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Stock Market & Financial Investment News

News Breaks
December 18, 2012
05:49 EDTNDAQ, CS, NYX, GSComplaints rise over stock exchanges, high-speed traders, WSJ reports
A regulatory investigation into whether stock exchanges have given unfair advantages to high-speed traders has increased complaints against the exchanges, igniting a wider debate about how the market operates and is regulated, reports the Wall Street Journal. In a letter to the SEC, the Investment Company Institute, trade group for mutual funds, complained that U.S. stock exchanges "facilitate strategies" for rapid-fire trading firms "that can lead to disorderly markets or that can benefit market participants at the expense of long-term investors." Reference Link
News For NYX;NDAQ;GS;CS From The Last 14 Days
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May 5, 2015
07:22 EDTGSSkyBridge Capital to hold a conference
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06:59 EDTGSGoldman Sachs to ramp up digital banking service, WSJ reports
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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
09:03 EDTGSGoldman, Grand Central Tech announce partnership
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06:17 EDTCSInvestor says UBS and Credit Suisse may combine investment banks, Reuters says
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06:13 EDTGSGoldman Sachs seeks to sell coal mines in Colombia, WSJ reports
Goldman Sachs (GS) is trying to sell at a loss coal mines it owns in Colombia, which would end its involvement in raw-materials production, The Wall Street Journal reports, citing sources familiar with the matter. Last year, JP Morgan (JPM) sold its physical-commodity assets, including a metals warehousing business, and Morgan Stanley (MS) has sold its oil-shipping and pipeline business and is seeking to sell its oil-trading and storage business. Reference Link
May 1, 2015
06:54 EDTCSPrudential plc names Mike Wells to succeed Tidjane Thiam as CEO
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April 30, 2015
06:26 EDTGSBanks, government dispute 'aggressive' foreign-bribery laws, WSJ reports
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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, Shareholder.com 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 GFI’s common stock at that date’s 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 GFI’s outstanding common stock. The company said: “A 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.”
06:14 EDTGSSEC proposal would inform investors how pay aligns with results, WSJ reports
The SEC is today set to propose long-awaited rules that would force thousands of companies to inform investors how the pay of top management aligned with the firm's financial results, The Wall Street Journal reports. If approved, companies would have to include a table in their annual proxy filings disclosing "actual pay" of top executives. Reference Link
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
13:05 EDTGSGoldman Sachs Asset Management to acquire Pacific Global solutions business
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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.
07:03 EDTGSCapital Link to hold a forum
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April 22, 2015
15:50 EDTNDAQNotable companies reporting before tomorrow's open
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