Even as the IPO market in the US currently lacks activity for the summer, a number of investment bankers are somewhat optimistic that the deals will start up again by September or even increase until the end of the year.
Fed Has Scope in Offering Stimulus According to Bernanke
August 26, 2012 By
Ben Bernanke, chairman of the Federal Reserve, reportedly informed a Congressional oversight panel that the Fed has some space to provide more monetary stimulus that will give the US economy a boost. In a letter to Representative Darrell Issa, chairman of the committee, Bernanke reportedly indicated that there is scope for additional action by the Federal Reserve that may ease the financial conditions while strengthening the economic recovery.
Vote on Money Fund Rules Called Off
August 24, 2012 By
After Mary Shapiro, the Securities and Exchange Commission head lost a swing vote that would allow the rules for the mutual fund and money market industry to push through, the highly-awaited vote was called off.
Shares of Best Buy Drop to Its Lowest Level in Nine Years
August 22, 2012 By
Shares of Best Buy (NYSE:BBY) have gone down to its lowest level in nine years even as the positive quarterly results of Urban Outfitters (NASDAQ:URBN) has allowed the company to go up significantly as it outpaced all gainers in the retail sector.
