It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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39 days passed without a U.S. IPO, the eighth-longest such stretch since 2000.
Did the Facebook IPO fiasco have a chilling effect on the market for new companies going public? Not exactly. It was more like a deep freeze.
After Facebook's flop, 39 days passed without a U.S. IPO, the eighth-longest such stretch since 2000, according to a new report from IPO research firm Renaissance Capital. So while April was a busy time for new offerings, May and June were very quiet.
Meanwhile, criticism of the software giant's next operating system mounts.
Microsoft (MSFT) has announced that it will offer Windows XP, Windows Vista, and Windows 7 users the opportunity to upgrade their operating systems to the new Windows 8 Pro for $39.99, according to Computerworld. Windows 8 Pro is the most advanced version of the upcoming operating system.
Due for release before the end of the year, Windows 8 features two prominent changes, including Metro, a tablet-friendly tile-based menu that shows all of the user's programs. Windows 8 will also be the first Windows operating system to remove the Start button.
The parties involved in the Sunoco-Carlyle deal come up with a solution to keep the region's biggest refinery open.
By Aaron Levitt
Over the last few months here at InvestorPlace, we've highlighted some of the issues facing drivers on the East Coast. As Brent crude prices have skyrocketed over the last year, refiners on the East Coast have had one heck of time turning a profit. While refiners in the middle of the U.S. have been feasting on cheaper West Texas Intermediate crude and profiting from the spread, refineries on the East Coast haven't been so lucky.
Built to handle only the lighter, sweeter Brent crude from overseas, the money-losing refining business has prompted a variety of companies -- including Valero (VLO) and Hess (HES) -- to begin shuttering their refineries along the Eastern Seaboard. Overall, these moves helped spur gasoline prices for consumers higher than they would have been otherwise.
The search giant will emerge as market leader if consumers adopt the new technology. But will they?
The endlessly hyped Google (GOOG) Glass line of computerized specs made major waves at last week's Google I/O conference. Co-founder Sergey Brin showcased a thrilling video of he and a few fellow Googlers jumping out of a plane while wearing the glasses (watch the clip at TheWeek.com).
Google is betting big on Google Glass, which will reportedly allow a wearer to use vocal commands to send instant messages, look up directions, snap photos, and video chat with friends. The search giant seems intent on shaping a whole new product category from which it can immediately emerge as a market leader.
The largest U.S. low-cost carrier plans to introduce wireless inflight entertainment services.
By Zacks Equity Research
The U.S. air carriers are expanding in-flight entertainment options and adding novel features to their services in order to distinguish themselves from their major rivals. Accordingly, the largest U.S. low-cost carrier Southwest Airlines (LUV) plans to introduce wireless inflight entertainment services to its passengers onboard five aircraft.
Initially, the company will offer seven sports and news channels -- NBC Sports, MLB live games from MLB.com, NFL Network, CNBC, MSNBC, Fox News and Fox Business News -- through its onboard WiFi provider, Row 44. Then, it will gradually expand its offerings to 20 planes by mid-July. Southwest will charge $3–$8 during a trial period for the live TV service.
The bank's CEO resigns as well, and the software maker buys aQuantive.
Barclays (BCS) CEO Bob Diamond has resigned, the second official to step down at the bank in the wake of an alleged interest-rate rigging scandal. Chairman Marcus Agius will lead the search for Diamond's replacement. Agius resigned Monday following the bank's $453 million settlement of an investigation into alleged interest rate manipulation. Agius will step down once a new chairman has been chosen, a spokesperson at the bank said Tuesday.
Regulators in the U.S. and the U.K. alleged that Barclays had submitted false data for setting the London interbank offered rate, or Libor, between 2005 and 2009. "The external pressure placed on Barclays has reached a level that risks damaging the franchise -- I cannot let that happen," Diamond said in a statement Tuesday. The Wall Street Journal, citing sources, reported Tuesday that Barclays Chief Operating Officer Jerry del Missier also is likely to step down.
As beef prices soar, McDonald's new boss will add more chicken items to the menu.
CEO Don Thompson says he will be adding new chicken items to the menu instead of beef. Part of the reason behind that is to follow consumer trends. Americans are eating less beef now -- beef consumption has fallen for six years straight -- and McDonald's is responding to the change.
But there's a more practical motive here as well. Beef prices have skyrocketed as the size of the U.S. cattle herd has fallen to its lowest levels in decades.
The company plans to offer alcohol and small plates at stores in Chicago and perhaps Southern California.
Now, Starbucks is ready to take the booze on the road. It's expanding beyond its home turf to bring alcohol to Chicago and maybe even Southern California.
The major US defense contractor's move to spin off some assets is seen as big boost for shareholders.
Wall Street has been down on shares of defense contractors largely because of concerns about U.S. defense cuts and stiff competition, as well as worry over the projected accelerated decline in Afghanistan-related sales. So it wasn't surprising that the stock of L-3 Communications (LLL) had been falling.
In recent weeks, however, the stock has perked up, sparked by the scheduling of the spinoff of some parts of L-3's government services unit. The stock has climbed to $74 a share, where it traded Monday, from $71 in early June. A year ago the stock was at its peak, selling at $88 a share -- until it dived to a low of $58 on Sept. 22, 2011.
As the nation enjoys a rare moment of celebration, here some picks to keep the game alive.
Spain still has a serious financial crisis, but now its citizens have something to cheer about. Hundreds of thousands of fans have flooded into Madrid to welcome La Roja, the Spanish soccer team that nabbed the Euro 2012 Championship.
La Roja has given soccer fans worldwide plenty to talk about, and its 4-0 victory will be remembered for some time. If you still can't get enough of Euro 2012, here are a few stocks to help you savor the memories.
The transaction also includes a $3.4 billion payment from AstraZeneca as the big drug companies try to replace lost sales from products with generic competition.
In a deal announced late Friday, Bristol-Myers will acquire Amylin and subsequently bulk up an existing collaboration with UK drug maker AstraZeneca (AZN), which will pay $3.4 billion toward the partnership.
Investors are flocking to dividend stocks as interest rates remain low. Here are some income picks.
Of course, this commitment might also be a negative signal, as it could imply that the company does not have viable investment opportunities to pursue with its cash.
Do the exchange-traded funds for Belgium, UK, Netherlands and Spain have any upside potential?
Investing acronyms are all the rage these days. BRIC has been around for a while and has since become BRICS, to include South Africa. CIVETS has risen to acclaim in recent years. MIST recently joined the scene but has been trumped by CAPPT.
Those acronyms are devoted to emerging markets, but there are some developed-market acronyms worth acknowledging as well. Acknowledgment does not necessarily mean an invitation to be long, however, and that has been the case with the BUNS nations -- Belgium, the U.K., the Netherlands, and Spain -- whose exchange-traded funds (ETFs) have been candidates for shorting since the term was coined in April.
Stocks dip as a key manufacturing index unexpectedly contracts for the first time in nearly 3 years.
Barclays' rate-fixing scandal and JPMorgan's surprise trading losses suggest new rules and regulations won't fix the financial system overnight.
Big banks just can't seem to catch a break. While publicly griping about the costs involved with all the new regulations that have been introduced since the financial system teetered on the brink of collapse back in 2008, they seem to remain intent on reminding us just why those regulations -- or something else of the same kind -- were needed in the first place.
Making matters all the more worrying, the two banks that provided those reminders last week have until now been seen as relatively healthy institutions, and "winners" in the wake of the crisis.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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