PIMCO Close to Mortgage REIT Market IPO (PIMR, IVR, NLY, CIM)
PIMCO is about to compete as a real estate investment trust in the world of mortgage REITs. It only makes sense considering that PIMCO is in the group of fund managers that get first…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 176Long Live Swipe Fees and Interchange Fees (JPM, BAC, COF, C, V, MA, FAS)
Banks were already having a good day, but a new ruling has come out from the Federal Reserve on interchange fees. Maybe the proper description would be “less bad” of news. Banks were expected…
Trinseo Files for IPO, Plastics & Polymers (TSE, DOW)
Trinseo S.A. has filed its foreign registration paperwork with the SEC for an initial public offering of it shares. Trinseo is public limited liability company under the laws of Luxembourg. Through its offering the…
Silly Moves… The Knot’s Name, Exchange, and Ticker Change (KNOT, XOXO)
Companies sometimes make moves that spook investors, even if the intent is to signal something else entirely. Today marked the change where The Knot Inc. (NASDAQ: KNOT) changed to XO Group Inc. (NYSE: XOXO). …
PIMCO Bracing For Higher Commodity Prices & More Inflation
Even though the US Federal Reserve downplays the contribution of commodity prices in the US core inflation rate, that doesn’t mean that everyone agrees. In fact, most of us who pay more for a…
Short-Term Bond Funds Serve a Purpose (LALDX, VBIRX, PRWBX)
Any positive return from a short-term bond fund offers investors a reason to flee the money market funds which are currently the equivalent of stuffing cash under a mattress. Over the past year or…
Are Paulson’s Losses on Sino-Forest Overstated?
Reports have been out that Paulson & Co. had suffered severe losses in a Chinese forestry company called Sino-Forest. Billionaire hedge fund manager John Paulson may not have been hurt as badly as some…
Alt-Energy: A New Way to Finance Clean Energy (ETE, SUG, WMB, BAC. PLD, NRG)
Last week pipeline master limited partnership (MLP) Energy Transfer Equity LP (NYSE: ETE) revealed a deal worth $4.2 billion for rival natural gas pipeline company Southern Union Co. (NYSE: SUG). Today, Williams Cos. (NYSE:…
Sears Moves to Spin Off Orchard Hardware, With Lampert Controlling That Too (SHLD)
Sears Holdings Corporation (NASDAQ: SHLD) is shrinking its empire, sort of. The company is spinning off its Orchard Supply Hardware Stores Corporation holdings to its shareholders. Sears holds effectively all of the Common Stock…
Winners as China Opens Up Mutual Fund Sales From Foreign Banks (C, HBC, BAC)
China has loosened up its regulations and will now allow banks to distribute foreign mutual funds later this year. Winners are expected to be Citigroup, Inc. (NYSE: C) and HSBC Holdings plc (NYSE: HBC). …
Why Relational Is Going After L-3 (LLL)
Relational is going after L-3 Communications Holdings, Inc. (NYSE: LLL). From May 25 to June 16, Relational Investors and its affiliates have acquired enough stock to become the company’s top holder. A 13D filing…
Major Companies Trading Close To Book Value, Or Under (BAC, BG, C, GLW, HPQ, MS, SEE)
The stock market may have bounced after six straight weeks of selling, but things were getting bad enough that even the solid market leaders like Apple were being taken to the woodshed. 24/7 Wall…
Private Equity IPO Filing for Oaktree Capital Group (OAK)
Oaktree Capital Group, LLC has filed to come public in an initial public offering. No financial terms were given but the firm did initially note a sale of up to $100 million in securities…
Capital One & ING Direct, Setting Off The Next Wave of Banking M&A (COF, ING, GE, RF, BAC, JPM, ETFC)
Capital One Financial Corporation (NYSE: COF) may have just wiggled its way into being one of the few top banks in America. The company is acquiring ING Direct USA from ING Groep NV (NYSE:…
Taking Down BJ’s, Private Equity Eats Another Retailer (BJ, COST, WMT)
BJ’s Wholesale Club Inc. (NYSE: BJ) is the latest private equity buyout target in the retail segment. Two active players in retail industry buyouts, Leonard Green & Partners and CVC Capital Partners, have submitted…