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Why Bank of America Sold Its BlackRock Stake

BlackRock, the world's largest publicly traded asset management firm, recently agreed to buy back Bank of America's remaining 7% stake in the company for about $2.5 billion. Trefis looks at why Bank of America is selling, what the buyback means for BlackRock, and what the effect will be for its stock.

Buying Opportunity in Shares of Amazon

As Amazon invests more in its business, its expenses have risen, putting a dent in earnings and sending its shares south. For many investors, this could be exactly the right time to buy shares.

Carlyle Group Planning IPO

Private equity giant Carlyle Group is planning an IPO to build capital to fund more buyouts. "There will be significant advantages to having a lot more capital," CEO William Conway told Bloomberg Businessweek. "Investors are reducing commitments to funds and making economic terms much less attractive."

Bill Gates Sells 2 Million Microsoft Shares

Bill Gates, founder of Microsoft Corp. (MSFT), sold 2 million shares in the company. Gates sold the shares in the open market on Nov. 2 at an average price of $27.23, according to an SEC filing. The transaction left Gates with 618,973,551 shares in Microsoft. Gates sold the shares in the open market on Nov. 2 at an average price of $27.23, Reuters reported.

GM Says Employees Can Buy IPO Shares

General Motors is offering some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.

United and Continental Shareholders to Vote on Merger

Shareholders of United%u2019s parent company UAL Corp (UAUA). and Continental Airlines (CAL) will vote today on a merger deal that would create the world%u2019s biggest airline. Results of the votes are expected later today, The Associated Press reported.

It Could've Been You: Five Wrongly Convicted People

Some of the best reads for investors from around the Web, including posts about the market rising in spite of the Hindenburg Omen, 10 high-yield stocks and signs we're in a depression instead of a recession.

Deutsche Bank Plans $11.5 Billion Share Sale

Deutsche Bank (DB), Germany%u2019s largest lender, is to announce a share sale worth as much as 9 billion euros ($11.5 billion) as it prepares for tighter regulations and aims to purchase a larger stake in Postbank. The plan may be announced early next week, The New York Times reported without naming its sources. Also next week, the Basel Committee on Banking Supervision may decide that banks should hold bigger capital reserves.

Panasonic to Acquire SANYO Common Stock in Tender Offer

Panasonic (PC) will acquire the shares of common stock of SANYO Electric Co (SANYY) through a tender offer, Panasonic announced. Panasonic currently owns 50.5% of the aggregate number of SANYO%u2019s issued shares, following a 2009 tender offer Panasonic said in a statement.

Vivus Hammered After FDA Panel's 'No' Vote

Pharmaceutical company Vivus is getting hammered in premarket trading, sinking more than 50% to around $5.32 in the wake of Thursday's vote by an FDA advisory panel against approving its weight-loss drug, Qnexa, based on safety concerns.

MBIA Shares Jump After Fairholme Buys 11.1% Stake

Share in financial services company MBIA are up more than 10% in pre-market trading after Fairholme Capital Management, the investment firm headed by Bruce Berkowitz, disclosed that it had purchased an 11.1% stake in MBIA, the world's largest bond insurer.

Tesla's Shiny New Stock
Runs Out of Juice

Electric car maker Tesla's Roadster has amazing acceleration, but the rise and fall of the company's stock after its high-profile IPO was even faster. Tesla debuted on the public market last week at $17 a share and shot up 79% to $30.42 in two days. Now, it's back below the IPO price.

Is It Time to Buy BP Stock?

Despite a week of miserable news from BP, the week closed with the stock up TK%. So is it time to buy shares? DailyFinance's Dan Burrows explains why there could be upside potential ahead.

Abu Dhabi Wants Out of Its Deal to Buy Citigroup Stock

When the Abu Dhabi Investment Authority struck a deal with Citigroup in 2007 to buy $7.5 billion in equity shares in exchange for an 11 percent dividend, it agreed to convert those shares into common stock later. Now, with Citi's stock below $4, the $30-plus per share Abu Dhabi agreed to pay is looking like a really bad bargain.