A stripped-down Queen Anne comes back to life with the help of original details, some refurbished and some found …read more
From:: DIY this old house
The Belmont Victorian House Project: The Things They Saved
GE close to selling $30 billion in loans to Wells Fargo: report
General Electric Co. is close to selling about $30 billion in loans to Wells Fargo & Co. , according to Reuters late Friday, citing a source close to the matter. Wells Fargo has outbid others for GE’s vendor financing, commercial distribution finance and direct lending assets, according to the report. The source said, however, that negotiations were ongoing and could still fall apart, according to Reuters. Recently, GE announced it agreed to sell its railcar leasing business to Wells Fargo for an undisclosed sum.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Ferrari to trade as RACE, sees IPO price of $48-$52
Ferrari expects to price its initial public offering between $48 and $52 a share, the luxury car maker said in a filing Friday. Fiat Chrysler Automobiles NV is selling 17 million shares of Ferrari, equal to about 9% percent of the Ferrari share capital, it said. Ferrari said it shipped 7,255 cars and reached net revenues of 2.76 billion euros ($3.14 billion) in 2014. The company expects third-quarter net revenues in a range of 720 million euros to 730 million euros, about 9% to 10% higher than third quarter 2014, the company said. UBS, BofA Merrill Lynch, Banco Santander and BNP Paribas are among the underwriters. Risks for the car maker include “the success of our Formula 1 racing team,” impact of more stringent fuel economy and emissions standards, and changes in demand for luxury goods, the company said. The company will trade on the New York Stock Exchange under the symbol RACE.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Twitter planning company-wide layoffs: report
Twitter Inc. is planning wide-ranging layoffs of its staff in the coming week, according to a report by Recode, citing multiple, unnamed sources. The report comes less than a week after Twitter named co-founder Jack Dorsey as permanent chief executive. Twitter told Recode it would not comment on rumor or speculation. Twitter shares fell 1.5% to $30.38 in after-hours activity.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
DocuSign’s Keith Krach to step down as CEO but retain chairman title: report
DocuSign’s Chairman and Chief Executive Keith Krach will step down as CEO of the electronic signature company and a search for a successor will begin immediately, Recode reported Friday, citing an internal memo. Krach will remain as chairman for another three years after the new CEO takes over. DocuSign raised around $300 million from investors including Deutsche Telekom, Dell and Intel Capital, reported the technology news website. The company has a valuation of $3 billion, according to The Wall Street Journal.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Voyager Therapeutics plans initial public offering of up to $86.3 mln
Voyager Therapeutics Inc. on Friday registered with the Securities and Exchange Commission for an initial public offering of up to $86.3 million. Voyager reported a loss of $18.5 million and collaboration revenue of $7.5 million in the first six months of 2015. Its biggest shareholder with a 52.6% stake is Third Rock Ventures L.P., according to its SEC filing. The company plans to list its shares on the Nasdaq Global Market under the ticker “VYGR.”
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From:: Stock Market News
Many foreign central banks implore Fed to hike rates: Fischer
WASHINGTON (MarketWatch) – Foreign central bankers are asking the U.S. central bank to hike interest rates, said Federal Reserve Vice Chairman Stanley Fischer on Friday. During an interview on CNN International, Fischer said overseas events do matter for the U.S. economy. The fact that 13 of 17 Fed officials see a rate hike this year represents the “underlying thinking” at the Fed, he said.
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From:: Stock Market News
Interactive Data Holdings files for initial public offering
Interactive Data Holdings Corp. said late Friday it plans to raise up to $100 million in an initial public offering. In a filing with the Securities and Exchange Commission, the financial market data company reported revenue of $939.2 million for 2014. Interactive Data said private-equity firms Silver Lake Group LLC and Warburg Pincus LLC will continue to have majority voting power of all outstanding shares. Morgan Stanley, Barclays, Bank of America Merrill Lynch, and UBS Investment Bank are listed among the underwriters. The company has yet to decide whether to list on the Nasdaq or New York Stock Exchange but plans to use the ticker “IDC”.
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From:: Stock Market News
Lilly buys rights to intranasal diabetes treatment
Eli Lilly & Co. said Friday it bought the rights to a potential treatment for severe hypoglycemia in people with diabetes from Locemia Solutions. Intranasal glucagon could be “the first needle-free rescue” for the hypoglycemia and “an important innovation for people with diabetes” condition, Lilly said. Financial terms were not disclosed. Shares of Lilly were down 0.4% in late trading Friday after ending the regular session up 2.8%.
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From:: Stock Market News
GoPro’s stock bounces sharply off record low
GoPro Inc.’s stock surged 5.4% in active trade Friday, to bounce sharply off a record close in the previous session. Volume of 17.7 million shares was nearly 50% more than the 30-day average, according to FactSet. Prior to Friday’s rally, the stock had tumbled 56% in two months, and 71% since closing at its record high of $93.85 a year ago. On Thursday, the stock closed at $27.60, the lowest price since it went public on June 26, 2014 at an IPO price of $24, after Morgan Stanley slashed its price target, citing weak demand for the Hero4 Session camera. The stock’s rally on Friday might be a sign that investors have gotten a little too bearish on GoPro, as the latest data shows that short interest has more than doubled in a month to a record high for the stock.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News