wall Street after accommodative comments from U.S. Federal Reserve Chair Janet Yellen.» Read More
April 11- Vornado Realty Trust, the owner of office buildings and retail properties chiefly in New York and Washington, said it would spin off its shopping center business into a publicly traded real estate investment trust. The company also named Jeffrey Olson, currently chief executive of Equity One Inc, as CEO of the to be separated business.
Bank of America Corp. fell$. 14 or. 9 percent, to $15.98. Citigroup Inc. fell$. 34 or. 7 percent, to $45.89. Goldman Sachs fell $2.52 or 1.6 percent, to $153.46.
April 11- JPMorgan Chase& Co posted far weaker-than-expected quarterly profit as uncertainty about the U.S economy weighed on investor trading volumes and consumer borrowing. JPMorgan's bond trading revenue plunged 21 percent, and mortgage lending revenue fell 84 percent from the same quarter last year.
TOKYO, April 11- A group of investors have offered to take over the assets of Mt. The offer, filed with the Tokyo District Court last month, marks the first time that anyone has submitted a proposal to sponsor the rehabilitation of Mt.
Activist investor Carl Icahn and eBay chief executive John Donahoe named a banker at JPMorgan Chase, as the one who ended their ugly battle.
April 10- Shares of auto-lender Ally Financial Inc fell as much as 4.1 percent in their market debut on Thursday, taking the shine off the biggest U.S. initial public offering so far this year as investor appetite for big stock offerings shows signs of waning.
It's Talking Squawk, the official "Squawk Box" blog, this week with Bill Miller on bitcoin, a truce between eBay and Carl Icahn, and Sam Zell on taxes.
Op-ed: When activist investors like Carl Icahn push a company to spend their cash or make board changes, there's a question they should ask first.
Investment banks have attempted to cut pressure on junior analysts, but the more things change, the more they remain the same. The NYT reports.
Auto-lender Ally Financial's debut didn't receive a kind welcome from the market.
April 10- Shares of auto-lender Ally Financial Inc fell as much as 3 percent in their market debut on Thursday, taking the shine off the biggest U.S. Treasury, which sold 95 million shares at $25 each, the low end of the expected price range of $25- $28.
Bank of America Corp. fell$. 14 or. 8 percent, to $16.48. Citigroup Inc. fell$. 07 or. 1 percent, to $47.09. Goldman Sachs fell$. 09 or. 1 percent, to $158.07.
Goldman Sachs& Co, Morgan Stanley and Credit Suisse are the lead underwriters for the IPO, Zendesk said in a filing with the U.S. Securities and Exchange Commission. Charles River Ventures, an early investor in Twitter Inc, is Zendesk's biggest shareholder with a 24.5 percent stake, followed by Benchmark Capital Partners LP that has an 18.7 percent stake.
April 10- Shares of bailed out auto-lender Ally Financial Inc fell 3 percent in their market debut, valuing the company at about $11.7 billion in the biggest U.S. Detroit- based Ally's shares were trading at $24.25 shortly after the opening on the New York Stock Exchange.
FRANKFURT, April 10- Koch Industries and Goldman Sachs's private equity arm are acquiring the world's leading maker of printing-inks Flint from buyout group CVC, the four companies said in a joint statement on Thursday.
April 10- Cloud-based software maker Zendesk Inc filed with U.S. regulators on Thursday for an initial public offering of up to $150 million. Goldman Sachs& Co, Morgan Stanley and Credit Suisse are the lead underwriters for the IPO, Zendesk said in a filing to the U.S. Securities and Exchange Commission.
A herd mentality has investors focused only on top-performing mega-sized mutual funds and ETFs. Believe it or not, that's not always a good thing.
The Fed's drive to wean Wall Street off risky funding sources is expected to bring more pain to the biggest U.S. banks in the coming months.
LONDON, April 10- A Deutsche Bank employee responsible for its foreign exchange business with central banks was suspended because the bank identified potentially inappropriate communication with the Monetary Authority of Singapore, a source familiar with the matter said on Thursday.
*Toyota falters on recall of vehicles, BoFA Merrill cuts rating. Federal Reserve eased worries over the timing of rate hikes, though Toyota Motor extended losses as investors punished it for its latest global recall of vehicles.