Summit Midstream Partners Files Plan for IPO
Summit Midstream Partners L.P. filed plans for an initial public offering, as the gas pipeline operator seeks to raise as much as $301.9 million. Summit Midstream is a limited partnership that owns and operates natural gas pipelines and compression systems in North American shale formations. It
Hush-Hush Investor Added to Knight Bailout Team
Exclusive: The bizarre implosion of Knight Capital is getting even more bizarre with the emergence of a previously undisclosed investor as part of the firm’s bailout group.
Qualcomm to Open Tablet Research Facility in Sao Paulo
Qualcomm Inc. (QCOM) plans to open a research and development facility in Sao Paulo that will be dedicated to tablet computers and mobile communications.
Icahn Withdraws Offer to Take CVR Energy Private
Activist investor Carl Icahn withdrew his offer to buy the remaining shares of petroleum company CVR Energy Inc. (CVI), ending his bid to take the company private, according to a Securities and Exchange Commission filing.
Citadel Backs Nasdaq on Compensation for Facebook IPO Losses
Citadel LLC urged U.S. regulators to approve a controversial plan by Nasdaq OMX Group Inc. (NDAQ) to make good on some losses sustained by trading firms in the stock market debut of Facebook Inc. (FB) The $62 million proposal, which Nasdaq OMX retooled last month following outcry from brokers and
LCH.Clearnet to Accept Gold as Collateral for Margin Cover
U.K.-based clearinghouse LCH.Clearnet Group Ltd. said Tuesday it will accept a certain specification of gold bullion called loco London gold as collateral for margin-cover requirements on over-the-counter precious-metals forward contracts and on Hong Kong Mercantile Exchange precious-metals
Fifth Third Bancorp Unveils Buyback Plan, May Boost Dividend
Regional lender Fifth Third Bancorp (FITB) unveiled a plan to repurchase up to 100 million shares and potentially boost its dividend by 25%, after the Federal Reserve didn't object to its proposed capital actions plan through March 2013.
Thomson Reuters Forex Trading Platform Down
Thomson Reuters Corp.'s (TRI) electronic trading platform, one of the two key systems used by currency traders around the world, experienced an outage Tuesday, according to several market participants.
Gannett Buys BLiNQ to Target Facebook Marketers
Gannett Co. Inc. (GCI) has acquired BLiNQ Media LLC, a social media advertising company that makes it easier for marketers to buy advertisements on Facebook Inc. (FB) and other social media sites.
API Reports Larger-than-expected Supply Decline
Crude-oil supplies declined by 6 million barrels in the week ended Aug. 17, a trade group said late Tuesday.