Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.
Sectors
Barracuda Networks files for IPO
On Tuesday, Barracuda Networks had filed for an initial public offering valued more than USD100 million, according to a regulatory filing.
Merck to cut 8,500 jobs
Merck & Co. decided to cut its annual spending by USD2.5 billion and eliminate more than 10% of its global workers.
JC Penney shareholder sues retailer over share sale
A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.
No signs to end US shutdown as it starts its first day
The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.
Latest News
Three of the top 20 investors in computer software company Microsoft had urged its board to push the firm's founding chairman Bill Gates to step down from office.
Burlington Stores announced today the price of its initial public offering of 13,333,333 shares of common stock valued USD17 per share piece.
Many CEOs said that the extended budget impasse on health care reform would only result in greater problems such as loss of economic gains from the 2008 financial crisis.
Empire State Realty Trust Inc. announced today pricing its initial public offering valued at USD13 per share piece.
Today, American Tower Corporation announced completed acquisition of MIP Tower Holdings LLC, the parent firm of Global Tower Partners.
Today, Dealertrack announced completing its acquisition of VINtek and Customer Focused Marketing Inc.
The state of Texas had dropped out of the lawsuit filed by the US Justice Department to block the US Airways-American Airlines merger, according to a Reuters report.
LIC lowered exposure in food conglomerate Britannia Industries. The Indian state-owned Life Insurance Corporation had decreased its shareholdings in Britannia Industries, the consumers conglomerate, by 2.
Vodafone formed a consortium with three Gulf telecommunications firms to activate a 1,400 fiber network in anticipation of the increased demand for broadband services in the region.
