Legg Mason raises capital with $1.25 bln note sale
Reuters - Kohlberg will be a minority investor in the company, it stated. Legg Mason stated it will also use part of the capital raised to purchase preferred stock convertible into 2.5 million shares of Legg Mason common stock from Citigroup (C.N: Quote , Profile ,
UK confident in face off with Vladimir Putin
Daily Telegraph - Britain is gambling that Russia will confine itself to verbal protest because Britain is the largest European investor in Russia. Put simply, Russia needs British capital and expertise to develop the oil and gas reserves which form the backbone of its
Vertex Pharmaceuticals’ lead drug telaprevir may not be first-to
Financial Times - An investor from Healthcor added that Medivir is a competitor, but Vertex’s Graves remained skeptical on whether the FDA would seriously consider Medivir’s HCV drug without a definitive Phase II study results over a 48-week treatment duration.
Need to know
Times On the web - CLS Holdings , the property investor, stated it has let its last floor at the CI Tower, in New Malden, southwest London, and that CMP Information has signed a five-year lease on the floor. Balfour Beatty said its order book stood at about £11 billion at
Transmeta investor wants board info
MSN MoneyCentral - NEW YORK (AP) - The largest shareholder of Transmeta Corp., which licenses microprocessor and semiconductor technologies, has demanded that the company provide records for an investigation of potential mismanagement by the company’s board. The
Australian shares marginally down at noon
News.com.au - A POSITIVE begin to trading on the Australian share market was softened by investor caution over the state of global investments markets by noon, despite a strong US lead and higher commodity prices. A t 12.17pm (AEDT), the benchmark S&P/ASX200 index
Auto suppliers post gains on investor optimism, but Harman falls on
CNBC - NEW YORK - Shares of several auto suppliers got a boost Monday, as the overall market rose and analysts predicted sales and profit growth at several of the companies. ArvinMeritor Inc. rose after analyst Brett Hoselton raised his rating on the
Forth Ports offers haven from credit crunch storms
Times On the internet - Forth’s attraction for any investor lies in its easy business model of strong cash flows from the ports operation producing operating margins of about 25 per cent, which grant for the gradual regeneration of a huge landbank of dockyards into
S&P Picks and Pans: IBM, Merck, Sears, Merrill, Sovereign, EMC
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Follow the nation’s dentists and place your bets on IG
Daily Telegraph - Maybe the hedge fund needed cash; maybe Forth’s good run is over and it was time to take profits or maybe Babcock is just a strategic investor and no full takeover is coming. Trading at Forth’s seven ports are operating at the top end of expectations
Hill International to Present at Sidoti’s Fifth Annual Emerging Growth
Forbes - Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that David L. Richter, Hill’s President and Chief Operating Officer, is scheduled to present at the Fifth Annual Emerging Growth Institutional Investor
‘Fortune’s’ Fools Trip on BofA, Countrywide
Street.Com - and with talk rife over the weekend of another $40 billion in write-offs for Citigroup ( C - Cramer’s Take - Stockpickr ) and Merrill Lynch ( MER - Cramer’s Take - Stockpickr ), the time seemed right to be buying at the wake. (This is something every investor
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