Sands China’s weak debut in Hong Kong - a first-day drop of 10 percent - was the fourth-worst launch on that market this year, but came as little shock to analysts who were betting against the Asian gambling play. Rival Wynn Macau is down 5 percent since listing in October.
Sands China’s $2.5 billion IPO wasn’t […]
Posted on November 30th, 2009 by
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Pubs operator Mitchells & Butlers will ask Britain’s takeover watchdog to rule whether rebel shareholders are attempting to gain control of the group after they blocked the appointment of a chairman.
Piedmont, an investment vehicle owned by billionaire Joe Lewis that owns 23 percent of M&B, obstructed the appointment of an independent chairman and vetoed three […]
Posted on November 30th, 2009 by
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Dubai World’s trouble paying its debt obligations may not be too surprising when you consider some of the dubious investments it has entered into over the past few years. A case point is Dubai World’s ill-fated voyage into the business of building and selling submarines for recreational use.
In September, Dubai World filed a lawsuit in […]
Posted on November 28th, 2009 by
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Black Friday finally is here. The day after Thanksgiving unofficially kicks off the holiday shopping season. (Merchants use the term “Black Friday” to refer to the period when retailers’ books historically go to black from being in the red.) But
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Posted on November 28th, 2009 by
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The almighty dollar ain’t what it used to be.The decline of the dollar was one of the topics of debate Sunday night when St. Louis Fed President Jim Bullard and former Federal Reserve Vice Chairman Alan Blinder faced off against longtime gold bug and doll
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Posted on November 28th, 2009 by
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Highlights from this week’s Thomson Reuters Investment Banking Scorecard:
6TH LARGEST IPO OF THE YEAR
In this week’s second largest ECM transaction Sands China, the Macau operations of US based Las Vegas Sands raised $2.5 billion on the Hong Kong stock exchange. It is the 6th largest IPO of the year and the second of its kind […]
Posted on November 27th, 2009 by
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Auto maker General Motors is grappling with the future of its European units Saab and Opel after one sale collapsed and the other was pulled, targeting the bulk of its 9,000 job cuts at Opel’s German factories.
Bookseller Borders UK called in the administrators yesterday, adding its name to a growing list of failed British high […]
Posted on November 27th, 2009 by
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Putting Peter Schiff on a panel with St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder is asking for trouble or, at the very least, a heated debate.That’s just what occurred last Sunday night in New York at an event sponsored by
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