Deutsche Bank's bid to revive its American wealth management unit is off to a rocky start.» Read More
Container Store's shares, which had been priced at $18, opened at $35 and touched a high of $36.55, valuing the company at about $1.7 billion. Container Store, established in Dallas in 1978, operates 62 stores in 22 states and the District of Columbia.
Shares of Container Store Group doubled in its market debut on the NYSE, after pricing at $18 a share, valuing the company at about $1.63 billion.
Nov 1- Bruker Corp, a maker of scientific instruments, cut its full-year forecast after reporting lower-than-expected quarterly results, partly due to weak demand from microelectronics customers. Bruker also said it would cut 150 jobs in its X-ray instruments business. Bruker lowered its full-year earnings forecast to 72- 76 cents per share from 80- 83 cents.
Nov 1- Shares of Container Store Group Inc, which sells products ranging from laundry baskets to luggage, doubled in their market debut, valuing the company at about $1.63 billion. Container Store's shares opened at $35 and touched a high of $35.87 on the New York Stock Exchange on Friday.
*Third-quarter earnings $1.74/ share vs est. Oct 31- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would miss its full-year profit forecast, mainly due to subscriber losses in Mexico and higher investments in its 4 G network.
Mary Mack, Wells Fargo, discusses the state of the retail investor, how she plans to grow the business and the most "underrepresented class" in the investor base, reports CNBC's Kayla Tausche.
Oct 31- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it will miss its full-year adjusted operating profit forecast, largely due to subscribers losses and higher investments.
A onetime engineer who earned his law degree at night has been behind the government’s campaign to punish Wall Street for the financial crisis.
The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks.
NEW YORK/ WASHINGTON, Oct 28- The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis.
Carl Icahn, having seen David Einhorn's agitation result in Apple issuing a US $17 bn bond in April to pay for part of a US $100 bn shareholder capital return program, said he had increased his stake in the company- and repeated calls for the tech giant to make an additional US $150 bn worth of share buybacks.
Oct 25- Newell Rubbermaid Inc topped Wall Street's profit estimates for the third quarter on tight cost controls and strength in Latin America, and offered more cash to shareholders through a $350 million accelerated share repurchase plan, sending its shares up 2 percent at the open of trading on Friday.
Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,000 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.
Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,200 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.
Pinterest worth near-$4 billion, without a dollar of revenue to speak of, while Amazon posts another profitless quarter, and Wall Street loves it.
Google is now the most widely held stop among equity mutual funds, passing Apple to take the top spot, according to research from Morningstar.
Private equity has proven to be the best asset class for public pensions. Just don't expect to reap the same benefits in your retirement portfolio.
Oct 24- Bank of America Corp said on Thursday that it was cutting 1,200 to 1,300 mortgage jobs because of declines in refinancing activity and an improvement in its portfolio of delinquent home loans. The newspaper also said Bank of America was looking to cut 3,000 mortgage jobs by the end of the year.
The Fed proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive during a severe downturn.
Oct 24- Bank of America Corp is looking to cut 3,000 mortgage jobs before the end of the year to cope with declines in refinancing and in its portfolio of delinquent home loans, according to the Wall Street Journal. A Bank of America spokesman did not immediately respond to a request for comment.