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.
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Continue reading Singapore Exchange to Buy ASX for $8.3 Billion
Singapore Exchange to Buy ASX for $8.3 Billion originally appeared on DailyFinance on Mon, 25 Oct 2010 08:15:00.
Filed Under: Company News, Technology, Investing, Stocks in the News, Market News
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…
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.
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AIG’s CEO Robert Benmosche has said that selling the shares will help put the company…
Continue reading AIG Raises $17.8 Billion with Hong Kong IPO
AIG Raises $17.8 Billion with Hong Kong IPO originally appeared on DailyFinance on Fri, 22 Oct 2010 06:39:00.
Filed Under: Company News, Investing, American International Group, Taxes, Insurance, Market News
by | Oct 20, 2010 | Towing
United Parcel Service, the world’s largest package delivery company, is expected to report sharply higher third-quarter profit on strong revenue growth when it reports before Thursday’s opening bell.
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by | Oct 20, 2010 | Towing
The world’s biggest brokerage posted a third-quarter net loss, hurt by special charges and declines in sales and trading activity in a low-volume market. On an adjusted basis, Morgan missed Wall Street’s forecast.
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