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May 14 (PFI) - The former head of investment banking for EMEA at Credit Suisse will receive a stock bonus worth about US$45 million in today's terms from his new employer over the next seven years, according to a regulatory filing.Jamie Welch left Credit Suisse in early May to become chief financial officer and head of business development at Energy Transfer Equity , a diversified energy company based in Houston, Tx.Welch's annual salary at ETE will be US$550,000 with a guaranteed 100 percent bonus. He will receive 750,000 shares, currently priced at US$60 each, over the next seven years if he stays with the company.Welch started as a project finance lawyer at Minter Ellison in Melbourne and moved to Milbank Tweed in New York in the mid 1990. He later joined Lehman Brothers and then the project finance team at CSFB in 1997.He was named head of energy and moved to London last year.Credit Suisse named Marisa Drew and Ewen Stephenson as co-heads of investment banking EMEA to replace Welch...
During trading today, both the Utilities sector (XLU) and the S&P500 showed little movement.Cadiz (NASDAQ:CDZI) was one of the sector's big losers, as its price drop...
Here are stocks that are up on high volume:Trading with a volume of 10.4 million, or 2.8 times its average daily volume, Warner Chilcott (NASDAQ:WCRX) is up on high ...
Energy Transfer Partners L.P. (ETP) agreed to acquire independent refiner Sunoco Inc. (SUN) in a $5.3 billion deal that would greatly expand the reach of Energy Tran...
Sunoco (NYSE:SUN) inked a $5.3 billion takeover on Monday from pipeline operator Energy Transfer Partners (NYSE:ETE) that values the independent refiner at a 22.5% p...
During trading today, the Utilities sector (XLU) showed little change while the S&P 500 fell 0.3%.The ETF is exceeding its 50-day moving average by 3.2% and its 200-...
Plains withdraws $1 billion bid for rival pipeline and oil storage company-SemGroup had adopted "poison pill" strategy against bid-Takeover attempt was latest in bus...
DOW JONES NEWSWIRESEnergy Transfer Partners LP's (ETP) fourth-quarter profit fell 8.9% as mild winter weather dragged on the natural-gas pipeline operator's propane ...
FOX Business: The Power to ProsperStocks shed morning gains and sunk into the red Thursday after Federal Reserve Chairman Ben Bernanke told lawmakers the central ban...
FBN’s Adam Shapiro on reports Twitter is raising money in a new round of financing.
Energy Transfer Equity (NYSE:ETE) raised its offer for Southern Union (NYSE:SUG) to $8.9 billion in stock and cash, thwarting rival bidder Williams Cos. (NYSE:WMB).T...
FBN's Diane Macedo on Energy Transfer Equity raising its bid for Southern Union and Immucor Inc. agreeing to be acquired by TPG Capital for nearly $2B.
FBN's Diane Macedo on world markets, U.S. stocks and Energy Transfer Equity's new bid for Southern Union.
Heading into the start of trading Wednesday, the SPDR S&P 500 (NYSE:SPY) was up 10.6 percent year-to-date, including paid dividends. That sounds pretty good and it i...
Energy Transfer Partners LP (ETP) agreed to acquire Energy Transfer Equity LP's (ETE) stake in ETP Holdco Corp. through a $3.75 billion cash and stock deal that will...
Regency Energy Partners LP (RGP) has agreed to buy Southern Union Gathering Co. from Energy Transfer Equity L.P. (ETE) and Energy Transfer Partners L.P. (ETP) for $1...
The Laclede Group Inc. said Monday it'll buy Missouri Gas Energy and New England Gas Co. from Energy Transfer Equity L.P. and Energy Transfer Partners LP in a deal v...
The Utilities sector (XLU) held steady on a trading day that saw S&P 500 drop 0.7%.The ETF, as a proxy for the sector, tracked closer to the overall market today tha...
While the S&P 500 grew 0.8%, the Utilities sector (XLU) showed little movement during trading today.The ETF, as a proxy for the sector, tracked closer to the overall...
The S&P 500 lost 0.3% while the Utilities sector (XLU) showed little movement during trading today.Cadiz (NASDAQ:CDZI) was a major gainer in the sector, rising 7% (+...
