HCA, the largest hospital operator in the U.S., has many strengths, and its IPO would be the largest private-equity-backed offering since the start of the financial crisis. But will the market's recent volatility make things challenging for the IPO?
Continue reading Amid Market Turmoil, HCA Files for a $4.6 Billion IPO
Amid Market Turmoil, HCA Files for a $4.6 Billion IPO originally appeared on DailyFinance on Fri, 07 May 2010 12:55:00.
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It's only when clients ask for financial advice that banks owe a fiduciary duty to them -- and these activities contribute just a tiny portion of banks' revenue.
Continue reading Wall Street Acting in Clients' Best Interests? Forget About It
Wall Street Acting in Clients' Best Interests? Forget About It originally appeared on DailyFinance on Fri, 07 May 2010 11:57:00.
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In order to enforce net neutrality rules, the FCC is reclassifying Internet service providers into the same regulatory "box" as phone companies. The move gives the FCC the authority to drastically improve broadband competition -- but the FCC has decided it won't use that power.
Continue reading Legal Briefing: Net Neutrality, Yes; Broadband Competition, Not Really
Legal Briefing: Net Neutrality, Yes; Broadband Competition, Not Really originally appeared on DailyFinance on Fri, 07 May 2010 11:49:00.
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The Dow fell dramatically in afternoon trading before bouncing back to a 350 point loss. Traders piled out of equities and into the relative safety of Treasurys and the U.S. dollar. Oil prices plummeted and gold touched $1,200 an ounce.
Continue reading Dow Drops Nearly 1,000 Points Before Paring Loss
Dow Drops Nearly 1,000 Points Before Paring Loss originally appeared on DailyFinance on Thu, 06 May 2010 16:10:00.
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Banks make a tidy profit off ATM fees, ranging from $1 to $7, but a proposed amendment to the financial reform bill would cap fees at 50 cents per transaction. Instead of helping consumers, it may end up hurting them if banks end up closing less-profitable ATMs, limiting access to cash.
Continue reading Senators Push for a Cap of 50 Cents on ATM Fees
Senators Push for a Cap of 50 Cents on ATM Fees originally appeared on DailyFinance on Thu, 06 May 2010 14:45:00.
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MBIA has sued Merrill Lynch because the CDOs on which Merrill bought insurance from MBIA were AAA-rated junk. MBIA says Merrill knew the CDOs didn't deserve the top rating at the time it insured them. If this case succeeds, big banks may find dud ratings very expensive.
Continue reading Legal Briefing: How Much Will Misleading Ratings Cost the Big Banks?
Legal Briefing: How Much Will Misleading Ratings Cost the Big Banks? originally appeared on DailyFinance on Thu, 06 May 2010 10:40:00.
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Specialty food retailer Fresh Market has filed to go public and will raise up to $345 million.
Continue reading Fresh Market to Feast on a $345 Million IPO
Fresh Market to Feast on a $345 Million IPO originally appeared on DailyFinance on Wed, 05 May 2010 11:50:00.
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Questions about whether Goldman Sachs Group chairman and CEO Lloyd Blankfein can stay in his job are mounting. Could Buffett step in?
Continue reading Could Warren Buffett Save Goldman as He Did With Salomon?
Could Warren Buffett Save Goldman as He Did With Salomon? originally appeared on DailyFinance on Wed, 05 May 2010 05:10:00.
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Energy company PPL Corp. has agreed to buy the American gas and electricity unit of German utility company E.ON AG for $6.7 billion.
Continue reading Energy Utilities Heat Up as PPL Makes a $7.6 Billion Deal for E.ON AG's U.S. Unit
Energy Utilities Heat Up as PPL Makes a $7.6 Billion Deal for E.ON AG's U.S. Unit originally appeared on DailyFinance on Thu, 29 Apr 2010 10:45:00.
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Activists are expecting 10,000 people to vent their rage Thursday against the giants of the financial system -- on Wall Street itself. Another 8,000 will participate virtually. Smaller demonstrations have already taken place elsewhere, and more are expected around the country.
Continue reading Organized Labor Puts a Bull's-Eye on Wall Street
Organized Labor Puts a Bull's-Eye on Wall Street originally appeared on DailyFinance on Wed, 28 Apr 2010 15:17:00.
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