Facebook to ‘reinvent’ IPO by using a new, cheaper way

Facebook is looking to change the way its IPO process works to make sure it delivers a better outcome for its investors.As part of the IPO process, investors are asked to vote on whether to invest in the company.In addition to the company’s initial public offering, investors can buy shares in Facebook’s private companies orRead More

Citigroup to acquire Viking Global Investors in a $2.6bn cash transaction

Citigroup has completed the acquisition of Viking Global Investments, an equity investment firm that invests in startups and emerging markets.Viking Global, which has an investment portfolio of $1.8bn, will be renamed Viking Global Partners.The deal is subject to regulatory approval.Viking’s global investor relations director, Daniel T. Bocock, said the transaction will enable the bank toRead More

New York City: Wall Street to take steps to ensure that consumers are protected

Posted December 08, 2017 13:14:07 New York is poised to adopt legislation that would require companies to disclose consumer information, such as credit scores, when it seeks a license to offer financial products.The law would apply to all companies that offer consumer-focused financial services, including prepaid cards, credit-monitoring products, and payment services.The measure would alsoRead More

How Cigna Investors Are Investing in Amazon and Amazon’s Latest Acquisition

Cignal has been a major investor in Amazon, its latest acquisition being the acquisition of the popular grocery delivery service AmazonFresh.Cignals AmazonInvestorRelations.com.CFC’s investor relations site.CFA Investment Manager’s Investor Relations website.CFE Investment Manager.CFIRA Investor Relations.CFPE’s Investment Manager website.CIBC Investor Relations site.CIWS Investment Manager site.Citigroup Investor Relations homepage.Citibank Investor Relations Homepage.Citigold Investor Relations homepage.CIUL Investor Relations andRead More

Pfizer buys an investment company in Saudi Arabia

PFLP, the world’s largest publicly traded pension fund, on Tuesday said it had acquired a Saudi pension fund that it says could boost its overall stake in the country’s sovereign wealth fund.The investment company, AIG, is the largest private equity firm in the Middle East, with assets of more than $1 trillion.It is also theRead More

When Microsoft, Intel and other tech companies go dark

Microsoft, in partnership with Twitch, has announced plans to cut off all of its Twitch streamers, as well as the majority of its other video streaming platforms.The move comes after the company’s parent company, Time Warner, agreed to buy a controlling stake in Twitch.The Twitch deal, which was announced Friday, will give the two companiesRead More