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Cohen sells USD800 million in blue-chip art amidst securities case against SAC Capital

Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.


Morgan Stanley, UBS and Goldman Sachs bankers form new advisory venture in London

A new financial advisory services firm in London had been formed by three former bankers who had successful careers in mergers and acquisitions.

Chegg IPO to raise USD172.50 million

Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.

"China's Craigslist" 58.com debuts on NYSE

Chinese online classifieds marketplace 58.com would be selling American Depository Shares (ADS) at USD17 apiece starting today on the New York Stock Exchange.


Latest News

ConocoPhillips sold various oil assets located in Northern America, Asia and Africa. A Reuters report said US oil company ConocoPhillips expected to receive USD8.
U.S. consumer confidence declined to its lowest, attributed to government shutdown. Consumer confidence in the U. S. declined for five weeks straight and has reached its lowest level, according to a Bloomberg report.
IBM offered the biggest sale in securities. International Business Machines Corp. (IBM), one of the world's largest computer-services providers, is marketing the biggest bond sale worth €2.
The outlook of the Greek economy showed promise as stocks receives attention. Analysts said Greek stocks are performing well and have beaten every market while recession eased, according to a report by Bloomberg.
Warren Buffett wants more liquidity in assets to have cash when there is fear in the market. Experts said that financial investor Warren Buffett is not investing his cash pile fast enough, according to a report by Bloomberg.
Energy Future Holdings Corp planned to pay its junior bondholders in coupons to stave off bankruptcy.
The solar industry has gained ground in stock exchanges for two consecutive years, outpacing tech companies.
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
The new manufacturing commitments for the US that would be announced by Wal-Mart and the US government were part of the retailer's USD50 billion investment pledge to the US economy.
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.