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February 16, 2000 | Bloomberg News, Times staff
The initial public offering market has been welcoming many Internet and biotech stocks with open arms, but several IPOs are just feeling squeezed. Among Tuesday's victims: * John Hancock Financial Services (JHF) shares slid further below their recent offering price, dropping $2 to $14 on the New York Stock Exchange. The insurer's stock, which went public Jan. 27 at $17, has dropped more than 20% in the last two sessions. Analysts said underwriter Morgan Stanley Dean Witter & Co.
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BUSINESS
April 20, 2001 | GREG JOHNSON, TIMES STAFF WRITER
A cynic might argue that PSINet Inc. should have used red ink in 1999 when it signed a deal to pay $105 million to put its corporate logo on the Baltimore Ravens' new football stadium. Less than three years into its 20-year contract, the Ashburn, Va.-based company has acknowledged that it soon might run out of cash and be forced into a bankruptcy filing.
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