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Sep 28, 2011

Imperial Holdings shares plunge after FBI raid

Sept 28 (Reuters) – Imperial Holdings’ (IFT.N: Quote, Profile, Research, Stock Buzz) shares
plunged as much as 75 percent on Wednesday, a day after federal
investigators raided the offices of the company, which makes
lump-sum payments to buy life insurance policies and structured
legal settlements.

The shares fell as low as $1.55 in morning trading before
rebounding somewhat. Trading in the company’s shares was halted
at mid-afternoon Tuesday and did not resume the rest of the
day.

Sep 28, 2011

Federal agents raid Imperial Holdings’ Florida offices

By Ben Berkowitz and Clare Baldwin

(Reuters) – Federal investigators on Tuesday raided the Florida offices of Imperial Holdings Inc (IFT.N: Quote, Profile, Research, Stock Buzz), a company that makes lump-sum payments on legal settlements and life insurance policies, the FBI said.

Imperial Holdings confirmed the raid and said it, along with certain employees, including its chairman and chief executive and its president and chief operating officer, were under investigation for matters related to the company’s life-insurance business.

Sep 23, 2011

China Web IPO flow to US threatened by crackdown

NEW YORK, Sept 23 (Reuters) – Chinese Internet companies
could have a tougher time listing on U.S. stock exchanges
because of an expected Beijing clampdown on a favored corporate
structure.

It is unlikely to halt all new U.S. listings of Web
companies that want to follow in the footsteps of heavyweights
such as Baidu Inc (BIDU.O: Quote, Profile, Research, Stock Buzz) and Renren Inc (RENN.N: Quote, Profile, Research, Stock Buzz), but it
could prevent some and slow the progress of others.

Sep 19, 2011

IPOS

NEW YORK (Reuters) – Carlyle is facing a tough market and if recent history is any guide, once it goes public, its shares will be volatile.

Investors have been shattered by recent economic turmoil, and that fate has been amplified in the share prices of publicly traded private equity firms. Shares of Blackstone Group (BX.N: Quote, Profile, Research) have lost more than half of their value since their June 2007 IPO. Apollo Global Management (APO.N: Quote, Profile, Research) is down about 37 percent since its March IPO.

Sep 16, 2011

Carlyle investors should prepare for rocky ride

NEW YORK (Reuters) – Carlyle is facing a tough market and if recent history is any guide, once it goes public, its shares will be volatile.

Investors have been shattered by recent economic turmoil, and that fate has been amplified in the share prices of publicly traded private equity firms. Shares of Blackstone Group (BX.N: Quote, Profile, Research, Stock Buzz) have lost more than half of their value since their June 2007 IPO. Apollo Global Management (APO.N: Quote, Profile, Research, Stock Buzz) is down about 37 percent since its March IPO.

Sep 2, 2011

Tech IPOs could lead the way post-Labor Day

NEW YORK, Sept 2 (Reuters) – It’s been a rough summer for
U.S. initial public offerings after the stock market nosedived,
but tech issues could see strong demand after bankers and fund
managers return from vacation in September.

The growth promised by tech companies is dramatic and such
growth is hard to come by as fears about a European debt crisis
and a faltering U.S. recovery persist.

Aug 28, 2011

Irene floods northeast, Manhattan spared the worst

NEW YORK (Reuters) – Hurricane Irene swept through Manhattan on Sunday but reserved the worst of its fury for towns and suburbs up and down the northeast region where driving rain and flood tides inundated homes and cut power to millions.

On its march up the East Coast over the weekend, the storm left at least 15 dead, as many as 3.6 million customers without electricity, widespread flooding and thousands of downed trees. It forced the closure of New York’s mass transit system, and the cancellation of thousands of flights.

Aug 26, 2011

Buffett trades off his reputation, returns follow

NEW YORK (Reuters) – Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Bank of America Corp (BAC.N: Quote, Profile, Research) on Thursday said Buffett’s Berkshire Hathaway (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research) would invest $5 billion (3.06 billion pounds) in the bank, the largest by assets in the United States.

Aug 26, 2011

Analysis: Buffett trades off his reputation

NEW YORK (Reuters) – Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Bank of America Corp on Thursday said Buffett’s Berkshire Hathaway would invest $5 billion in the bank, the largest by assets in the United States.

Aug 26, 2011

Analysis – Buffett trades off his reputation, returns follow

NEW YORK (Reuters) – Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Bank of America Corp on Thursday said Buffett’s Berkshire Hathaway would invest $5 billion (3 billion pounds) in the bank, the largest by assets in the United States.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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