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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: stock offering

stock offering stories: 13 news summaries

(Newser) - May has already been the busiest month ever in new share offers from publicly traded companies, the Wall Street Journal reports. The $54.9 billion in sales this year put the market at a level of activity not seen since 2000. “It’s an indication that the healing process... More »

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stock market • New York Stock Exchange • Dow Jones • recession • bank • stock offering • recapitalization • TARP

(Newser) - Eager to shore up its cash reserves, stave off bankruptcy, and further distance itself from its struggling rivals, Ford Motor Co. will offer 300 million shares in a public offering this week, the Wall Street Journal reports. Ford thinks the offering will raise investor confidence, bringing in buyers who’... More »

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stock market • Ford • auto industry • stock offering • Jay-ZTV

Banks to Sell Stock to
Repay TARP


May 11, 09 11:43 AM CDT
(Newser) - Hoping to take advantage of the up market, Capital One, US Bancorp, and a handful of other financial institutions are planning to sell a combined $7 billion worth of stock, the Wall Street Journal reports. Some of the resulting funds would be used to repay TARP money, getting the... More »

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stock market • Capital One • stock offering • TARP • US Bancorp

 EBay to Spin Off Skype 
 in IPO Next Year 

Company aims to end 'marriage from hell' through stock offering

Apr 15, 09 5:00 AM CDT
(Newser) - Ebay plans to end its uneasy relationship with Skype by offloading the ill-fitting acquisition through an IPO early next year, Bloomberg reports. Analysts say the move could raise up to $1 billion for eBay, depending on how much equity the auction powerhouse wants to give up. The company declined to... More »

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eBay • IPO • Skype • telecommunications • stock offering

$1.8B Goldman Sachs Profit Shocks Wall St.

Bank plans $5B stock offering to start
repaying TARP loan

Apr 13, 09 5:12 PM CDT
(Newser) - Goldman Sachs shocked analysts today by announcing a $1.81 billion profit for the first quarter of 2009, the Wall Street Journal reports. “Given the difficult market conditions, we are pleased,” CEO Lloyd Blankfein said. Goldman also announced plans for a $5 billion stock offering that would help... More »

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Goldman Sachs • quarterly profits • stock offering • investment banks • first quarter earnings • TARP

 Goldman Mulls Stock 
 Offering to Repay Feds 

Hopes to repay $10B government loan

Apr 10, 09 6:54 AM CDT
(Newser) - Hoping to pay off a $10 billion government loan, Goldman Sachs may take advantage of a rising market to make a multibillion-dollar new stock offering, the Wall Street Journal reports. Employees, investors, and executives all like the idea of cutting the government’s role in the firm, which has held... More »

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stock market • Goldman Sachs • loan • stock offering • bailout • financial crisis

Britain Now Owns Majority Share of RBS

Failed rights issue leaves banking giant in taxpayer hands

Nov 28, 08 6:44 AM CST
(Newser) - The Royal Bank of Scotland, one of the giants of British banking, confirmed today that taxpayers now own a majority share following a $30 billion government bailout, reports the Guardian. The country's No. 2 bank failed to raise sufficient cash via a $22.5 billion rights issue, with only 1... More »

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United Kingdom • Royal Bank of Scotland • bank • Britain • stock offering • bailout

Goldman Raises $10B After Buffett's Buy-in

New stock offering
nets twice as much
as bank expected

Sep 24, 08 11:01 AM CDT
(Newser) - Where Warren Buffett goes, investors follow. Goldman’s new stock offering pulled in $5 billion this morning, twice the $2.5 billion the firm expected, as investors followed Buffett’s lead, Bloomberg reports. That extra money, combined with Buffett’s $5 billion investment, “should quickly end credit-market debate about... More »

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Goldman Sachs • Warren Buffett • capital • Berkshire Hathaway • stock offering

analysis

Merrill Panic May Mark Bottom of Stock Market

Once regaled for cavalier confidence, CEO's chief cuts losses

Aug 1, 08 10:30 AM CDT
(Newser) - Merrill Lynch CEO John Thain has seen better days, Floyd Norris writes in the New York Times. He's gone from “cockiness to capitulation. Distinction to desperation.” Thain recently unloaded a bundle of his company’s securities for 22 cents on the dollar and raised $8.5 billion from... More »

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Merrill Lynch • CDO • mortgage debt • mortgage backed securities • John Thain • financial sector • subprime crisis • stock offering • banking industry

Merrill Aims to Raise $8.5B, Prune Bad Debt

Brokerage announces surprise stock sale, $5.7B writedown

Jul 28, 08 7:51 PM CDT
(Newser) - Merrill Lynch announced a surprise stock offering today aimed at raising $8.5 billion for the brokerage, strapped by the mortgage and credit crises, the Financial Times reports. It also said it was writing down a further $5.7 billion in bad debt, and is selling collateralized debt obligations nominally... More »

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Merrill Lynch • writedowns • collateralized debt obligations • stock offering

Freddie Eyes Selling $10B in Shares to Stave Off Bailout

Measure might prevent need for bailout -
for now

Jul 18, 08 6:53 AM CDT
(Newser) - Freddie Mac is considering issuing $10 billion worth of new common and preferred shares, the Wall Street Journal reports, a move that might stave off a full-blown government rescue—and the increased scrutiny that would come with it. Freddie has been emboldened by two days of big gains, with... More »

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shares • Freddie Mac • stock offering • bailout • financial crisis

Barclays Seeks Liquidity With $8.85B Offering

More than half will be bought by Qatari, Japanese investors

Jun 25, 08 8:45 AM CDT
(Newser) - Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the... More »

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Barclays • Royal Bank of Scotland • liquidity • subprime crisis • stock offering • Qatar Investment Authority • Sumitomo Mitsui

SocGen to Raise $8B With Discount Shares

Replenishing capital could help struggling French bank avoid takeover

Feb 11, 08 8:04 AM CST
(Newser) - Societe Generale, the French bank hit with a $7 billion loss in a massive trading fraud, will replenish its cash reserves through an $8 billion stock offering at a heavily discounted rate, the company said today. Shares will be priced at €45.50, or 39% off the Feb. 8... More »

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France • Jérôme Kerviel • Société Générale • stock offering

13 Stories


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