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Stock Market & Financial Investment News

News Breaks
January 8, 2013
14:29 EDTITG, NYX, CS, NDAQFinra expanding oversight of 'dark-trading venues,' WSJ says
Financial Industry Regulatory Authority, Finra, head Richard Ketchum, said the regulator is expanding its oversight of the dark-trading venues, says the Wall Street Journal. The WSJ added that the expanded oversight has an interest in whether orders placed on public exchanges are "trying to move prices or encourage sellers that may advance their trading in the dark market." Reference Link
News For NYX;NDAQ;CS;ITG From The Last 14 Days
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May 6, 2015
14:45 EDTNDAQChi-X pursues sale, Nasdaq expresses interest, Bloomberg says
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08:37 EDTNDAQEffort to prevent 'flash crash' repeat far behind schedule, WSJ says
The organizations overseeing the creation of the Consolidated Audit Trail, or CAT, which is seen as central to the response to the 2010 "flash crash" in the U.S. stock market, have yet to select a firm to build and run it and a final plan hasnít been approved by the SEC, noted The Wall Street Journal. Nasdaq (NDAQ) and New York Stock Exchange owner IntercontinentalExchange (ICE) are among the ten groups overseeing the flash crash response process, the report noted. Reference Link
May 5, 2015
06:39 EDTCSCredit Suisse drops waiver request due to SEC opposition, Reuters says
Credit Suisse dropped a request for a waiver that would have let it raise capital without SEC approval, after the agency told the bank the request would be denied, according to Reuters, which cited unnamed sources. The bank lost the privilege of being able to raise capital without SEC approval for three years because criminal charges were lodged against it, the news service stated. The criminal charges, which alleged that the bank had helped wealthy Americans evade taxes, were dropped in the wake of a $2.5B settlement, the news service stated. Reference Link
May 4, 2015
06:17 EDTCSInvestor says UBS and Credit Suisse may combine investment banks, Reuters says
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May 1, 2015
06:54 EDTCSPrudential plc names Mike Wells to succeed Tidjane Thiam as CEO
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April 30, 2015
08:12 EDTITGITG initiates quarterly dividend of 7c per share
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08:11 EDTITGITG reports Q1 EPS 47c, consensus 45c
Reports Q1 revenue $149.7M, consensus $154.4M.
06:25 EDTCSEuro zone bank loans rose in March, NY Times says
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April 29, 2015
09:59 EDTNDAQNASDAQ apologizes for role in Twitter earnings leak
In a statement to CNBC, NASDAQ (NDAQ) said: "Yesterday at 3:07 pm EDT, inadvertently posted Twitter's (TWTR) earnings release prematurely on its investor relations website. The posting was caused by an operational issue that exposed the release on Twitter's IR website for approximately 45 seconds. During those seconds the site was scraped by a third party that publicly disseminated the earnings information. We regret the incident and remain fully committed to providing the highest quality Investor Relations communication product and services to our clients."
08:16 EDTNDAQBGC Partners says now owns more than two-thirds of GFI outstanding shares
On April 28, a subsidiary of BGC (BGCP) purchased from GFI (GFIG) approximately 43M newly issued shares of GFIís common stock at that dateís closing price of $5.81 per share, for an aggregate purchase price of $250M. The purchase price was paid to GFI in the form of a note due on June 19, 2018 that bears an interest rate of LIBOR plus 200 basis points. Due to intercompany eliminations, the new shares and the note will have no impact on the consolidated balance sheet of BGC. Following the issuance of the New Shares, BGC owns approximately 67% of GFIís outstanding common stock. The company said: ďA successful sale of Trayport, combined with increased profits from integrating GFI, growing our fully electronic businesses, and the strength of our Real Estate Services business, will lead to dramatically higher liquidity. We also anticipate receiving over $635M in additional NASDAQ OMX (NDAQ) stock over time. As we execute our strategy, we expect to have significant capital with which to pay dividends, repurchase shares and/or units of BGC, profitably hire, and make accretive acquisitions, all while maintaining our investment grade rating.Ē
April 28, 2015
08:14 EDTITGITG launches Dark List Algorithm
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April 24, 2015
10:00 EDTNDAQOn The Fly: Analyst Downgrade Summary
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06:40 EDTNDAQNASDAQ downgraded to Sector Perform from Outperform at Portales
April 23, 2015
07:06 EDTNDAQNASDAQ raises quarterly dividend to 25c from 15c
NASDAQ declared a regular quarterly dividend of 25c per share on the company's outstanding common stock, an increase of 67% from the prior 15c per share quarterly dividend. The dividend is payable on June 26, to shareowners of record at the close of business on June 12.
07:05 EDTNDAQNASDAQ lowers operating expense guidance to $1.085B-$1.11B
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07:04 EDTNDAQNASDAQ reports Q1 EPS 80c, consensus 78c
Reports Q1 revenue $507M, consensus $516.59M. . On an organic basis, excluding the impact of foreign exchange rates and acquisitions, non-trading segment organic growth was 3%. NASDAQ said a restructuring effort eliminated $17M-$19M in annualized expenses. The company will incur related charges of $63M, of which $31M was realized in Q1. In addition, restructuring charges included a non-cash charge of $119M related to global rebranding initiatives.

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