Investment Banking News

1. On4(TM) Communications Initiates Discussions with Investment Banking Firms (PR Newswire via Yahoo! Finance) - On4 Communications, Inc. ("On4") is pleased to announce the company has initiated discussions with Investment Banking Firms to provide an integrated execution strategy for accessing Capital Markets and Strategic Acquisition Opportunities.
2. Societe Generale Hires Micucci to Head Italy Investment Banking (Bloomberg) - March 8 (Bloomberg) -- Societe Generale SA hired Patrizia Micucci as head of investment banking for Italy, reporting to Thierry Aulagnon and Giovanni Ortolani.
3. Cowen Group Announces New Hire In Investment Banking (PR Newswire via Yahoo! Finance) - Cowen Group, Inc. today announced that Jeff Porphy has joined the firm as a Managing Director. Â Mr. Porphy, the former Head of Financial Sponsor Idea Generation and Corporate Advisory M&A at Barclays Capital, will focus on financial sponsors in all sectors as a member of Cowen's Investment Banking group. Â Mr.
4. Doctor Leaves UBS for Citi’s Health Care Team (New York Times) - Dr. Aradhana Sarin is leaving UBS to join Citigroup ’s global health care investment banking team in New York, according to an internal memo obtained by DealBook. Ms. Sarin will be a managing director in the group, reporting to Bill Clark, Michael Hill and Chris Hite.
5. Citi Senior Investment Banker Sehdlin Moves to Morgan Stanley (Fox News) - David Head will now lead Citi's financial-services investment banking business.
6. Deutsche Bank granted Maltese banking licence (Times of Malta) - German giant Deutsche Bank has been granted a banking licence by the MFSA and will be expanding its existing office in Malta, Finance Minister Tonio Fenech said this afternoon. He said it was up to the bank to decide in which areas it would operate but this was "very good news" for Malta.
7. Greater supervision for non-banking financial institutions: CBRC (People's Daily) - The China Banking Regulatory Commission (CBRC) announced Tuesday that it will redouble its efforts to monitor possible risks brought on by non-banking financial institutions, according to the Wall Street Journal. Cai Esheng, vice chairman of the CBRC, stated on the commission's website Tuesday that it will focus on supervising the cooperation between banks and trust companies, and trust ...
8. Macquarie May Seek U.S. Purchases in ‘Once-in-Generation’ Push (Bloomberg) - March 11 (Bloomberg) -- Macquarie Group Ltd. , which made five North American acquisitions in 2009, may buy more U.S. assets and add bankers servicing mid-sized companies to gain a larger slice of the world’s biggest investment-banking market.
9. KBS Realty Advisors Selects Resolve Technology Investment Management Software (GlobeNewswire via Yahoo! Finance) - NEEDHAM, Mass. -- KBS Realty Advisors, one of the nation's leading commercial real estate investment advisors, selected Resolve Technology to provide software solutions for information access, analysis and reporting in support of the management of investment performance and risk assessment.
10. BVCA Breakfast on Alternative Investment Fund Management Directive (HM Treasury) - Good morning. I’d like to thank BVCA for hosting this breakfast. I have addressed the topic of the Alternative Investment Fund Managers Directive on multiple occasions since the Commission first published its proposal for the Directive last April.

Other Business news

1. Feds probe Toyota Prius crash in NYC suburb - The Associated Press -

   Telegraph.co.uk

   Feds probe Toyota Prius crash in NYC suburb The Associated Press HARRISON, NY — Federal safety regulators are gathering information after a suburban New York driver told police that a Toyota Prius accelerated on its own, then lurched down a driveway, across a road and into a stone wall. ... Runaway Prius Tale Prompts New ProbeWall Street Journal Another runaway Toyota Prius reportedReuters Another Out-Of-Control Prius Reported, This Time in NYNewsinferno.com CBS News -The College Driver -Hybrid Cars News all 2,743 news articles »

2. Bank of America to stop debit card overdrafts - The Associated Press -

   China Daily

   Bank of America to stop debit card overdrafts The Associated Press NEW YORK — Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees. ... BofA to scrap overdraft fees on debit purchasesCNNMoney.com Bank of America to End Overdraft Fees on Debit CardsBusinessWeek Hold Your Applause for Bank of America's Overdraft AnnouncementAtlantic Online MarketWatch -NewsOXY -New York Times all 536 news articles »

3. Kirkland broker Breard charged with fraud - Bizjournals.com -

   KOMO News

   Kirkland broker Breard charged with fraud Bizjournals.com Kirkland broker Rhonda L. Breard, who hawked her investment advice on local radio and TV stations, has been charged by federal prosecutors with mail fraud and accused of stealing from investors. According to the government, Breard, 47, ... Kirkland investment guru Breard charged in alleged Ponzi schemeSeattle Times Kirkland investment advisor charged with fraudSeattle Post Intelligencer Kirkland Broker Charged With Mail FraudKIRO Seattle MyNorthwest.com -KOMO News -Northwest Cable News all 20 news articles »

