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Nasdaq Profits Jump Amid Battle For NYSE

Posted 06.20.2011 | Business

Nasdaq OMX Group's (NDAQ.O) quarterly profit rose 70 percent, as the exchange operator battling to buy out crosstown rival NYSE was helped by robust...

Duncan Niederauer Calling the Shots for NYSE Is Bad News for Shareholders

Charles Gasparino | Posted 06.12.2011 | Business
Charles Gasparino

Ultimately, nobody should really trust Duncan Niederauer to be making the final call on a NYSE merger because he has too much to lose, and so do shareholders if they listen to him.

Earnings Season Kicks Off

Posted 06.11.2011 | Business

NEW YORK (Chuck Mikolajczak) - Investors will look to corporate profits and outlooks this week for confirmation the S&P 500 has another leg to its...

Inside One Of Goldman Sachs' Most Profitable Divisions

Bloomberg | Christine Harper | Posted 05.28.2011 | Business

For Goldman Sachs Group Inc.’s Special Situations Group, disasters can be a source of some of the biggest profits. Now the secretive investing opera...

Best Buy's Smartphone Sales Offset Weak Demand For Televisions

Reuters | Dhanya Skariachan | Posted 05.25.2011 | Business

By Dhanya Skariachan NEW YORK - Best Buy Co Inc beat quarterly profit estimates as strength in its mobile business offset weak demand for telev...

St. Patrick's Day as a Derivative Instrument

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Right next door to world headquarters of The Deal LLC looms the impressive wedding cake of the New York Stock Exchange, opened 1903. These days that c...

Nasdaq Readies Bid For New York Stock Exchange

Reuters | Posted 05.25.2011 | Business

(Reuters) - Nasdaq OMX Group Inc NDAQ.Q is preparing an offer for NYSE Euronext (NYX.N) and the bid could come as early as this week, the Wall Str...

Citigroup Continues Its Dance With Reverse Splits: The Question Is Why?

Michael Russnow | Posted 05.25.2011 | Business
Michael Russnow

Citigroup just sent me its annual statement and ballot to vote on suggestions from its Board of Directors, which, among other things, extends its flirtation with a reverse split that began two years ago.

The Knotty Problem of Partial Regulation

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Today there's sensitivity to the dangers of regulatory arbitrage when regulatory regimes widely vary either nationally or internationally -- although, so far, there are few answers to resolve this beyond gestures toward coordination.


Posted 05.25.2011 | Business

NEW YORK/TORONTO (By Paritosh Bansal and Jonathan Spicer) - Nasdaq OMX Group Inc could launch a rival bid for NYSE Euronext to avoid being left on t...

The NYSE as a Symbol of American Decline

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

The NYSE historically has been a tangible symbol of America's rise to financial power. But that was many years ago. Today, it is not a symbol of Wall Street, New York or even American competitiveness.

Felix Salmon: Wall Street's Dead End

The New York Times | Felix Salmon | Posted 05.25.2011 | Business

THE stock market has been big news in recent days. Last week's report that Deutsche Börse, a giant German exchange, intends to buy the New York Stock...

A New Paradigm for Stock Exchanges?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Will the U.S. authorities let the iconic NYSE fall under the control of Deutsche Boerse? Will the European authorities accept a dominant European player in derivatives, equities and post trade services?

Investors Fell In Love With Bonds Again In 2010

AP | MARK JEWELL | Posted 05.25.2011 | Business

BOSTON — Mutual fund investors were buying stock funds at the end of 2010. But they were trying to avoid risk through most of the year, as bond fund...

Alcoa Posts Profit On Huge Demand For Metal

Posted 05.25.2011 | Business

NEW YORK (By Steve James): Alcoa Inc, the largest U.S. aluminum producer, reported a fourth-quarter profit on Monday and projected a 12-percent rise i...

Surreal And Adorable: 'Nutcracker' Cast Visits NYSE (PHOTOS)

The Huffington Post | Jonah Green | Posted 05.25.2011 | New York

Performers from The New York City Ballet's The Nutcracker visited the New York Stock Exchange on Thursday. In honor of its 56 anniversary on Broadway,...

From Changing Diapers to Buying Your Own Island

Natalie Pace | Posted 05.25.2011 | Divorce
Natalie Pace

When I first divorced, I, like most people, was overwhelmed with financial crises. With two houses to support (my ex's and mine), our expenses had do...

Bloomberg To Appoint Spiderman To Schools Chancellor?

The Huffington Post | Jonah Green | Posted 05.25.2011 | New York

If you are a Daily News reader you might have noticed the insert today of the Spider-Man comic with Mayor Bloomberg on the cover. The Mayor's Office ...

SEC Chief: New Congress Won't Stop Financial Reforms

Posted 05.25.2011 | Business

CHICAGO (By James B. Kelleher) - The top securities regulator said on Tuesday she doubts her agency's overhaul of the country's financial rules will ...

Robert Lenzner: Whole Story On High Speed Trading Remains Unclear

Forbes | Posted 05.25.2011 | Business

The CBS 60 Minutes segment last night on high speed computer trading-50%-70% of all trading in stocks- strongly suggested that insiders on Wall St...

'The Expendables' Visit NYSE, Terry Crews Goes Shirtless

Posted 05.25.2011 | New York

The already over-the-top testosterone levels at the New York Stock Exchange were pushed to the max this morning when the stars of "The Expendables" dr...

Fannie Mae, Freddie Mac Shares To Be Pulled From NYSE

AP | Posted 05.25.2011 | Business

NEW YORK — Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange. The ...

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Business
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.

GTL at NYSE: MTV's Jersey Shore Is Back: But Where's the Reality?

Simon Maxwell Apter | Posted 05.25.2011 | Entertainment
Simon Maxwell Apter

The cast of Jersey Shore rang the opening bell at the New York Stock Exchange yesterday, and sadly, I was a little disappointed by their performance.

New Circuit Breakers Announced By Stock Exchanges Would Prevent The Next 'Flash Crash'

AP | STEVENSON JACOBS and MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — U.S. stock exchanges would briefly halt trading of some stocks that have big prices swings under new trading rules proposed Tuesday...