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Stock Market & Financial Investment News

News Breaks
December 16, 2012
22:44 EDTNDAQ, AFL, WU, LHLook past traditional 'comfort stocks' to mitigate risk, Barron's says
With investors frantically moving to so-called "comfort stocks" and driving up the price, Nasdaq OMX Group (NDAQ), Aflac (AFL), Western Union (WU), and Laboratory Corporation of America (LH) could be more comfortable on your wallet as well as in your portfolio, Barron's postulates. Reference Link
News For NDAQ;AFL;WU;LH From The Last 14 Days
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April 17, 2014
16:31 EDTWUOn The Fly: Closing Wrap
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10:40 EDTWUMoneyGram, Western Union retreat after Wal-Mart launches competing service
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10:29 EDTWUWestern Union transfer share not materially hurt by Wal-Mart, says Sterne Agee
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09:15 EDTWUMoneyGram, Western Union slide after new money-transfer service from Wal-Mart
Shares of MoneyGram (MGI) are down 12.5% in pre-market trading and Western Union (WU) is down over 5% after Walmart (WMT) and Ria, a subsidiary of Euronet Worldwide (EEFT), announced the launch of Walmart-2-Walmart Money Transfer Service. Walmart said the service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for "up to 50% less than similar offerings on the market." Euronet shares are up nearly 8% before the open of the broader market, while Wal-Mart shares are fractionally higher.
09:13 EDTWUWestern Union volatility expected to move on Walmart money-transfer service
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09:09 EDTWUWestern Union down 5% after Wal-Mart launches new money transfer service
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09:00 EDTWUWestern Union falls 5.5%
Western Union is down 5.5%, or 89c, to $15.16
08:32 EDTLHARCA Biopharma announces screening of first patient in Phase 2B/3 trial
ARCA biopharma announced that the first patient has been genetically screened in GENETIC-AF, its Phase 2B/3 adaptive design clinical trial. The GENETIC-AF trial will evaluate Gencaro as a potential treatment for the prevention of atrial fibrillation in patients with heart failure and/or left ventricular dysfunction who also have a specific genotype of the beta-1 adrenergic receptor, which is believed to be present in approximately 50% of the U.S. population. There are currently seven active clinical trial sites recruiting patients for GENETIC-AF. The company anticipates having approximately 50 clinical trial sites for the Phase 2B portion of the trial. Last week, ARCA hosted the initial GENETIC-AF Investigator Meeting which brought together the physicians and research coordinators participating in the trial for information sharing and study-specific training.
April 15, 2014
07:28 EDTNDAQSEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 10, 2014
13:43 EDTNDAQFidelity to pitch new lost cost trading venue to large asset managers, WSJ says
Fidelity is working on a new trading venue, dubbed "Sakura," that it hopes will be a collaboration among big mutual-fund firms to reduce costs and streamline trading and will be an improvement over other "dark pools," reported The Wall Street Journal, citing people with knowledge of the matter. The report said Fidelity is in the initial planning stages and has just started pitching the idea to other large asset managers. Publicly traded fund managers include BlackRock (BLK), Franklin Resources (BEN) and T. Rowe Price (TROW), while Investment Technology Group (ITG) currently operates dark pools that facilitate block trading among large institutions. Exchange operators Nasdaq (NDAQ) and Intercontinentalexchange's (ICE) NYSE have previously testified to legislators that too much trading occurs in dark pools, hurting investors. Reference Link
09:06 EDTNDAQSEC still struggling for data, slow to move on HFT, Bloomberg says
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April 9, 2014
10:06 EDTNDAQOn The Fly: Analyst Downgrade Summary
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06:16 EDTNDAQNASDAQ downgraded to Neutral from Buy at BofA/Merrill
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April 7, 2014
07:33 EDTNDAQNASDAQ struggles to repair public image, FT says
Nasdaq has struggled to repair its public image following events including the troubled IPO of Facebook IPO in 2012, an outage that caused an unprecedented three-hour market halt, and now an investigation by New York's Attorney General into the relationship between stock exchanges and high-frequency trading firms, reported Financial Times. Reference Link
06:58 EDTNDAQDark markets could cause more harm than high-frequency trading, Reuters says
After a book by financial author Michael Lewis sparked worries that high-speed traders have been rigging the U.S. stock market, former regulators and academics say a more serious threat to investors could be the increasing amount of trading that happens outside of exchanges, reported Reuters. Top internalizers include units of KCG Holdings (KCG), Citadel, UBS (UBS), and Citigroup (C). Dark pool operators include Credit Suisse (CS) and Morgan Stanley (MS). In an attempt to earn back some of the retail orders, exchanges such as IntercontinentalExchange Group's (ICE) New York Stock Exchange, Nasdaq (NDAQ), and BATS Global Markets, have allowed brokerages to place dark pool-style orders on their platforms, with the trade hidden until after it is executed. Reference Link
April 5, 2014
20:24 EDTNDAQIEX may look for exchange status sooner than planned, Reuters says
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