Subscriber Content Read Preview
The large purchase of shares from a longtime investor, and the increase in the premium it will pay, are indications that Warren Buffett believes Berkshire Hathaway shares are deeply undervalued.
Stocks inched slightly higher amid better-than-expected readings on jobless claims and retail sales.
Subscriber Content Read Preview
The Sprint-Softbank roll-up of the wireless world has begun even before Sprint-Softbank have closed their deal.
Subscriber Content Read Preview
PBF Energy's IPO got off to a hot start even after the petroleum refiner raised the amount of shares it brought to market, the latest in a string of strong performances for issuers tied to oil and gas.
Subscriber Content Read Preview
European stocks were slightly lower as investors digested the U.S. Federal Reserve's move to expand its balance sheet and as Greece's loan payment was approved.
Asian markets were mixed on Thursday, with the Japanese market hitting a fresh eight-month high as a sharp overnight drop in the yen stimulated gains. The Nikkei rose 1.7%.
Subscriber Content Read Preview
Assets in long-term mutual funds fell by $2.01 billion in the latest week as withdrawals from equity funds accelerated and as hybrid funds posted a slight outflow.
Subscriber Content Read Preview
SolarCity will launch its initial public offering on Thursday, a day later than anticipated, and at a share price well below earlier targets, according to banks underwriting the deal.
Subscriber Content Read Preview
Facebook made a lackluster debut in the Nasdaq-100 Index, as stock in the social network tilted lower.
Hong Kong's securities regulator announced new rules for initial public offerings in the city that could lead to banks being criminally liable if the companies they sponsor provide untrue information in their listing prospectuses.
Subscriber Content Read Preview
Top Big Lots executives sold a total of more than $23 million in stock ahead of bad news about the company's sales. This comes amid a widening probe by federal authorities into trading by corporate executives.
Subscriber Content Read Preview
While China's brightening economic outlook is luring new money into funds that focus on that country's stocks, many portfolio managers aren't yet fully convinced.
Subscriber Content Read Preview
EU finance ministers reached a landmark deal that would bring many of the continent's banks under a single supervisor, in what governments hope will be a major step toward resolving their three-year-old debt crisis.
Subscriber Content Read Preview
Investors are piling into bearish bets on the Japanese currency, wagering the country's officials will step up their efforts to push down the value of the yen.
Subscriber Content Read Preview
Lennar's $1.7 billion loan from China Development Bank to fund two San Francisco housing developments includes a role for a state-owned Chinese construction company.
Subscriber Content Read Preview
Tiger Asia Management pleaded guilty to a criminal fraud charge and agreed to pay $44 million to settle civil allegations by U.S. securities regulators that it engaged in insider trading of Chinese bank stocks.
Subscriber Content Read Preview
The CFTC may temporarily narrow its definition of "U.S. persons" to give Wall Street and firms more time to adjust to U.S. rules, and regulators around the world more time to work out their differences.
Subscriber Content Read Preview
Malaysia vaulted to fifth place among the world's destinations for initial public offerings by value this year, but will struggle to keep that position despite almost $3 billion in deals already known to be in the pipeline.
European stocks edged higher Wednesday, their eighth straight gain, as investors were cautiously optimistic that the U.S. Federal Reserve would announce a new round of bond buying.
Asian shares were higher Wednesday as positive developments in the U.S. and Europe lifted sentiment. The HSI was up 0.8% after touching a fresh 16-month high in early trading.
Subscriber Content Read Preview
British Columbia is considering a 500-million-yuan bond issue early next year. If would be the first time a government issuer outside China has done so.
Subscriber Content Read Preview
Japan's largest lender is in advanced talks to buy a 20% stake in one of Vietnam's top banks.
Subscriber Content Read Preview
Estonia's central bank lifted its forecast for economic growth this year amid wage growth and lower unemployment, but cut its growth estimate for 2013, warning that its development path remains "fragile."
Subscriber Content Read Preview
Euro-zone finance ministers are set on Thursday to back the release of another batch of aid to Greece, although its bond-buyback operation fell short of expectations.
Subscriber Content Read Preview
The International Monetary Fund warned that the sharp run-up in Hong Kong's home prices raises the likelihood of an abrupt correction, which could pose a severe risk to the domestic economy.
Subscriber Content Read Preview
Bond investors are warming to banks in weaker European economies. They are especially attracted to the market for 'covered bonds,' which offer extra protection.