Exclusive: Private equity firm Ares rejects pitches to do IPO soon
NEW YORK (Reuters) – Ares Management LLC has been pitched on the idea of an initial public offering for the past year, but the firm that had been widely expected to be the next among major private equity firms to go public has no plans to pull the trig…
Analysis: Investment risks of fast-tracking biotech drugs become apparent
(Reuters) – With biotech’s bull run nearing its third year, some savvy investors believe it is time to seek safety in size.
Sentinel trustee wants Bank of NY Mellon to return $337 million
(Reuters) – Bank of New York Mellon should be ordered to return about $337 million to Sentinel Management Group Inc, a U.S. futures broker that went bankrupt in 2007, according to a court filing made by the bankruptcy trustee.
Boeing making short list for 777X factory location
SEATTLE (Reuters) – Boeing Co said on Tuesday it is narrowing its list of sites for building its newest jetliner, the 777X, to “a handful,” signaling its determination to consider locations outside Washington state where it now builds similar planes.
Australia sets up $89 million fund for auto workers hit by GM exit
SYDNEY (Reuters) – Australia is setting up a A$100 million ($89 million) fund to support regions affected by General Motors Co’s decision to stop production in the country by 2017, including directly supporting those workers affected by the decision.
IMS Health hires JPMorgan to lead IPO: sources
NEW YORK (Reuters) – IMS Health Inc has hired JPMorgan Chase & Co Inc to lead a proposed initial public offering that could value the private equity-owned healthcare information company at close to $10 billion, according to people familiar with the matter.
Japan exports rise but trade gap widens on weak yen
TOKYO (Reuters) – Japan’s exports rose for a ninth consecutive month in November, led by car shipments to the United States and China, a sign the weak yen and a recovery in global demand are energizing a major growth driver in the world’s third-biggest…
Ex-SAC manager Martoma fails to end part of insider case
NEW YORK (Reuters) – A federal judge on Tuesday rejected former SAC Capital Advisors LP portfolio manager Mathew Martoma’s request to dismiss some insider trading charges because they were based on transactions not covered under U.S. securities laws.
Boeing’s Conner making short list for 777X factory location
SEATTLE (Reuters) – Boeing Co said on Tuesday it is narrowing its list of sites for building its newest jetliner, the 777X, to “a handful,” signaling its determination to consider locations outside Washington state where it now builds similar planes.
BlackBerry names former SAP executive to head key business segment
TORONTO (Reuters) – BlackBerry Ltd said on Tuesday that John Sims will join the company as head of its global enterprise services business, a key segment that is likely to be at the core of the smartphone maker’s turnaround plan.
