Wall Street finishes flat in late reversal

NEW YORK - Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. | Video

» More Business News

Specialist banks cherry pick from lay-offs

LONDON - Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger rivals, cherry picking staff frustrated by new pay rules and uncertainty over strategy.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

» More Green Business News

Morgan Stanley says sees decline in 08 LBO activity

NEW YORK | Wed Dec 19, 2007 12:34pm EST

NEW YORK (Reuters) - U.S. investment bank Morgan Stanley's (MS.N) Chief Financial Officer Colm Kelleher said on Wednesday he expects the bank's leveraged buyout business to decline in 2008, compared with this year.

Kelleher added that equity underwriting backlog has risen, citing strength in its European and Asian markets.

But junk debt underwriting backlog is lower, while the investment grade debt pipeline is higher.

(Reporting by Lilla Zuill; Editing by Andre Grenon)
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.