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Stock Market & Financial Investment News

News Breaks
November 25, 2012
15:52 EDTKCGKnight CEO says 'business as usual" amid unit sale talk, Bloomberg says
Knight Capital (KCG) CEO Thomas Joyce told employees that a sale of its market-making business would only be done if it makes sense for the company, reports Bloomberg. Reference Link
News For KCG From The Last 14 Days
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September 23, 2014
16:23 EDTKCGKCG Holdings to cut 4% of workforce, to recognize pre-tax charge of $5M-$6M
KCG Holdings disclosed in a regulatory filing that on September 2, KCG Holdings commenced a workforce reduction plan. This action is designed to rationalize redundancies, improve efficiency and realign resources to areas with a greater potential for future growth. The workforce reduction plan impacts approximately 4% of KCGs workforce, and will be completed by early October. KCG currently estimates that it will recognize a pre-tax charge in connection with the workforce reduction of $5M to $6M during the third quarter. The charge is expected to consist of severance, other one-time termination benefits, and other associated costs. KCG expects $3M to $4Mon of these charges to result in future cash expenditures. In addition to the charges associated with this workforce reduction plan, KCG estimates that it will recognize additional pre-tax charges of approximately $6M to $7M in connection with other employee separations that occurred during the third quarter.
September 18, 2014
07:33 EDTKCGUBS to hold a conference
FinTech Conference to be held in New York on September 18.

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