Singapore’s main stock exchange will list shares of Formula One racing in an initial public offering that could happen as early as next month and raise an estimated $2 billion to $3 billion.
Read moreCosi’s CEO defended the company’s plan to issue $15 million in new shares later this month during the company’s conference call and said he expects Cosi to post a profit for fiscal 2012, excluding interest, taxes and other non-cash items.
Read moreJewel-Osco parent Supervalu Inc.’s declining sales and increased competition underlie the news this week that Standard and Poors dropped the company’s stock from its bellwether index.
Read moreMead Johnson shares vaulted higher after its first-quarter earnings beat the analysts’ estimate by 3 cents on the strength of rising revenues in emerging markets.
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