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Stock Market & Financial Investment News

News Breaks
March 18, 2013
07:09 EDTCME, ICE, NYX"Wash trades" investigated by CFTC, WSJ reports
The Commodity Futures Trading Commission is investigating whether high-frequency traders are routinely distorting stock and futures markets by illegally acting as buyer and seller in the same transactions--known as wash trades--sources say. They’re banned by U.S. law because they can feed false information into the market and be used to manipulate prices, reports the Wall Street Journal.Reference Link
News For CME;ICE;NYX From The Last 14 Days
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October 22, 2014
17:44 EDTCMEGFI Group special committee to review tender offer from BGC Partners
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06:34 EDTCMEBGC Partners could make hostile $675M bid for GFI Group, WSJ reports
In a move to thwart the sale of GFI Group (GFIG) To CME Group (CME), BGC Partners (BGCP) is planning to make a hostile bid to GFI for $675M, the Wall Street Journal reports. BGC's $5.25 per share tender offer to GFI shareholders, which is 15% higher than CME's offer, could come as early as this morning. Reference Link
05:29 EDTCMEBearCom Group begins cash tender offer to acquire GFI Group for $5.25 per share
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October 14, 2014
09:33 EDTCMECME Group to reduce global workforce by 5% or about 150 positions
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October 13, 2014
10:08 EDTCMEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
07:42 EDTICENYSE gets SEC approval for proposed rule changes
The New York Stock Exchange, on October 9, got final SEC approval for a rule change to amend its Rule 13 to allow an Add Liquidity Only modifier for day limit orders and to allow the day time-in-force condition and ALO modifier for Intermarket Sweep Orders. Analysts say the change allows the exchange to potentially gain ground on rivals that have long had the same deal, according to the New York Post, which quoted Haim Bodek as saying, “This is basically a blessing for exchanges to continue volume growth by accommodating HFT strategies and introducing asymmetry in the marketplace." Reference Link
07:11 EDTCMECME Group downgraded to Market Perform from Outperform at Wells Fargo
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