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The London Metal Exchange, the world’s largest metal-trading platform, should be able to get an offer of at least a billion pounds ($1.6 billion), CEO Martin Abbott told CNBC.
NYSE Euronext and CME Group, the two US exchange groups, have submitted bids for the London Metal Exchange, valuing it at up to £1 billion and kicking off a contest for the commodities business, according to people familiar with the matter. The FT reports.
Stocks finished in negative territory Thursday, with the S&P falling below its key 1400 milestone, weighed down by a weak ISM non-manufacturing report and as investors stayed cautious ahead of Friday's government jobs data.
U.S. stock index futures climbed Thursday, boosted by a better-than-expected jobless claims report.
Stocks recovered from an early decline to end narrowly mixed Wednesday, but worries over the weak ADP employment report kept investors on edge ahead of Friday's key jobs data.
US stock index futures added to losses Wednesday, following a rally that helped push the Dow to its best closing level in more than four years, after the ADP employment report showed a much weaker-than-expected increase in private payrolls in April.
Stocks pared their gains in the final hour of trading but still kicked off the first day of May on a positive note, with the Dow hitting its best closing high since December 2007, fueled by a better-than-expected manufacturing report.
Private-equity firm The Gores Group may hit the brakes on its $15 a share buyout of Pep Boys—Manny Moe & Jack, as the auto parts and repair giant slipped to a loss in the fourth quarter of 2011, and reported weaker-than-forecast preliminary first quarter earnings on Tuesday.
U.S. stock index futures pointed to a mixed open Tuesday ahead of several key economic reports and as investors digested a handful of earnings. Trading is likely to be quiet with many major European and Asian markets closed in observance of May Day.
The old adage of "sell in May and go away" applies this year just like it did in previous years as problems that plagued the economy in recent years remain unresolved, Richard Cookson, global chief investment officer at Citi Private Bank told CNBC.
Stocks ended lower in thin trading Monday, with the S&P and the Nasdaq posting a loss for the month of April, following a handful of mixed economic reports in addition to news that Spain slipped into a recession.
U.S. stock index futures were largely unchanged Monday after news that Spain slipped into a recession and as investors looked to take a breather following a four-day rally that sent the S&P 500 over its 1,400 milestone.
Nokia is in advanced talks to sell the world’s most expensive mobile phone brand to Permira, the private equity group, as the Finnish company looks to dispose of non-core assets to help turnround its devices division, the Financial Times reports.
The lone engineer who was blamed by Google for its most controversial breach of online privacy told others in the company far more about the affair than Google has previously disclosed, according to the results of a damning US regulatory investigation released over the weekend. The FT reports.
Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.
Stocks closed near their best level in thin trading Thursday, with the S&P rallying to 1,400, as hopes for further stimulus from the Federal Reserve seemed to overshadow worries over the jobs market and some tepid earnings reports.
The "Mad Money" host shares his earnings expectations for International Paper, Procter & Gamble and V.F. Corp.
Futures lost footing Thursday, dipping into negative territory, following the weekly jobless claims report that showed the four-week moving average rose to its highest since January and following a handful of earnings news that disappointed.
The Fed says no action is the best action, Tim Geithner tells CNBC the US economy is gradually getting stronger, Las Vegas Sands Corp. beats earnings but falls slightly after hours and the VC firm behind some of the biggest names in tech make a groundbreaking charitable pledge.
Stocks closed mixed Tuesday, ending off their session highs, as euphoria from this morning's earnings reports faded and as tech giant Apple slumped, weighing on the the Nasdaq.
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