Unstructured Finance

ITC shares jump 2.6 pct

June 30, 2010

Bombay Stock ExchangeShares in cigarette-to-hotel business chain ITC rose 2.6 percent on Wednesday to top the list of Sensex gainers on better earnings expectations.

The morning deal: Selling Abraxis

June 30, 2010

A sign for the NASDAQ Market site is seen in New York's Times Square, February 8, 2010. REUTERS/Shannon StapletonBiotechnology company Celgene has agreed to acquire Abraxis BioScience for $2.9 billion in cash and stock. Abraxis shared are up 20 percent on the news and that’s got to make Abraxis Chairman Patrick Soon-Shiong happy, he owns over 80 percent of the company’s outstanding shares.

Marshall not so gaga for Osborne

June 30, 2010

Lord Myners played a cheeky game of bull and bear with Paul Marshall, the co-founder of hedge fund company Marshall Wace, at the close of his Q&A session at the Fund Forum in Monaco this morning.

Check Out Line: Oops, Britney designed her first clothing line

June 30, 2010

spears1Check out the latest celebrity designed clothing line.

Pop princess Britney Spears is launching her own fashion collection that targets the schoolgirl crowd. (Editor’s note: Can I say I am relieved my daughter is only 5 and unaware of this development?)

Vanguard plans UK target retirement date funds

June 30, 2010

US passive giant Vanguard is planning to bring its target retirement date products to the UK market to target the growing defined contribution (DC) pensions business.

This little piggy went to market

June 29, 2010

A lot of fund managers like to talk about how important it is to educate the investor but T Rowe Price has put its money where its mouth is. Through a collaboration with Walt Disney Parks & Resorts it has created an online game and an interactive exhibit at EPCOT called The Great Piggy Bank Adventure.

MMTC announces share bonus and split

June 29, 2010

The board of MMTC approved a 10-for-1 stock split and a 1-for-1 bonus share issue on Tuesday.

Facebook is more than just a pretty face

June 29, 2010

The social networking website of Mark Zuckerberg (pictured) is now worth $23 billion, close to the value of online shopping website Ebay, based on the price of a recent stock purchase by private equity firm Elevation Partners. Elevation purchased $120 million in Facebook stock from private shareholders, valuing the company at $23 billion, a person familiar with the matter told Reuters on Monday.