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News Breaks
June 26, 2014
12:49 EDTICE, SFTBF, NDAQ, YHOOAlibaba said to choose NYSE over Nasdaq for IPO, Bloomberg reports
In a a blow to the Nasdaq Stock Market (NDAQ), Alibaba plans to list its shares on IntercontinentalExchange's (ICE) New York Stock Exchange, said Bloomberg, citing a person with knowledge of the matter. Yahoo (YHOO) and Softbank (SFTBF) continue to be significant shareholders in Alibaba. Reference Link
News For NDAQ;ICE;YHOO;SFTBF From The Last 14 Days
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November 25, 2015
10:08 EDTYHOOYahoo higher after canceling appearance at tech conference
Yahoo has canceled its appearance at next week's technology conference hosted by Credit Suisse, according to sources. The reason behind the cancelation remains unclear. Shares of Yahoo are up 45c to $33.41 in early trading.
09:58 EDTYHOOYahoo November weekly options active
Yahoo November 33 and 34 calls are active on total call volume of 3,700 contracts (puts 1300 contracts). November weekly call option implied volatility is at 26, December is at 34, January is at 33; compared to its 52-week range of 14 to 33. Active options volume suggests traders taking positions for price movement.
November 24, 2015
06:16 EDTYHOOInsiders losing patience with Yahoo CEO Mayer's growth plan, WSJ says
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November 22, 2015
19:37 EDTYHOOTop Yahoo media executive leaves company, Re/code says
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November 20, 2015
07:35 EDTSFTBFSprint signs $1.2B deal for sale and lease-back of certain leased devices
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November 19, 2015
15:09 EDTNDAQNASDAQ to name Adena Freidman as COO, FBN's Gasparino says
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08:03 EDTYHOOStarboard urges Yahoo to sell core businesses
In a letter delivered to Yahoo's Chairman, CEO And board, Starboard stresses that a proposed spin-off of Aabaco Holdings is not Yahoo's best alternative. It adds that a sales of Yahoo's core business would be the best risk-adjusted outcome for shareholders. In the letter, Starboard stated, "We have grown increasingly frustrated with your unwillingness to accept our help and your dismissive approach to our serious concerns about the current situation at Yahoo! Inc. ("Yahoo"). As you, the management team, and your advisors requested from us over a year ago, we have attempted to work with you privately and agreed not to pursue the nomination and election of directors at last year's annual meeting. Despite our numerous conversations and meetings, and notwithstanding your willingness to provide us an audience, you have been reluctant to respond or adapt to the realities of the current environment. The current situation that Yahoo faces is so important that we now feel it is necessary to communicate with management and the Board of Directors in a manner such that our message is not only as explicit as possible for you, but also for our fellow Yahoo shareholders. The proposed spin-off of Aabaco Holdings is not Yahoo's best alternative. Instead, you should be exploring a sale of Yahoo's core Search and Display advertising businesses and leave Yahoo's ownership stakes in Alibaba Group and Yahoo Japan in the existing corporate entity."
06:00 EDTYHOOStarboard sends letter to Yahoo, urges halt of Alibaba spinoff plan, WSJ reports
Yahoo (YHOO) shareholder Starboard Value sent a letter to the company urging the company to halt the plan to sell its stake in Alibaba (BABA) due to the risk of incurring taxes on the sale, the Wall Street Journal reports. The activist investor instead wants Yahoo to sell its struggling Internet business, the report says. Starboard supported the sale of over $20B in Alibaba shares before the IRS denied Yahoo's request for a private letter ruling on whether the spinoff would be considered tax free. Reference Link
November 18, 2015
07:28 EDTYHOOYahoo taxes could amount to more than value of Alibaba stake, says SunTrust
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06:15 EDTYHOOYahoo included in New York's daily fantasy sports investigation, Reuters says
An investigation by the New York attorney general into the daily fantasy sports industry will no include Yahoo, Reuters reports, citing a person familiar with the matter. Yahoo operates its own daily fantasy site and received a subpoena by New York AG Eric Schneiderman, the report says. Reference Link
November 17, 2015
09:03 EDTICEICE Future Europe introduces white sugar futures contract in 2016
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08:50 EDTYHOOCheetah Mobile reports strategic partnership with Yahoo
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November 16, 2015
07:40 EDTICEBGC and GFI agree to sell Trayport to Intercontinental Exchange for $650M
BGC Partners (BGCP) and its majority-owned division, GFI Group (GFIG) announced that GFI has entered into an agreement to sell its Trayport business to Intercontinental Exchange (ICE) for $650M. Trayport is a provider of trading and aggregation software primarily in the global OTC energy and commodities markets. Trayport, which is domiciled in the UK, generated revenues of approximately $80M over the twelve months ended September 30, 2015. These revenues were predominantly generated via recurring software license and subscription fees. Trayport's revenues increased by approximately 9 percent year-on-year in British pounds during the third quarter of 2015. Under the terms of the purchase agreement, Intercontinental Exchange will acquire the equity of the companies that comprise the Trayport business. The GFI sellers will receive $650 million in ICE common shares based on the closing stock price on November 13, 2015. The aggregate number of ICE common shares is approximately 2.5 million, and up to approximately 0.8 million additional ICE common shares based on a sliding scale from $193.85 to $258.47 in the event that ICE's weighted average stock price over a specified period leading up to closing is less than $258.47. GFI will have the right to sell its ICE common shares pursuant to a registration rights agreement. ICE may elect to substitute cash for part or all of the stock consideration owed to the GFI sellers. The transaction is subject to certain closing conditions, including receipt of required regulatory approvals. The transaction is expected to close as early as the first quarter of 2016, subject to receipt of such approvals. After the close of the transaction, BGC and GFI are expected to remain customers of Trayport. The net tax the Company will pay with respect to the transaction is expected to be at a rate of 15 percent or less. The one-time gain will be reflected in BGC's consolidated results under U.S. generally accepted accounting principles, but will be excluded from the Company's results for distributable earnings.
07:32 EDTICEIntercontinental Exchange to buy Trayport from BGC, GFI for $650M
Intercontinental Exchange (ICE) announced that it has entered into a definitive agreement to acquire Trayport for $650M in ICE common stock. Trayport is a subsidiary of GFI Group (GFIG), which was acquired by BGC Partners (BGCP) in March 2015. Trayport licenses its technology platform to serve brokers for electronic and hybrid trade execution primarily in the European over-the-counter utility markets. The transaction will enable ICE to provide new services to the European OTC energy markets, including European power, natural gas and coal. The $650M purchase price will be paid with 100% equity consideration comprising approximately 2.5M shares of ICE common stock. ICE anticipates an immaterial impact to 2016 adjusted earnings per share. The agreement was unanimously approved by the Boards of Directors of both companies. The transaction is expected to close in the first quarter of 2016, subject to the completion of closing conditions and receipt of applicable regulatory approvals.
November 15, 2015
18:54 EDTNDAQNASDAQ to develop several 'blockchain' applications, Reuters says
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November 13, 2015
15:49 EDTNDAQNASDAQ in talks to buy Chi-X Canada, Globe and Mail says
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15:19 EDTNDAQNASDAQ in talks to buy Chi-X Canada, Bloomberg says

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