The dollar rose against a basket of major currencies on Friday as investors bet U.S. interest rates would rise more quickly than expected.» Read More
Bank of America Corp. rose$. 03 or. 2 percent, to $17.07. Citigroup Inc. fell$. 06 or. 1 percent, to $53.60. Goldman Sachs fell$. 48 or. 3 percent, to $187.41.
TOKYO, Sept 19- Japanese stocks extended gains to an 8-1/ 2 month high on Friday after the yen dropped to a six-year low, underpinned by the Federal Reserve's policy outlook, and after the first result in the Scottish independence vote went to the unioninst camp.
Bank of America Corp. rose$. 27 or 1.6 percent, to $17.04. Citigroup Inc. rose $1.27 or 2.4 percent, to $53.66. Goldman Sachs rose $3.07 or 1.7 percent, to $187.89.
Sept 18- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.
Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
NEW YORK, Sept 18- U.S. fund managers are finding a lot to like about finger-painting and naptime. Fund ownership of Bright Horizons Family Solutions Inc, the only publicly traded daycare company in the United States, swelled 21 percent in the most recently reported quarter according to fund tracker Morningstar.
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Bank of America Corp. rose$. 35 or 2.1 percent, to $17.12. Morgan Stanley rose$. 61 or 1.7 percent, to $36.17. US Bank rose$. 35 or. 8 percent, to $43.04.
LONDON, Sept 18- Investors are starting to price the risk of Russia's credit rating falling to junk if Western sanctions and Moscow's response plunge the economy into recession and deplete its $450 billion reserves. Moody's, which rates Russia Baa1 or three notches above junk, said this week that the latest sanctions were credit negative.
BEIJING/ SHANGHAI, Sept 18- Worries that China's economy may be slowing further intensified on Thursday as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to stimulate activity.
Bank of America Corp. rose$. 06 or. 4 percent, to $16.77. JPMorgan Chase rose$. 32 or. 5 percent, to $60.31. US Bank rose$. 32 or. 8 percent, to $42.69.
NEW YORK, Sept 17- JPMorgan Chase& Co is replacing some credit and debit cards following the security breach at Home Depot Inc, a company spokesman said. JPMorgan spokesman Paul Hartwick could not immediately say how many cards are likely to be replaced.
In a speech before New York University School of Law, Holder made some of his most extensive comments yet on how the department might better prosecute white-collar crime, proposing larger rewards for Wall Street whistleblowers and more FBI agents with forensic accounting expertise.
NEW YORK, Sept 17- JPMorgan Chase& Co is replacing some credit and debit cards following the security breach at Home Depot Inc, according to a company spokesman. JPMorgan spokesman Paul Hartwick could not immediately say how many cards are likely to be replaced.
WASHINGTON— The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report crime.
Citigroup Inc. rose$. 10 or. 2 percent, to $52.46. Goldman Sachs rose$. 33 or. 2 percent, to $184.37. JPMorgan Chase rose$. 04 or. 1 percent, to $60.03.
Bank of America Corp. rose$. 08 or. 5 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.51. Goldman Sachs rose$. 45 or. 2 percent, to $184.49.
South Africa's richest man Johann Rupert has a track record of leading Swiss-based Richemont through difficult times and his comeback at the company's annual general meeting in Geneva provided some comfort for investors.
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.
Luxury watch makers are grappling with political instability in Hong Kong, the leading market for Swiss watches, and weak demand in China, where the government's fight against illegitimate gifting has hurt sales of expensive timepieces.