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Oct 14, 2011

Ubiquiti breaks US IPO drought amid Iran controversy

Oct 13 (Reuters) – Wireless equipment maker Ubiquiti
Networks Inc broke a two-month drought in the U.S. IPO market
on Thursday pricing shares in its initial public offering at
the low end of the expected range.

The company and its owners sold 7.04 million shares for $15
each, raising $105.6 million. They had planned to sell 7
million shares for $15 to $17 each. Earlier on Thursday the
company lowered its price range from $20 to $22 per share.

Oct 14, 2011

Ubiquiti breaks US IPO drought amid Iran controversy

Oct 13 (Reuters) – Wireless equipment maker Ubiquiti
Networks Inc broke a two-month drought in the U.S. IPO market
on Thursday pricing shares in its initial public offering at
the low end of the expected range.

The company and its owners sold 7.04 million shares for $15
each, raising $105.6 million. They had planned to sell 7
million shares for $15 to $17 each. Earlier on Thursday the
company lowered its price range from $20 to $22 per share.

Oct 13, 2011

Ubiquiti breaks US IPO drought, but gov’t reviews Iran sales

Oct 13 (Reuters) – Wireless equipment maker Ubiquiti
Networks Inc is poised to break a two-month drought in the U.S.
IPO market on Thursday, but the company remains under review by
the U.S. government for sales of its products to such countries
as Iran and North Korea.

Depending on the outcome of a review by the Department of
the Treasury’s Office of Foreign Assets Control, Ubiquiti could
face fines, lose its ability to export and be referred for
criminal prosecution, it said in its IPO prospectus.

Oct 11, 2011

Wall St jobs, bonus outlook dims for 2011

By Clare Baldwin and Holly McKenna

(Reuters) – Wall Street cash bonuses are likely to drop for the second year in a row, the New York State Comptroller said on Tuesday.

The securities industry, one of the biggest employers in New York State, could also lose another 10,000 jobs by the end of 2012, according to the report.

Oct 11, 2011

Wall Street outlook dims for 2011 -DiNapoli

Oct 11 (Reuters) – Wall Street cash bonuses are likely to
drop for the second year in a row, the New York State
Comptroller said on Tuesday.

The securities industry, one of the biggest employers in
New York State, could also lose another 10,000 jobs by the end
of 2012, according to the Office of the State Comptroller.

Oct 4, 2011

Insight: Hometown weary but defiant as Kodak’s problems worsen

ROCHESTER, NY (Reuters) – With investors placing bets on whether Eastman Kodak (EK.N: Quote, Profile, Research, Stock Buzz) will file for bankruptcy, there is not so much a sense of crisis as a feeling of resignation and fatigue among the residents in its hometown.

At one point, the company employed more than 60,000 people in Rochester in upstate New York, where it was born more than 130 years ago. Now, that number is closer to 7,000 – and it has been decades since the company, once synonymous with photography, began its downward slide.

Oct 4, 2011

Hometown weary but defiant as Kodak’s problems worsen

ROCHESTER, NY, Oct 4 (Reuters) – With investors placing
bets on whether Eastman Kodak (EK.N: Quote, Profile, Research) will file for bankruptcy,
there is not so much a sense of crisis as a feeling of
resignation and fatigue among the residents in its hometown.

At one point, the company employed more than 60,000 people
in Rochester in upstate New York, where it was born more than
130 years ago. Now, that number is closer to 7,000 – and it has
been decades since the company, once synonymous with
photography, began its downward slide.

Sep 30, 2011

IPO View: Firms feel the chill as equity markets freeze

LONDON/NEW YORK (Reuters) – A near shutdown in global equity capital markets is forcing issuers to wait, possibly delaying to next year much-anticipated offerings such as the U.S. government’s shares in bailed-out companies.

With the debt crisis still raging in Europe and the U.S. economy struggling to recover, many issuers are preferring to wait — if they can — for markets to calm down, bankers said.

Sep 30, 2011

Firms feel the chill as equity markets freeze

LONDON/NEW YORK, Sept 30 (Reuters) – A near shutdown in
global equity capital markets is forcing issuers to wait,
possibly delaying to next year much-anticipated offerings such
as the U.S. government’s shares in bailed-out companies.

With the debt crisis still raging in Europe and the U.S.
economy struggling to recover, many issuers are preferring to
wait — if they can — for markets to calm down, bankers said.

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.

    • 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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