Glencore International Considering $10 Billion IPO

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.

Glencor…

When It Comes to Stock Picking, Goldman Sachs Is Tops

Everybody’s favorite firm to hate — Goldman Sachs — really is the smartest money on Wall Street, at least according to Bloomberg Markets’ top 10 ranking of the “World’s Best Financial Stock Pickers.”
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UBS, Credit Suisse Face Tougher Swiss Capital Rules

UBS and Credit Suisse Group will have to almost double their capital holdings because Switzerland has set out to further tighten the reins on its megabanks, requiring them to hold capital well in excess of the new Basel III rul…

Ford Earnings Likely to Weaken in 2011 on Higher Costs

Ford earnings are expected to be weaker next year due to higher costs for pensions and materials, according to a research note released Wednesday by Credit Suisse Securities. Forecasts call for pretax income from Ford’s North A…