NEWS
MARKET WATCH Turning Ugly Ducklings Into Golden Geese
By Gretchen Morgenson NEW YORK — While the New Economy continues to rule the hearts, minds and wallets of most investors, there appears to be a stirring among the Old Economy stocks left for dead on Wall Street. Shrewd institutional investors, who know a bargain when they see one, and corporate managements, fed up with … Continue reading MARKET WATCH Turning Ugly Ducklings Into Golden Geese
BankUnited Shares Rise 5% on First Day
BankUnited’s public offering received a warm reception on Friday morning, as shares rose nearly 5 percent to around $28.25 in the first few hours of trading. As with other I.P.O.’s this week, BankUnited, a Florida-based lender, priced its offering higher than expected at $27 a share, raising about $780 million. BankUnited previously predicted a range … Continue reading BankUnited Shares Rise 5% on First Day