Posts Tagged ‘wall street journal’
Deutsche Boerse To Have More Board Seats
Written by admin
Tuesday, 15 February 2011 09:48
No Comments

NEW YORK (TheStreet) — Once Deutsche Boerse completes its takeover agreement with NYSE Euronext, the parent of the New York Stock Exchange, the 17-member board of the combined firm will mostly be drawn from the Germany company, The Wall Street Journal reports.

The combined company’s board is likely to be divided to reflect the roughly 60% stake that would be held by current shareholders of Deutsche Boerse if the deal is completed, a person familiar with the matter told the newspaper. That would mean 10 directors from Deutsche Boerse and seven from NYSE Euronext.

The new board is expected to have a one-tier structure, according to a person familiar with the situation, the Journal reports, noting that a two-tier structure is more common at German companies.

…


Click to view a price quote on NYX.

Click to research the Financial Services industry.



 
Iran Takes Aggressive Stance on Protests
Written by admin
Tuesday, 15 February 2011 02:36
No Comments

NEW YORK (TheStreet) — Protesters in Iran are getting a strong-arm response from the government, according to multiple media reports on Monday.

Both the New York Times and Wall Street Journal are saying Iranian police have been beating the protesters and using tear gas to break up crowds that apparently appeared in several cities in the country.

The WSJ report said the crowds have numbered in the “tens of thousands”, while the Times said witness accounts and reports from within the country suggest 20,000 to 30,000 protesters gathered.

…



 
JPMorgan Plans New-Media Fund: Report
Written by admin
Monday, 14 February 2011 10:12
No Comments

NEW YORK (TheStreet) — JPMorgan Chase plans to start a fund that would invest in Internet and digital-media companies, The Wall Street Journal reports, citing people familiar with the matter said.

The planned fund is expected to raise between $500 million and $750 million, the people said, the Journal reports. JPMorgan’s asset-management unit will run the fund.

The Journal says it’s not clear if JPMorgan plans to invest directly in the target companies or buy and sell shares on behalf of clients. But the fund will target “late-stage” private companies, or those with an up-and-running business model, steady revenue and cash flow, according to people familiar with the situation.
…


Click to view a price quote on JPM.

Click to research the Banking industry.