CME poaches NYSE’s Amsterdam chief exec September 11, 2014 THE NEW York Stock Exchange’s Amsterdam arm lost its chief executive yesterday as rival CME Europe hired Cees Vermaas yesterday. CME has expanded aggressively in Europe in recent years and wants the industry heavyweight to help it keep on growing.
Alibaba IPO: Share price range increase as e-commerce firm nears listing September 15, 2014 Alibaba has raised the indicated price range for its shares which will sell on the New York Stock Exchange later this week. The Chinese e-commerce giant had expected to sell around 320.1m shares at a price between $60 and $66 each, yet in a filing with the Securities and Exchange Commission, the company announced [...]
Texas oil refinery giant swoops on Rocky Mountains pipeline October 20, 2014 TESORO Logistics made a push into the Rocky Mountains yesterday by clinching a deal to buy QEP Resource’s natural gas pipeline and processing unit in a $2.5bn (£1.5bn) all-cash takeover agreement. The business, which is a subsidiary of listed refinery operator Tesoro, will buy the pipelines and processing unit from QEP’s subsidiary QEP Field Services. [...]
Old Mutual gets low price for its US share sale October 9, 2014 OLD MUTUAL is set to raise $308m (£190m) from the initial sale of shares in its US asset management business, more than $20m less than it had hoped to raise in the offering. The shares were priced at $14, below the $15 to $17 range it had hoped to achieve for the 22m shares on offer. The [...]
Alibaba revenue rises 54 per cent in first quarterly results since IPO November 4, 2014 Alibaba’s first earnings report since its initial public offering (IPO) – the largest in history – was something of a mixed bag. While revenues beat analysts’ expectations, profits fell well below forecasts. Revenues came in at $2.74bn (£1.71bn) for the quarter ended 30 September 2014, beating an expected $2.61bn from analysts polled by Yahoo [...]
Chrysler shares slide after GM merger rebuke May 25, 2015 SHARES in Fiat Chrysler slipped yesterday after reports a potential merger with General Motors (GM) has been rebuffed. The news follows an article in the New York Times which suggested Fiat Chrysler chief executive Sergio Marchionne had proposed a deal with GM in March, only for his counterpart, Mary Barra to flat out refuse such [...]
Alibaba hikes price range September 15, 2014 CHINESE web giant Alibaba last night raised the indicated price range for the shares it is selling on the New York Stock Exchange later this week. The e-commerce firm had expected to sell around 320.1m shares at a price between $60 and $66 each, but in a filing with regulators, the company announced that it [...]
Wall St ends on quiet note – New York Report October 2, 2014 US STOCKS ended flat yesterday in a volatile session as energy stocks rebounded and investors bought beaten-down shares, especially small caps. The Dow Jones industrial average fell 3.66 points, or 0.02 per cent, to 16,801.05, the S&P 500 ended unchanged on 1,946.17 points and the Nasdaq Composite added 8.11 points, or 0.18 per cent, to [...]
Rakuten share price slumps again as $1.5bn share sale announced June 5, 2015 Shares in Japanese ecommerce giant Rakuten slumped for a second day on the Tokyo Stock Exchange after the company revealed a $1.5bn (£9.8m) share sale. Read more: Japans's ecommerce giant drives global rollout On Thursday Rakuten's share price tumbled over six per cent to its lowest level in two months following the announcement of the public [...]
Entertainment One rejects claim it will move listing to New York May 31, 2015 ENTERTAINMENT One, the media company that makes the popular children’s programme Peppa Pig, has denied rumours that it is looking to move its stock market listing across the Atlantic to New York. The company spoke up yesterday, after reports emerged that it was considering shifting the stock exchange on which it is listed from the [...]