IPO News
Private equity businesses outperform public-study
NEW YORK, July 8 (Reuters) - Private-equity owned businesses outperform publicly owned companies in terms of earnings and valuation, a study by accounting firm Ernst & Young said on Tuesday.
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UPDATE 4-IndyMac depositors pull cash as mortgage woes grow
Stock Buzz ) said on Tuesday depositors had been withdrawing cash at an "elevated" pace since a key U.S. senator questioned its ability to survive the housing crisis.
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Dollar rises on Bernanke comments
NEW YORK (Reuters) - The dollar rose on Tuesday as the Federal Reserve's willingness to keep its emergency lending facility open into 2009 for some Wall Street firms calmed fresh credit concerns and e...
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Australia refinery may shut on carbon scheme -paper
SYDNEY, July 9 (Reuters) - One of Australia's biggest oil refineries may be forced to close after the government introduces a carbon-emissions trading scheme, refinery operator ExxonMobil (XOM.N:
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Iberdrola Denies Merger Talks With Gas Natural, Others
In a filing to the Spanish stock market regulator, the company said it's "not negotiating any acquisition or integration deal with any company, nor is it holding any talks in that sense." It added t...
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Education & Adventure Travel Group bought by Credit Suisse division
By Ben Harrington The investment arm of Credit Suisse, one of Switzerland's most powerful banks, has snapped up the Education & Adventure Travel Group, which organises and manages school holidays for thousands of British schoolchildren. DLJ Merchant
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China Distance Education registers for IPO
All Associated Press news NEW YORK (AP) - China Distance Education Holdings Ltd., a provider of online education and test preparation courses, plans an initial public offering of American Depositary S...
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Wachovia Slashes Merrill Estimates, Predicts $5B Write-down
NEW YORK - Merrill Lynch & Co. will write-down $5 billion for the second quarter, an analyst for Wachovia Corp. said Tuesday. Wachovia Corp. analyst Doug Sipkin also slashed his second quarter estimate for the bank to a loss of $2.16 a share, from a
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Analyst: Merrill Charge Could Be Offset By Bloomberg Sale
NEW YORK - - Merrill Lynch & Co. could write-down as much as $5 billion for the second quarter, a charge which could be offset by the bank selling its stake in media company Bloomberg, said Deutsche Bank on Tuesday. Analyst Mike Mayo wrote in an investor
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Economy - Tuesday (Investor's Business Daily)
Investor's Business Daily - That was slightly better than Wall St. estimates, while April's rise in consumer credit outstanding was revised down to $7.8 bil. Credit card and other revolving debt grew by $5.7 bil after April's drop of $424 mil. Auto, boat and other nonrevolving loans rose $2.1 bil.
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Closing Glance: Investment Banks rise
NEW YORK Shares of investment banks rose Tuesday along with the broader market as Federal Reserve chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks to help improve liquidity in the credit markets. Here's a
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  • Washington Mutual Declines In Pre-Market After Reportedly Selecting TPG Over JP Morgan $7 Bln Offer

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  • Best Buy profit falls, still beats view (AP)

    A reserved parking sign is seen in the parking lot at a Best Buy store in Mountain View, Calif., in this Dec. 17, 2007 file photo.  Best Buy Co., the nation's largest consumer electronics retailer, on Wednesday, April 2, 2008 said its fourth-quarter earnings slipped 3 percent as customer traffic slowed after the holidays, but still beat Wall Street expectations. (AP Photo/Paul Sakuma, file)AP - Best Buy ended its year with a 3 percent drop in its fourth-quarter earnings as the nation's largest consumer electronics retailer suffered from a weaker economy.



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