Merrill Lynch Retail HOLDR (RTH)- The investment seeks to diversify your investments in the retailing industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The trust holds securities issued by specified companies that, when initially selected, were in the retailing industry. Except when a reconstitution...

Citigroup Inc. (C) , down 33 cents at $4.80- The bank turned its first annual profit since 2007, but its quarterly results fell short of Wall Street analysts’ estimates. Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking,...

Cardinal Health (CAH) is one of today’s notable stocks on the rise, up 1.2% to $41.06. The stock traded as high as $41.35 during mid-day trading and last traded at $41.16. The stock previously closed at $40.59. The S&P is currently trading fractionally lower to 1,292 and the Dow Jones Industrial Average is trading fractionally higher to 11,807. Cardinal Health...

A team of proprietary traders, led by Daniele Benatoff and Ariel Roskishas, at Goldman Sachs (GS) are leaving the investment bank to set up a new hedge fund, sourced a $300 million investment from Brummer & Partners. Brummers & Partners, a European hedge fund, is believed to have been responsible for providing the capital to help fund the new launch. The news arrives...

Citigroup Inc. (C) appointed Adrian Nye as head of its agency and trust business in the Asia Pacific region. Adrian Nye, who joined Citigroup in 2001, will be responsible for broadening Citigroup’s range of corporate trust services in capital markets, mergers and acquisitions, project finance and securitization in the Asia Pacific region. Adrian Nye, who has 17 years...

B2B Internet HOLDRs (BHH)- The investment seeks to diversify your investment in the B2B segment of the Internet industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The trust holds shares of common stock issued by specified companies that, when initially selected, were involved in the B2B segment...

RBS Sempra Commodities founders, David Messer former chief executive, Frank Gallipoli, formerly president, and Robert Feilbogen, the former chief operating officer, launched a private-equity firm Stone Point Capital LLC backed commodity-trading business company- Freepoint Commodities. The new company will “be focused on doing business with clients” in sectors...

Aeroflex Holding Corp. (ARX), which makes electronics for the communications, aerospace and defense sectors, priced its U.S. initial public offering  (IPO) on Thursday at the low end of a planned range . Goldman Sachs Group (GS), Credit Suisse Group AG (CS), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) are underwriting the offering. The deal raised $233 million...

HIGH DEMAND, The Detroit automaker, General Motors Co. (GM) increased the size of its convertible preferred stock offering added 20 million shares by $1 billion,it raised the estimated price range for common shares by about 14 per cent to US$32 to $33. The IPO would be the second-largest in U.S. history, after San Francisco-based Visa Inc.’s $19.7 billion sale in March...

Singapore state investment firm Temasek Holdings Pte (TEM) bought Bank of America’s (BAC) entire entitlement in China’s No. 2 lender China Construction Bank’s (0939.HK) $9.2 billion rights issue. China Construction Bank (CCB) plans to raise up to US$9.2 billion in Asia’s biggest rights issue outside Japan. Bank of America (BAC), China Construction...

Goldman Sachs Group (GS) plans to pull $120 million from Philip Falcone‘s main hedge fund, Harbinger Capital Partners LLC, due to lagging returns and the revelation that Falcone borrowed money from a smaller fund that had suspended client redemptions. Falcone’s Harbinger Capital Partners LLC has lost 15% as of mid-October and investors have voiced concerned...

Morgan Stanley Smith Barney (MS) hired back William “Bill” Van Scoyoc as a branch manager two months after he left the brokerage to join rival UBS Wealth Management Americas, a unit of  UBS AG (UBS) (UBSN). In September, Van Scoyoc was hired to lead a new UBS brokerage complex in New York City, located at 101 Park Avenue, after about 15 years at Dean Witter...

General Motors Co. disclosed estimated terms for a nearly $13 billion initial public offering to repay and reduce its stake in the company to below 50%. General Motors Co. says the company’s shares will be priced between $26 and $29 each in an initial public offering. GM also says it has split its shares three-for-one in advance of the IPO, which is expected later...

To accelerating its overseas expansion, Japan’s biggest bank , Mitsubishi UFJ Financial Group (8306) (MUFG) is in talks to buy the project financing unit of the Royal Bank of Scotland’s (RBS), in a deal reportedly worth $6.4 billion. Mitsubishi UFJ Financial Group (MUFG) plans to take RBS’ loan assets, particularly infrastructure loans in Europe, Middle...

American International Group Inc’s (AIG) Asian life insurance business, AIA Group Ltd (AIA) is aiming to raise up to $20.5 billion, including a rare upsize option, by listing AIA on the Hong Kong stock exchange. It has been reported in the press that IPO of AIA will likely value the unit between $28.5 billion and $30.5 billion, and could raise more than $15 billion...

Power company Sempra Energy (SRE) and Royal Bank of Scotland Group PLC (RBS) said  they have sold off the remaining assets of their profitable commodities trading unit, RBS Sempra Commodities, to J.P. Morgan Chase & Co. (JPM) for $220 million. Sempra Energy expects its share of the proceeds to total $1.8 billion to $1.9 billion. Sempra Energy expects third-quarter...

Brazil’s leading hedge fund manager, Luis Stuhlberger, who manages Brazil’s largest hedge fund, is in talks with Credit Suisse (CS) to create an independent fund management group within the bank’s structure in the country. Luis Stuhlberger is the Chief Investment Officer of  Credit Suisse Hedging-Griffo (CSHG) and responsible for its asset management...