Investment Banking & Brokerage

Rodman & Renshaw, a wholly owned subsidiary of Rodman & Renshaw Capital Group (NASDAQ: RODM), announced that it has acted as a co-manager to Prime Acquisition (NASDAQ: PACQU) who announced the pricing of its initial public offering on March 24, 2011. The initial public offering was for an...

Rodman & Renshaw, a wholly owned subsidiary of Rodman & Renshaw Capital Group (NASDAQ: RODM), announced that it has acted as a co-manager to Prime Acquisition (NASDAQ: PACQU) who announced the pricing of its initial public offering on March 24, 2011. The initial public offering was for an...

Jan Hatzius, chief economists at Goldman Sachs (NYSE: GS) said that as the government reduces fiscal policy, economic growth will drag. Hatzius said that he sees a modest uptick in interest rates over the next year, but does not expect anything major. He said he sees the Federal Reserve ending...

The Latin American McDonalds (NYSE: MCD) operator, Arcos Dorados Holdings, has filed for an initial public offering (IPO) in the U.S. of up to $1.08 billion. Arcos Dorados plans to sell 62.5 million shares of McDonalds for $13-$15 a share. An additional 9.4 million shares may be sold as well....

Gabelli has issued a report raising 2011 and 2012 EPS estimates for TD Ameritrade Holding Corp (NASDAQ: AMTD). According to the report, “We are raising our 2011 and 2012 EPS estimates to $1.20 and $1.50, from $1.15 and $1.45 respectively, due to stronger than expected trading volume and larger...

Goldman Sachs has issued a report following a meeting with the CFO of Morgan Stanley (NYSE: MS). According to Goldman Sachs, "While the challenges facing the firm are well known and likely to remain a shareholder concern until MS completes this stage of its Securities rebuild, GWM integration, and...

Citi attended meetings with Goldman Sachs (NYSE: GS) Chief Accounting Officer and updated on those meetings. According to Citi, "We came away w/ greater confidence in Goldman's ability to manage risk given conservatism applied in preparation of financials, rigorous focus on fair value pricing and...

Hyperdynamics Corporation (NYSE: HDY) today announced that its public offering of 25,000,000 shares of its common stock has priced at $5.00 per share for gross proceeds of approximately $125,000,000. The Company has granted the underwriter a 45 day option to purchase up to an additional 3,750,...

Sanders Morris Harris Group Inc. (NASDAQ: SMHG) today announced that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.05 per share of common stock. The dividend will be payable on April 18, 2011 to common shareholders of record at the close of business on April...

Shares of Investment Technology Group (NYSE: ITG) are lower on the session by 0.38%, currently trading at $18.32. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...

Goldman Sachs has a Neutral rating and a $41 price target on shares of Raymond James Financial, Inc. (NYSE: RJF) after the company reported earnings. In a note to clients, Goldman writes, "Total securities commissions and fees continue to outperform and we forecast continued strength. With one...

Goldman Sachs' (NYSE: GS) CEO Lloyd Blankfein Takes Stand At Rajaratnam Trial.

Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein took the stand at Galleon Group co-founder Raj Rajaratnam's insider-trading trial today. Blankfein testified for the prosecution, asserting that Rajat Gupta violated policies when he revealed confidential information from Goldman Sachs' business plans....

Jefferies Group Inc (NYSE: JEF) was upgraded by Ticonderoga from "neutral" to "buy." JEF's shares closed at $24.48 yesterday. Jefferies' PEG ratio is 0.96. BofA/Merrill upgraded Owens Corning Inc (NYSE: OC) from “neutral” to “buy.” OC's shares closed at $33.92 yesterday. Owens Corning's PEG ratio...

Morgan Stanley (NYSE: MS) today announced the launch of Morgan Stanley Fix, an over-the-counter algorithmic trading product which provides institutional clients with flow-weighted average pricing (F-WAP) in currencies. Similar to volume-weighted average pricing (V-WAP) in exchange traded markets, F...