Angie's List was one of at least 10 American companies to file for an initial public offering this week after others shelved offerings at a record pace this month.
INSIDER TRADING
Former accountant for Marvell is free on bond
Former Marvell Technology Group accountant Stanley Ng, charged in a nationwide crackdown on insider trading, made an initial court appearance in New York and was released on a $50,000 bond.
Ng, 42, didn't enter a plea Friday at his first federal court appearance in Manhattan. U.S. Magistrate Judge James Francis agreed to release Ng on a bond secured by one financially responsible person and his Cupertino home and ordered him to surrender his passport. Both Ng and his lawyer, Silvia Serpe, declined to comment after court.
He was arrested Aug. 10 for allegedly leaking material non-public information to Fremont resident Winifred Jiau, a former consultant with expert-networking firm Primary Global Research LLC. He's charged with one count of conspiracy to commit securities and wire fraud and faces up to five years in prison if convicted.
LOANS
Anglo Irish Bank loans are auctioned
Wells Fargo, JPMorgan Chase, and Lone Star Funds won the bidding for Anglo Irish Bank's $9.65 billion portfolio of U.S. real estate loans, said three people who were briefed on the auction's results.
Wells Fargo and JPMorgan each won pools of mainly performing loans, said one of the people, who asked not to be named because the results haven't been made public. Lone Star won subperforming and nonperforming loans, the person said.
Spokesmen for all four companies declined to comment.
Anglo Irish is seeking to unload loans after being seized by the Irish government in January 2009 amid a surge in souring debt. The offering includes loans backed by buildings such as the Apthorp apartments in Manhattan and Two Rodeo Drive shopping center in Beverly Hills.
INITIAL PUBLIC OFFERING
Angie's List seeking $75 million as pace picks up
Angie's List Inc., the Indianapolis operator of the eponymous consumer-review website, is seeking $75 million in a U.S. initial public offering as the pace of IPO filings picks up.
The company didn't say how many shares it will sell or at what price, according to Thursday's filing with the Securities and Exchange Commission. The offering amount is a placeholder number used to calculate registration fees and may change.
Angie's List is one of at least 10 companies to file for a U.S. IPO this week after others shelved offerings at a record pace earlier this month during a global stock-market plunge.
This article appeared on page D - 2 of the San�Francisco�Chronicle
Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/26/BU691KSF52.DTL
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