NEW YORK _ The Nasdaq OMX Group Inc. on Thursday reported fourth-quarter profit of $87 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Nasdaq OMX shares have decreased 6 percent since the beginning of the year, while the Standard& Poor's 500 index has declined roughly 3 percent.» Read More
Australian Stock Exchange's (ASX) rebuff of a $7.8 takeover offer from the Singapore Exchange (SGX) was the wrong decision, said Kerry Series, Founder and Chief Investment Officer of Asia-focused fund management firm Eight Investment Partners.
Exchange operator Nasdaq OMX Group said on Tuesday it will rebalance its benchmark Nasdaq-100 index, cutting the weighting of Apple.
Starting this week, stock traders in Hong Kong will have to say goodbye to two-hour lunches.
There’s an air of paranoia on Wall Street about today’s NYSE spacer deal with the Germans. But history suggests it’s unjustified. Inevitably, the new business unveiled today will also be shaped over time by changing needs.