Stock Market & Financial Investment News

News Breaks December 21, 2012 12:59 EDT ICE, NYX ICE to pay NYSE $750M if merger fails to gain antitrust clearance In an SEC filing earlier this morning, potential penalties and other stipulations for both parties in the proposed IntercontinentalExchange (ICE) and NYSE Euronext (NYX) merger were outlined. Under the merger agreement, neither NYSE Euronext nor ICE may solicit competing proposals or, subject to exceptions that permit their respective boards of directors to take actions required by their fiduciary duties, participate in any discussions or negotiations regarding alternative business combination transactions. Either NYSE Euronext or ICE may terminate the merger agreement under certain specified circumstances, including if its respective board of directors determines in good faith that it has received a “superior proposal," and the party that is not entering into the superior proposal will be entitled to a fee of $300M. In addition, in the event that either the NYSE Euronext board or the ICE board changes it recommendation under the terms of the merger agreement other than for a superior proposal, then the party changing its recommendation must pay the other $450M. In the case of a failure to obtain required antitrust clearances or regulatory approval prior to the termination date and subject to certain other conditions, the merger agreement provides for ICE to pay NYSE Euronext a $750M fee upon termination. News For ICE;NYX From The Last 14 Days Check below for free stories on ICE;NYX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 17, 2013 16:49 EDT NYX, ICE IntercontinentalExchange takeover of NYSE to get EU approval, WSJ reports Subscribe for More Information 09:48 EDT NYX, ICE EU to approval ICE's bid for NYSE without conditions, Reuters reports Subscribe for More Information 09:05 EDT ICE, NYX EU to approve ICE $8.2B takeover bid for NYSE without conditions, Reuters says June 12, 2013 07:10 EDT NYX Exchanges no longer avoid legal scrutiny, Bloomberg reports Subscribe for More Information 06:05 EDT NYX On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: The tectonic plates of the world economy are shifting, moving the yield on the 10-year Treasury to the highest level in more than a year and shaking financial markets. Now, some constants are being questioned in markets, triggering paroxysms in stocks, bonds, commodities and the currencies of emerging markets, the Wall Street Journal reports...Drugstores (CVS, RAD, WAG) are preparing to change how they stock and sell a widely used emergency contraceptive after the Obama administration agreed to allow the pill to be sold over the counter to customers of all ages. Sold primarily under the brand name Plan B (TEVA, ACT, PRGO), the pill is currently stocked behind pharmacy counters, the Wall Street Journal reports...REUTERS: If currency turbulence in emerging markets becomes a full-scale investor flight, the Fed may have a new headache in deciding when to slow its dollar printing policy. The link between U.S. monetary policy and currency runs on the other side of the world could be tighter than many assume, Reuters reports...Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the carmaker is shifting to improving quality from aggressively expanding sales, Reuters reports...BLOOMBERG: Exchange executives (NYX, NDAQ), long shielded from legal scrutiny in the U.S., have been put on notice that may be changing after federal regulators fined CBOE Holdings (CBOE) $6M for unprecedented lapses in supervision, Bloomberg reports...Borealis Infrastructure Management and its Kuwaiti-British partners abandoned their $8.3B bid for the U.K. water utility Severn Trent (SVTRY) as the offer deadline expired, Bloomberg reports. June 10, 2013 07:11 EDT NYX National Investor Relations Institute to host conference Subscribe for More Information June 8, 2013 16:50 EDT ICE, NYX ICE CEO willing to lose NYSE market share to end rebates, Reuters says After the NYSE Euronext (NYX) sale to ICE (ICE) goes through, the New York Stock Exchange may give up giving large rebates for order flow, said ICE CEO, Jeff Sprecher. Speaking at an industry conference, Sprecher admitted that if the NYSE did not compete for stock orders through rebates it would likely lose market share but even so the Big Board should be focused on money making trades and not paying for order flow, added Reuters. Reference Link June 7, 2013 09:20 EDT ICE IntercontinentalExchange reports record daily volume in USDX futures Subscribe for More Information June 6, 2013 06:52 EDT NYX NYSE Euronext glitch caused some European exchanges to open late, AP says Subscribe for More Information June 5, 2013 11:44 EDT NYX NYSE stock-volatility safeguards get SEC approval, WSJ reports Subscribe for More Information 05:55 EDT NYX NYSE Euronext reports trading volumes for May Subscribe for More Information June 4, 2013 08:32 EDT ICE IntercontinentalExchange reports daily futures volume for May Subscribe for More Information 06:06 EDT NYX More Chinese firms consider IPOs in the U.S., WSJ reports Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.