BlackRock, in a bid to lower trading costs as well as attract more investors, is setting up the first European ETF.
Finance/Venture
New York's Baseball Teams Bonds Climbing in Value
The Yankees and the Mets, both New York MLB teams are climbing in value in the bond market. (Photo : Reuters)The image is the corporate logo of Major League Baseball.
Fiat and Chrysler To Refinance Loans Before Deal Engagement
Fiat launched the first part of the three-part financing deal to refinance current loans of Fiat and Chrysler prior to engaging a deal to buy out the rest of Chrysler.
American Homes 4 Rent Files US$1.25 Billion IPO
Real estate investment trust fund, American Homes 4 Rent files US$1.25 Billion IPO for its Class A shares.
GE, Rockwell and Thales Drawn to Takeover Arinc from Carlyle Group LP
A private auction was launched that drew companies including GE, Rockwell Collins and Thales SA interested to bid for Arinc Inc.
Latest News
Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.
Mid-America Apartment Communities Inc. announced to buy Colonial Properties Trust for US$2.17 billion.
Two separate courts issued temporary restraining orders, restricting Royalty Pharma to bid for Elan.
Generali agrees to sell its reinsurance business to Scor for EUR 579 million. Last Tuesday, Generali announced its agreement to sell its US life reinsurance business to Scor.
Asian stocks swing from gains and losses while the US manufacturing unexpectedly contracted. Asian benchmarked stocks swung between gains and losses regardless of the optism that the Federal Reserves will keep its record of monetary stimulus.
Calpers is planning to sell its entire 4% stake in Carlyle that is valued at US$373.3 million. After 12 years of being managed by Carlyle Group LP, a private equity manager firm, the California Public Employees' Retirement System plans to sell its total 4% stake.
GM rejoins S&P 500 replacing H.J Heinz Co. H. J Heinz Co. will be replaced by General Motors Co. (GM) in the Standard & Poor's 500 Index. This is after the trade closing on June 6.
AIG, GE Capital and Prudential Financial confirm receipt of notification for regulatory oversight. (Photo : REUTERS)American International Group Inc, the insurer rescued by the U.
Steven A. Cohen is at the brink of cutting down a number of his staff after more investors are expected to pull out their money.
