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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.

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.

    • 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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