Hints and tips:
...Shares in smaller, Alzheimer’s-focused biotechs Denali Therapeutics and Alector rose more than 5 per cent on Tuesday....
...Biotech companies are taking a variety of approaches, with Bay Area start-up Denali Therapuetics exploring anti-inflammation strategies and Alector targeting the brain’s immune system....
...The tracking stock also carries higher risk than VMware’s ordinary shares, because it has been issued by Dell’s parent company, Denali, the highly-leveraged private vehicle used to mount the acquisition....
...Despite being protected by The Federation, VMware is being captured by the secretive aliens of Denali. Yet this is a side-effect of the biggest tech deal in history....
...Dell’s holding company, Denali, has set up a capital stock committee, made up of independent directors, to review any changes to the shares in future....
Tie-up’s approval could pave way for further bank consolidation
...Mr Dell was “Mr Denali”. The company was called “Osprey”. And Silver Lake became “Salamander”....
...Zions Bancorporation , the Utah-based bank, has climbed 17.3 per cent to $22.28 since last Friday as the bank said this week that it planned to repay part of its $1.4bn in US government bailout funds....
...Zions Bancorporation soared 10.5 per cent to $21.58 as the bank said it planned to issue $600m in senior debt to help repay $1.4bn in US government bailout funds....
...An earnings miss by Zions Bancorporation highlighted the ongoing risk to US banks from souring loan securities....
...How many such whizz kids work at Zions Bancorporation in Salt Lake City, for instance? Many of the smaller banks are, of course, simpler institutions than the Wall Street heavyweights....
...The Denali project, 50-50 owned by BP and Conoco, had been billed as the largest private sector construction project in North America....
...Elsewhere, Zions Bancorporation fell 1.2 per cent to $23.11, while Regions Financial lost 1.8 per cent to $7.17. Goldman Sachs was 1.3 per cent lower to $158.65....
...Losses on the broader financial indices were pared thanks to Zions Bancorporation, which added 3.9 per cent to $23.85 after the bank reported its first quarterly profit in 2½ years, surprising investors...
...PNC Financial Services gained 4.4 per cent to $63.37 while Zions Bancorporation rose 2.9 per cent to $23.14....
...Zions Bancorporation declined by 1.3 per cent to $20.20, SunTrust Banks lost 1 per cent to $24.41 and Regions Financial Corp was lower by 1.8 per cent at $6.12....
...Among regional banks, Marshall & Ilsley rose 4.5 per cent to $7.27 and Zions Bancorporation added 7.4 per cent to $21.31....
...Currently some 36 names – from Bank of America to Zions Bancorporation of Salt Lake City – fall into this category....
...$41,500,000 Western Alliance Bancorporation $140,000,000 Webster Financial Corporation $400,000,000 Pacific Capital Bancorp $180,634,000 Heritage Commerce Corp....
...Still, Zions Bancorporation offered at least some comfort to badly hit regional banks after successfully raising capital. The shares rose 11.5 per cent to $37.48 on Friday....
...Citigroup also downgraded its recommendation on Zions Bancorporation from “buy” to “hold”. The shares in Zions fell 14.2 per cent to $40.54....
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