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LinkedIn, a social network service that connects business people to one another, doesn’t have the brand name, dazzle, or appeal of Facebook or Groupon. But that may not stop it from an initial public offering this year.

Reuters, quoting unidentified sources, reports that LinkedIn has hired Morgan Stanley (MS), Bank of America (BAC), and JPMorgan (JPM) to handle the underwriting duties for an IPO….

Continue reading Is LinkedIn Planning an IPO This Year?

Is LinkedIn Planning an IPO This Year? originally appeared on DailyFinance on Thu, 06 Jan 2011 06:30:00.

Filed Under: Company News, JP Morgan Chase, Morgan Stanley , Bank of America, Facebook

It’s still hard to diagnose how the overall economy will fare in 2011. But the signs for at least one area all seem to be pointing up: car sales. Analysts predict the number of vehicles sold next year will rise 10% to 23% above that of 2010.

Continue reading Why U.S. Auto Sales Should Speed Up in 2011

Why U.S. Auto Sales Should Speed Up in 2011 originally appeared on DailyFinance on Fri, 31 Dec 2010 06:30:00.

Filed Under: Economy, Morgan Stanley , General Motors, Credit, Autos

Morgan Stanley is reportedly planning to pay out 10% to 25% less in bonuses this year to its employees, an effort to cut costs as it deals with volatile market conditions. The cuts are slated to affect traders, back-office staff and other employee groups, but perhaps not unusually strong performers.

Continue reading Morgan Stanley to Trim 2010 Bonus Pool by 10% to 25%

Morgan Stanley to Trim 2010 Bonus Pool by 10% to 25% originally appeared on DailyFinance on Thu, 09 Dec 2010 10:45:00.

Filed Under: Company News, Investing, Morgan Stanley , Stocks in the News, Market News

Regulators are in talks with several major banks to settle a number of investigations of their sales of mortgage-bonds, The Wall Street Journal reported.

The probe focused on the sale of pools of mortgages and other loans as collateralized debt obligations, or CDOs, to investors, The Wall Street Journal reported without naming its sources. The investigation involves banks including Citigroup Inc….

Continue reading SEC in Talks to Settle Mortgage-Bond Probe

SEC in Talks to Settle Mortgage-Bond Probe originally appeared on DailyFinance on Thu, 02 Dec 2010 08:23:00.

Filed Under: Company News, JP Morgan Chase, Goldman Sachs , Morgan Stanley , Citigroup, Credit, Market News

Glencore International AG, the world’s largest commodity trader, is considering a $10 billion IPO.

The IPO would be done in London and potentially Hong Kong in the second quarter of 2011, Bloomberg News reported without naming its sources.

Glencore, which is based in Switzerland, would use the proceeds to pay current investors, upgrade plans and acquire assets.

The company is already in talks…

Continue reading Glencore International Considering $10 Billion IPO

Glencore International Considering $10 Billion IPO originally appeared on DailyFinance on Thu, 18 Nov 2010 07:52:00.

Filed Under: Company News, Morgan Stanley , Citigroup, Stocks in the News, Market News