Container Store Group Inc had planned to raise USD225 million during its IPO. Storage and organization products retailer Container Store Group Inc had laid out plans to sell USD225 million worth of shares in its US IPO.
Firm Management
Banks expecting ECB rate cut
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
Morgan Stanley establishes fund to improve affordable housing
Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
NQ Mobile set to defend its tarnished image due to Muddy Waters report
According to NQ Mobile co-CEO Omar Khan, "All allegations are false." NQ Mobile Inc's eight founding anniversary had little to celebrate last October 25, as the day before the firm was accused of inflating revenues.
Shareholders reject executive compensation scheme for second straight year
Oracle Corp shareholders had rejected for the second year the executive compensation scheme for CEO Larry Ellison et al.
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BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion. China's second largest financial institution in terms of assets, China Construction Bank Corp, had entered into an agreement to pay BRL1.
The halt of its Pascua-Lama project as well as gold price decline had forced Barrick Gold to sell of shares to raise much needed funds.
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.
Pumpmaker ITT is expanding both on the shareholder value side and on the operations side as demand for pumps had increased by half in the third quarter alone.
Alexander Mann Solutions was purchased for GBP260 million by private equity firm New Mountain Capital.
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.
Staff-less branches is the future, according to Mashreq Bank CEO. In a move its CEO says would be a way of the future, Mashreq Bank had planned to open its first fully electronic branch without any staff by January.
