SAN FRANCISCO - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
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.
EQT Midstream Partners prices IPO at top of range
(Reuters) - EQT Midstream Partners said its initial public offering priced at the top of the expected range, making it one of the first companies to go public after the botched Facebook (FB.O) IPO.
The midstream arm of natural gas producer EQT Corp (EQT.N) sold 12.5 million common units for $21 each, raising about $262 million.
The Pittsburgh, Pennsylvania-based company had filed with U.S. regulators last week to sell 12.5 million units at an expected price of $19-$21 per share.
Citigroup, Barclays Capital, BofA Merrill Lynch, Credit Suisse, JP Morgan and Wells Fargo are acting as joint book-running managers to the offering.
Shares are expected to begin trading on the New York Stock Exchange under the symbol "EQM" on Wednesday.
Four companies, including EQT Midstream, are looking to list this week. The deals are likely to serve as a litmus test for investor appetite after an IPO drought gripped the end of the second quarter.
(Reporting by Jochelle Mendonca in Bangalore; Editing by Saumyadeb Chakrabarty)
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