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Singapore Exchange to Buy ASX for $8.3 Billion

by | Oct 25, 2010 | Towing

Singapore Exchange agreed to buy Australian exchange ASX for A$8.4 billion ($8.3 billion).

The Singapore Exchange offer is worth A$48 per share of ASX, a 37% premium over the company’s closing price on Oct. 22, Bloomberg News reported. The two exchanges will be separate legal entities and subject to local regulation.

Retail Investors Are Finally Warming Up to Stocks

by | Oct 25, 2010 | Towing

Solid quarterly earnings and anticipation of more stimulus from the Fed have helped lift the Dow by 400 points over the past two weeks. However, another boost is coming from individuals who’ve begun moving money from bonds to e…

Week in Preview: The Earnings Crunch Continues

by | Oct 24, 2010 | Towing

Dozens of companies report earnings this week, and analysts surveyed by Thomson Reuters are anticipating lots of strong quarterly reports. Among those posting improved results should be Microsoft and Visa. However, likely to p…

Stocks Close Mixed on Earnings and G-20 Anxiety

by | Oct 22, 2010 | Towing

Stocks closed mixed Friday as another round of solid third-quarter earnings reports was checked by rising anxiety about the dollar. Despite the uncertainty, stocks pulled off their third straight week of gains.
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AIG Raises $17.8 Billion with Hong Kong IPO

by | Oct 22, 2010 | Towing

AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout.

AIG placed 7.03 billion shares at HK$19.68 a share, Bloomberg News said. The shares sold represent a 58% stake in the unit, AIA.

Singapore Exchange to Buy ASX for $8.3 Billion

Retail Investors Are Finally Warming Up to Stocks

Week in Preview: The Earnings Crunch Continues

Stocks Close Mixed on Earnings and G-20 Anxiety

AIG Raises $17.8 Billion with Hong Kong IPO

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