MasterCard IPO prices below forecast
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MasterCard Inc., the world&#039;s No. 2  credit-card association, priced an initial public offering of  stock worth about &#36;2.4 billion on Wednesday, amid expectations  of strong demand for one of the financial services industry&#039;s  top brands.
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Sobering expectations â foreshadowed on Sunday when management announced lower prices â weighed on the companyâs already drooping stock.
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Marks &amp; Spencer experienced poor summer trading and is expected to announce terms for its Â£2.3bn tender offer substantially below the 400p per share that billionaire Philip Green was prepared to pay to take over the ailing retailer two months ago.
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HONG KONG: Hong Kong blue chip stocks opened marginally lower on Friday, but TPV Technology jumped over 7 per cent on news it would buy the PC monitor business of Dutch electronics giant Philips .
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The was plenty of news but not much in the way of price movements on the sharemarket today. The benchmark NZSX-50 gross index was up 6.50 points to 2861.
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Barclays&#39; surprise announcement that costs will rise faster than expected next year as it beefs up its key investment bank and credit card division sent its shares lower yesterday.
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Stocks fell on Friday, with the Dow dropping more than 2 percent, after American Express Co  warned of mounting credit-card defaults, adding to expectations of a U.S. recession.
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Sobering expectations â foreshadowed on Sunday when management announced the lower prices â weighed on the companyâs already drooping stock.
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Stock futures fell on Wednesday,  pointing to a lower market open, as weaker-than-expected  earnings from J.P. Morgan Chase & Co. JPM.N, the second  largest U.S. bank, and an investigation into the insurance  industry soured Wall Street's mood.
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A low P/S ratio can point to undervalued companies.
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SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering isn't as popular as expected, the company lowered its estimated price range to between $85 and $95 per share, down from the earlier prediction of $108 and $135 per share...
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The company's IPO was underwhelming, but the long-term prospects look promising.
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U.S. retail gasoline demand slipped last week amid an uptick in pump prices, sending purchased volumes below year-ago levels for the first time in nearly five months, MasterCard Advisors said on Tuesday.
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Investors may want to shop elsewhere for inexpensive retail stocks.
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Stocks fell on Friday after American Express Co  was the latest company to warn of mounting credit-card defaults and slowdown in consumer spending, adding to expectations of a U.S. recession.
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PC Mall Inc. spin-off eCost.com Inc. priced its initial public offering at $5.80 and expects to begin trading on the Nasdaq on Friday, making its debut during a lull for IPOs that is scheduled to last through mid-September.
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LONDON (CBS.MW) - US stock futures were tracking lower on Monday, indicating expectations for a weaker start despite a couple of anticipated deals.