Trading on Nasdaq securities stopped due to technical issues August 22, 2013 US stock exchanges today stopped trading in all securities listed on the Nasdaq due to a technical issue in the data feed providing market data for Nasdaq-listed securities. Nasdaq-listed stocks represent about 28 per cent of all shares traded so far this month, according to BATS Global Markets. Companies listed on the Nasdaq include Apple, [...]
US authorities sign off $10.2bn takeover of the New York Stock Exchange August 16, 2013 The Securities and Exchange Commission has approved the $10.2bn takeover of NYSE Euronext – parent company of the New York Stock Exchange, the NYSE Arca platform and the NYSE MKT – by the IntercontinentalExchange (ICE). This approval is one of the last required before the acquisition can be closed, creating the world’s second largest exchange [...]
New York Times chairman Arthur Sulzberger sells some of his shares August 13, 2013 NEW YORK Times chairman Arthur Sulzberger Jr has sold some of his shares in the company. Sulzberger sold 50,000 Class A shares last Thursday for $600,000 (£388,020), or $12 each, according to a US Securities and Exchange Commission filing. A New York Times spokeswoman said the sale was part of Sulzberger’s normal estate-planning and represented [...]
Cardiff City FC mull plan for a stock market float August 11, 2013 FORMER ENRC chairman Mehmet Dalman is pushing forward with plans to take newly promoted Cardiff City Football Club onto the stock market. The Square Mile veteran, who is chairman at the club, is understood to have met with capital market bankers to discuss plans for the club, which could include a market float. Hong Kong [...]
New York Report: Microsoft’s rise helps lead US shares higher August 8, 2013 US stocks advanced yesterday, snapping a three-day losing skid as a rally in Microsoft helped lift the technology sector. The three major US stock indexes all managed to shake off early losses as Microsoft shares climbed. The stock closed up 2.6 per cent at $32.89 in heavy volume. The S&P information technology sector index rose [...]
New York Report: Slow day on Wall Street as shares decline August 5, 2013 THE DOW and the S&P 500 dipped yesterday in the thinnest volume so far this year, following their record closing highs last week as a lack of major news left the market directionless. Although about 100 companies in the S&P 500 are still scheduled to report earnings, the season is winding down sharply after last [...]
Cuts lift NYSE Euronext earnings July 30, 2013 NYSE EURONEXT, which is being bought for $8.2bn (£5.4bn) by IntercontinentalExchange, yesterday reported a 38 per cent rise in second-quarter earnings, helped by cost cuts and one-off gains. The New York Stock Exchange’s parent said net income was $173m, or 71 cents a diluted share, compared with $125m, or 49 cents a share, a year [...]
Fed goes after Wall St giant July 25, 2013 US FEDERAL prosecutors yesterday criminally indicted a top Wall Street hedge fund over allegations that years of spectacular performance were partly based on insider trading. SAC Capital Advisors was charged by a court in New York on four counts of securities fraud and one count of wire fraud following a seven-year investigation by regulators. No [...]
Amex sees its earnings rise on higher fees July 17, 2013 CREDIT card company American Express reported a five per cent increase in quarterly profit as it charged higher fees and earned more commissions on its cards. American Express, which gets the bulk of its US billed business from affluent corporate customers, said cardmember spending increased eight per cent in the quarter, adjusted for foreign currency [...]
KKR in bumper bonus payout to co-founders February 24, 2013 THE FOUNDERS of private equity giant KKR pocketed a $34m (£22.5m) bonus and $100m share award each last year after a bumper 12 months for the New York-based firm, regulatory filings show. Cousins Henry Kravis and George Roberts – who founded the buyout shop with Jerome Kohlberg in 1976 – received a base salary of [...]