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 …
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…
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 staf…
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 oblig…
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…