Dance music promoter SFX misses a step in market debut
(Reuters) - Shares of SFX Entertainment Inc , an electronic dance music festival promoter run by New York media mogul Robert F.X. Sillerman, fell as much as 18 percent in...
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JPMorgan’s private equity unit to become independent
(Reuters) - JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses....
Sallie Mae to split into two companies, names new CEO
(Reuters) - Sallie Mae Corp. , the largest U.S. student loan provider, said on Wednesday it would split into two publicly traded companies as it seeks better valuation for its...
ChannelAdvisor soars in debut
(Reuters) - ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread...
Prepaid debit cards: a weak link in bank security
(Reuters) - A brazen gang of cyber criminals, who stole $45 million from bank ATMs in 27 countries, exposes an Achilles heel in the global financial industry: prepaid debit cards....
Visa enjoys upbeat quarter, MasterCard lags
(Reuters) - Visa Inc , the world's largest credit and debit card network reported strong quarterly results as its customers spent more on its cards, but smaller rival MasterCard Inc...
Bank of America revenue drops, legal settlement stings
(Reuters) - Bank of America Corp's revenue fell across almost all its businesses in the first quarter, and the bank was hit yet again by mortgage mess cleanup costs, showing...
Judge denies $20 million severance to outgoing AMR chief
(Reuters) - A judge has rejected a proposed severance package of nearly $20 million for Thomas Horton, the chairman and chief executive officer of American Airlines parent AMR Corp ,...
Empire State Building inches closer to IPO
(Reuters) - The company that controls New York's Empire State Building has garnered about three-quarters of the investor votes it needs to realize a plan to roll the property into...
Fender IPO seen valuing guitar maker at about $395 million
(Reuters) - Fender Musical Instruments Corp, whose guitars have been used by music legends including Jimi Hendrix and Eric Clapton, expects its initial public offering to raise as much as...