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Stock Market & Financial Investment News

News Breaks
March 18, 2014
12:52 EDTYHOO, ICE, NDAQNYSE front-runner to gain Alibaba listing, WSJ says
IntercontinentalExchange's (ICE) New York Stock Exchange is the front-runner to gain the listing for the shares of Chinese e-commerce company Alibaba, according to The Wall Street Journal, citing people familiar with the matter. A final agreement hasn't been finalized, but Alibaba indicated to people involved in the matter that it prefers the NYSE Euronext to the NASDAQ (NDAQ). Yahoo (YHOO) owns a 24% stake in Alibaba. Reference Link
News For ICE;YHOO;NDAQ From The Last 14 Days
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August 27, 2015
06:33 EDTYHOOYahoo announces Tumblr sharing tools at Mobile Developer Conference
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August 25, 2015
06:13 EDTYHOOThird Point, FTC settle over antitrust filings for 2011 Yahoo stake
Three affiliated hedge fund companies and their management company, Third Point LLC, have agreed to settle Federal Trade Commission charges that they violated premerger reporting laws in connection with their 2011 acquisitions of stock in Yahoo! Inc. The complaint alleges that Third Point Partners Qualified L.P., Third Point Ultra, LTD, and Third Point Offshore Fund, LTD failed to observe the filing and waiting requirements of the Hart-Scott-Rodino Act before purchasing shares in Yahoo. According to the complaint, the three defendant funds claimed that they were exempt from reporting to the U.S. antitrust authorities because the purchases were made solely for investment purposes. At the time of the stock purchases, however, defendant Third Point LLC, which made investment decisions on behalf of the funds, was taking actions inconsistent with an investment-only intent, such as communicating with third parties to determine their interest in becoming the CEO or a board candidate of Yahoo. Under the terms of the proposed stipulated five-year federal court order, the defendants are prohibited from relying on the investment-only exemption if they have contacted third parties to gauge their interest in joining the board of the target company, communicated with the target company about proposed candidates for its board, or engaged in other specified conduct in the four months prior to acquiring voting securities above the HSR Act threshold. In this case, the agencies determined not to seek civil penalties based on several factors, including that the violation was inadvertent and short-lived, and this was the defendants' first violation of the HSR Act.
August 23, 2015
15:30 EDTICE, NDAQAmerican stock exchanges to ramp up anti-spoofing efforts, NY Post says
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August 19, 2015
13:15 EDTNDAQBox to open NYC headquarters, hires Adam Ross to lead financial services team
Earlier today, Box (BOX) announced it is opening a full-scale office in New York City to expand its global presence and better serve its fast-growing enterprise customer base. The company also announced that Adam Ross has joined Box to lead the company's financial services team as a part of the Box for Industries initiative. Mr. Ross, who will be based in New York City, will be responsible for driving Box's strategy in the financial services industry, speeding adoption of Box's secure content collaboration platform with banks, insurance companies, and investment and advisory firms globally. "Now more than ever, the most highly regulated industries - from financial services to healthcare - require modern digital technologies that accelerate business and deal with outdated compliance procedures, new regulations, and cybersecurity threats," said Aaron Levie, CEO and co-founder, Box. "We're thrilled to be building out a presence on the East Coast where we'll continue hiring the best talent to bring our secure enterprise cloud platform to customers with the most strict technology needs and requirements." Ross brings more than 20 years of financial services industry experience to Box. Most recently, Ross was VP of Global Corporate Solutions at NASDAQ (NDAQ), where he helped lead the development and delivery of a state-of-the-art, cloud-based suite of products and services to thousands of global customers.
08:06 EDTNDAQNASDAQ enters into partnership with Visible Alpha
The Corporate Solutions business of Nasdaq and Visible Alpha announced an exclusive agreement to provide detailed analyst forecast data and models on the Nasdaq IR Insight platform. Through this partnership, select corporate executives and investor relations officers will gain the capability to compare and contrast the financial and operating assumptions of the sell-side analysts that drive market expectations of their companies.
07:41 EDTYHOOYahoo price target lowered to $56 from $62 at Cantor
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August 17, 2015
19:29 EDTYHOOFacebook tests expanded blog capabilities, CNET says
Facebook (FB) is testing an expanded version of its "notes" feature, allowing users to include large background photos in the blog-like service, reports CNET. The new look puts the service more in line with Yahoo's (YHOO) Tumblr blogging platform, said the report, and a Facebook spokesperson remarked that the test aims to "make it easier for people to create and read longer-form stories on Facebook." Reference Link
13:34 EDTYHOOBuzzFeed and Yahoo Japan in JV, FT reports
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