Mark Zuckerberg and dozens of banks must face a lawsuit accusing Facebook of misleading investors about its health before its $16 billion IPO.» Read More
The total value of claims that market makers can recover after suffering losses due to Nasdaq's botched handling of Facebook's IPO is $41.6 million.
WASHINGTON, Oct 25- The total value of the claims that market makers can recover after suffering losses due to Nasdaq OMX Group Inc's botched handling of Facebook Inc's initial public offering is $41.6 million, the exchange operator said Friday.
CNBC's Seema Mody went stock hunting and found some cheap buys including Joy Global and American Eagle.
Decent earnings have been overshadowed by poor showing in Asia, and a weak U.S. durable goods figure.
Take a look at some of Wednesday's midday movers:
U.S. stock index futures signaled a sharply lower open Wednesday, amid worries over financial conditions in China and as investors digested a mixed bag of corporate earnings.
Oct 23- Transatlantic exchange operator Nasdaq OMX Group on Wednesday reported a higher third-quarter profit that beat analysts' expectations, helped by recent acquisitions and increased market data revenue.
Net income attributable to Nasdaq totaled $113 million, or 66 cents per share, up from $89 million, or 52 cents per share, a year earlier.
The NYSE and Nasdaq has assured Alibaba that the partnership structure for its expected share offering will be permitted. The Financial Times reports.
The initial public offering of microblogging site Twitter is the most highly anticipated since Facebook's IPO last year, when software problems at Nasdaq OMX Group resulted in a chain of events that market making firms said cost them a combined $500 million.
The company's latest S-1 filing didn't just reveal that it has chosen the NYSE over the Nasdaq—but also how the company fared in the third quarter.
U.S. stock index futures pointed to a higher open on Wednesday, with lawmakers looking to strike a deal to lift the country's borrowing limit before Thursday's deadline.
SAN FRANCISCO, Oct 15- Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. Rizvi Traverse, run by Hollywood and Silicon Valley financier Suhail Rizvi, and its affiliates hold 17.6 percent, as the largest institutional holder.
NEW YORK, Oct 15- With IntercontinentalExchange's more than $10 billion takeover of NYSE Euronext expected to close early next month, regulators in the Netherlands and France are scrambling to prevent Euronext from once more falling into foreign hands, according to several sources familiar with the situation.
CNBC's Seema Mody reports on the biggest movers in the Nasdaq including social media stocks like Facebook up 5 percent.
With earnings season underway, Nick Raich, The Earnings Scout CEO, expects a majority of companies to cut estimates.
Digital DJ Afrojack becomes the first DJ ever to ring the Nasdaq's closing bell.
NEW YORK, Oct 9- Exchange operator Nasdaq OMX Group Inc said on Wednesday it is partnering with a unit of high-frequency trading firm Tradeworx on an algorithm testing site for firms to examine automated trading strategies and reduce operational risk.
In an appellate hearing before the five commissioners of the U.S. Securities and Exchange Commission, an attorney for Shanghai- based China-Biotics urged the panel to reverse a February 2012 decision by an SEC administrative law judge.
With Potbelly Sandwich Shop going public today, CNBC's Herb Greenberg has a warning for investors who have a taste for restaurant stocks.