4. Unemployment Fell in Nine US States as Michigan Made Headway - BusinessWeek -

   Washington Times

   Unemployment Fell in Nine US States as Michigan Made Headway BusinessWeek March 10 (Bloomberg) -- Unemployment decreased in nine US states in January, led by an improvement in Michigan that demonstrates factories are driving the economic rebound. Michigan's jobless rate fell to 14.3 percent, ... Parkinson calls Kan. jobless rate `discouraging'The Associated Press Md. unemployment worsened in Jan.Bizjournals.com Calif. unemployment rate fifth highest in nationSan Jose Mercury News CNNMoney.com -Oxford Press -Washington Business Journal all 502 news articles »

5. Google Apps Store Seeks Cloud Collaboration Boost - PC World -

   New Zealand Herald

   Google Apps Store Seeks Cloud Collaboration Boost PC World Google's new Apps Marketplace could give a significant boost to Web-based communication and collaboration software for businesses by creating a wide-ranging yet integrated virtual suite of heterogeneous cloud ... Google Apps Store Challenges MicrosoftTheStreet.com Google launches store for third-party Web appsTechSpot Google's Marketplace Spells Trouble for MicrosoftCMSWire New York Times (blog) -DVICE -InternetNews.com all 980 news articles »

6. Terra Likes CF's Bid, Gives Yara 5 Days To Sweeten - Wall Street Journal -

   Globe and Mail

   Terra Likes CF's Bid, Gives Yara 5 Days To Sweeten Wall Street Journal The board of Norway's Yara International ASA (YAR.OS, YARIY) is expected to meet Thursday to discuss whether to abandon its $4.1 billion bid for rival US fertilizer maker Terra Industries Inc. ... Terra says CF's buyout bid is superior to Yara'sReuters Fertilizer War Shocker: Terra Takes CF BidTheStreet.com Terra Industries Tells Yara That CF Bid Is SuperiorBusinessWeek OPIS Diesel Exhaust Fluid Resource Center -The Associated Press -MarketNewsVideo.com all 288 news articles »

7. Wholesale Inventories in US Fell 0.2% in January - BusinessWeek -

   Boston Globe

   Wholesale Inventories in US Fell 0.2% in January BusinessWeek March 10 (Bloomberg) -- Inventories at US wholesalers unexpectedly fell in January for a second month, signaling companies had difficulty keeping pace with demand. The 0.2 percent decline in the value of stockpiles followed a ... Wholesale inventories fall while sales increaseThe Associated Press Wholesale Inventories Fall, Restocking ExpectedABC News Financial Rally Can't Spur StreetForbes AHN | All Headline News -Briefing.com -Wall Street Journal all 348 news articles »

8. Google stands behind plan to stop China cencorship - Reuters -

   AFP

   Google stands behind plan to stop China cencorship Reuters WASHINGTON, March 10 (Reuters) - Google (GOOG.O) has not changed its decision to stop censoring its Chinese search site even if it means leaving that market, a senior executive told a US Congressional panel on Wednesday. Nicole Wong, the firm's vice ... Google CEO Sees Conclusion to China Talks SoonWall Street Journal Google CEO: Development in China dispute 'soon'The Associated Press Google prepared to quit China over censor feud: executiveAFP CNBC -CNET -Register all 300 news articles »

9. Ex-New York Pension Fund Officer Pleads Guilty - BusinessWeek -

   New York Daily News

   Ex-New York Pension Fund Officer Pleads Guilty BusinessWeek March 10 (Bloomberg) -- David Loglisci, who was chief investment officer of the New York state pension fund under former comptroller Alan Hevesi, pleaded guilty over his role in what he called a “culture of corruption” at the fund. ... Ex-official admits guilt in NY pension probeThe Associated Press Former Political Bigwig Pleads Guilty to NY Pension ScamHedge Fund Net NY AG To Announce Development In Pension Fund Probe WedWall Street Journal New York Times (blog) -Easy Bourse -New York Daily News (blog) all 118 news articles »

10. American Eagle Profit Soars - Wall Street Journal -

    New York Magazine

    American Eagle Profit Soars Wall Street Journal American Eagle Outfitters Inc.'s fiscal fourth-quarter earnings surged 81% as both sales and margins improved, and the teen and young-adult clothing retailer gave a generally sunny outlook for the current quarter. ... Martin + Osa closings affect three area mallsBizjournals.com Teens Are Wind Beneath Eagle's WingsForbes American Eagle Gains as Profit Rises; Forecast Above EstimatesBusinessWeek Washington Business Journal -MarketWatch -AHN | All Headline News all 231 news articles »