Markets News Afternoon: Davy clients expected to lose $200m investment in US publisher Houghton Mifflin Harcourt/EMPG; Shares rise in Europe and US
Jan 13th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; US educational software publisher Houghton Mifflin Harcourt Publishing Co.said Wednesday it will undergo a "comprehensive balance sheet restructuring." In 2006, Davy Stockbrokers raised about $200 million from 150 private clients of Davy and a number of other wealthy individuals to invest in the deal.