“Blind luck” is how Jack Johns characterized his 16 percent profit on something he read about on the Internet called Master Limited Partnerships. Johns, a retired postal worker from Rincon, Georgia, said he sold his MLP investments within a year because he realized he didn’t really know what he’d bought.
Symantec Corp. is hiring JPMorgan Chase & Co. to explore its options and defend itself from activist shareholders, according to people with knowledge of the situation, as the security-technology company faces investor pressure to improve its business.
Morgan Stanley and Goldman Sachs Group Inc. both decided last month that it was worth losing millions of dollars in fees to get credit on a big merger they didn’t work on, four people with knowledge of the matter said.
Go Daddy Operating Co., the website registration and hosting company, has picked Morgan Stanley and JPMorgan Chase & Co. to manage an initial public offering this year, people with knowledge of the matter said.
More than five months ago, the Federal Reserve and Office of the Comptroller of the Currency told some of the biggest banks to improve underwriting standards for non-investment-grade loans. The market is showing few signs of tightening as lenders chase lucrative fees.
Sempra Energy and AGL Resources Inc. have expressed interest in buying Energen Corp.’s natural gas utility, which could fetch more than $1 billion, people with knowledge of the matter said. Energen’s shares rose.