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Aug 17, 2011

Thousands rally in Spain against cost of Pope visit

MADRID (Reuters) – Thousands of protesters marched in Madrid on Wednesday against the cost of the Pope’s visit to Spain this week at a time of growing public anxiety and economic hardship in the country.

Protesters of all ages walked in the old city centre under the slogan ‘Nothing for the Pope from my taxes’, as hundreds of thousands of young people gather in the capital of the mainly Catholic country to celebrate World Youth Day this weekend.

Aug 10, 2011

Analysis: U.S. mortgage insurers prefer risk to rules

BANGALORE (Reuters) – U.S. mortgage insurers may suffer collateral damage if a new rule aimed at cleaning up the multi-trillion dollar mortgage lending industry comes into effect.

Under the proposed qualified residential mortgage (QRM) rule, if banks seek to bundle the loans into securities they would need home buyers to make a 20 percent down-payment, or ‘keep skin in the game’ by having 5 percent of the loan on their books.

Aug 4, 2011

FIS ditches Misys bid, opts to buy back shares instead

BANGALORE (Reuters) – Based payment processor Fidelity National Information Services (FIS.N: Quote, Profile, Research, Stock Buzz) dropped plans to buy British software company Misys (MSY.L: Quote, Profile, Research, Stock Buzz), and said it would instead begin buying back its shares under an existing repurchase program.

FIS gave no reason for walking away from the deal, which would have valued Misys at around $2.4 billion, but the financial industry-focused UK firm said it rejected a revised offer which it felt undervalued the company.

Jul 29, 2011

Genworth CEO hints at split of company

BANGALORE, July 29 (Reuters) – Mortgage insurer Genworth
Financial is taking steps to possibly split up the
company, its Chief Executive Michael Fraizer said on a
post-earnings conference call.

Genworth shares were up 6 percent on Friday afternoon after
the insurer spoke of potentially splitting up the company and
said it was advancing its share buy-back plan to 2012 from
2013-14.

Jul 28, 2011

Four U.S. IPOs get mixed response from choosy investors

BANGALORE (Reuters) – Four U.S. IPOs were received with varying levels of interest on their market debut, signaling that investors were being very selective of where they want to put their money in.

IPO investors are trending toward offerings that have priced above their expected range and largely ignoring those that did not, according to some analysts.

Jul 26, 2011

Western Union raises forecast as remittances rise

BANGALORE, July 26 (Reuters) – Western Union Co
boosted its profit forecast for the year as more people remitted
money and its investments into diversifying into other payment
channels began to pay off.

The world’s largest payment transfer company, which was hit
during the credit crunch as remittances declined, has been
seeing a turnaround as the U.S. recovers from the financial
crisis and even raised its dividend twice in the last year.

Jul 20, 2011

Zillow’s stellar debut raises dotcom bubble fear

BANGALORE, July 20 (Reuters) – Shares of real estate site
Zillow Inc (Z.O: Quote, Profile, Research, Stock Buzz) skyrocketed in their market debut on
Wednesday, the latest debutante to ride a wave of dotcom
exuberance while stoking fears of lofy Internet valuations.

The six-year-old, loss-making real estate website, which
recorded $30.5 million in revenue last year from providing
housing value appraisals online, soared to as much as $60 — a
three-fold increase from its IPO price of $20.

Jul 20, 2011

Zillow blazes in market debut, skeptics abound

BANGALORE (Reuters) – Shares of real estate and housing data company Zillow Inc (Z.O: Quote, Profile, Research, Stock Buzz) tripled in value on their debut, after pricing above their expected range, as investors buoyed by a wave of successful internet IPOs shrugged off its ties to a weak housing market.

Zillow’s initial pop in value overtook internet-and-IPO darling LinkedIn’s (LNKD.N: Quote, Profile, Research, Stock Buzz) first-day share rise. LinkedIn only doubled in value in its first day of trade.

Jul 11, 2011

Dunkin’ Brands IPO values company at as much as $2.3 billion

BANGALORE (Reuters) – Dunkin’ Brands Group Inc, known for its Dunkin’ Donuts and Baskin Robbins ice cream, has set a price range for its public offering, valuing the company at as much as $2.3 billion, at a time when IPOs have had mixed reception from investors.

The company, taken private in a $2.4 billion deal in 2005 by a consortium including Bain Capital, Carlyle Group CYL.UL and Thomas H. Lee Partners, said it was offering about 22.3 million shares at a price band of $16-$18 apiece.

Jul 11, 2011

Dunkin’ Brands IPO values co as much as $2.3 bln

BANGALORE, July 11 (Reuters) – Dunkin’ Brands Group Inc,
known for its Dunkin’ Donuts and Baskin Robbins ice cream, has
set a price range for its public offering, valuing the company
at as much as $2.3 billion, at a time when IPOs have had mixed
reception from investors.

The company, taken private in a $2.4 billion deal in 2005 by
a consortium including Bain Capital, Carlyle Group and
Thomas H. Lee Partners, said it was offering about 22.3 million
shares at a price band of $16-$18 apiece.

    • About Brenton

      "I’m currently Editor-in-Charge for UK company news in Bangalore, overseeing the coverage of mid-cap and small-cap UK companies. Previously, I was the Deputy Editor-in-Charge of the Headline News team in Bangalore, which is responsible for sending news alerts for all the major publicly listed companies in North America. I also worked with the finance team in Bangalore covering IPOs, and mid-cap and small-cap U.S. financial companies."
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