Tuesday, May 29, 2012

Trade deals

  • WASHINGTON -- A change of heart from the Obama administration may pave the way to a groundbreaking global deal to provide lifesaving medications to developing nations.
  • (Huffington Post)
  • The Tokyo-based trading house announced on Tuesday it had bought US-grain trader Gavilon for $3.6bn. Including debt, the deal values the trader, owned by top US hedge funds and private equity funds, at roughly $5.3bn.
  • (Financial Times)
  • faced criticism for boosting the number of shares sold in the IPO by 25 percent to 421.2 million in the days before the deal. They also increased the asking price to $34 to $38 from $28 to $35.
  • (Bloomberg)
  • That this constituted a material event – a requirement for an insider trading conviction – is of little doubt. Byron Trott, the former Goldman banker who engineered the deal, testified last week: "This was about as top secret as you could get.
  • (Reuters Blogs)
  • Portsmouth residents are fighting back against rogue traders with the City Council's fair trade scheme, Square Deal.
  • (YAHOO!)
  • Facebook has received a second request from the Federal Trade Commission, essentially a request for relatively large amounts of data that the regulators will sift through to ensure that the deal complies with antitrust law.
  • (msnbc.com)
  • Getty ImagesThe 2012 trade deadline was atrocious, but the Chicago Blackhawks managed to land on our winners list for acquiring Johnny Oduya from the Winnipeg Jets for a second- and third-round pick in 2013.
  • (YAHOO!)
  • Click here to find out which 9 other dividend bargains you can buy cheaper than insiders, at DividendChannel.com » In trading on Tuesday, bargain hunters could buy shares of Xylem Inc. (NYSE: XYL) and achieve a cost basis 9.
  • (Forbes)
  • Questions of going after Columbus Blue Jackets forward Rick Nash in a trade once again surfaced, after talks of a deal went away at the end of the trade deadline this year. Many people believe that Nash will bring the offensive power that the Rangers are lacking.
  • (Bleacherreport.com)
  • Deals of the Day compiles this morning's biggest news Former Goldman Sachs Group director Rajat Gupta could make a compelling witness at his own criminal insider-trading trial, legal experts say. Or it could be too big a gamble.
  • (Wall Street Journal)

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