The majority of technology index components—more than 63 percent—are trading down more than 10 percent from yearly highs.» Read More
Some of the largest U.S. fund managers rely on BNY Mellon to calculate the net asset value of their funds but a failed software upgrade last weekend buckled the system just as investors headed into a tumultuous week of trading sparked by fears about the Chinese economy. "BNY Mellon is the plumber to mutual funds and capital markets," said Mike Mayo, a banking analyst...
Fund managers rely on BNY Mellon to calculate the net asset value or NAVS of their funds but a failed software upgrade over the weekend floored its system just as investors were heading into a tumultuous week of trading sparked by fears about the Chinese economy.. "The system is up although some performance issues remain," BNY Mellon spokesman Kevin Heine said on...
BNY Mellon said an accounting system it relies on to calculate the prices of clients' mutual funds and exchange traded funds broke down over the weekend just as investors headed into a global market meltdown sparked by fears over the Chinese economy. The system, run by financial software provider SunGard, resumed with limited capacity on Tuesday but was still...
Aug 12- Payment services provider Fidelity National Information Services Inc said it would buy privately held financial software maker SunGard Data Systems Inc for $9.1 billion, including debt. SunGard was bought for $11.4 billion in 2005 by Silver Lake Partners, TPG Capital, Bain Capital, Blackstone Group, Goldman Sachs Capital Partners, KKR& Co and...
Aug 12- Payment services provider Fidelity National Information Services Inc said it would buy financial software maker SunGard Data Systems Inc for $9.1 billion, including debt. SunGard filed with U.S. regulators last month for an initial public offering. Fidelity expects to refinance SunGard's debt, the company said in a statement on Wednesday.
NEW YORK, June 24- A Turkish man has been extradited to the United States to face charges that he organized three cyberattacks that resulted in $55 million in losses to the global financial system, U.S. authorities announced on Wednesday. Findikoglu was expected to appear in a federal court in Brooklyn, New York, later on Wednesday after being extradited a day...
It's time for investors to take an activist approach and search for hidden fees and conflicts of interest, Vanguard's founder says.
Wells Fargo is set to go to trial on Monday as homeowners seek to recoup about $629 million for alleged fees by a company once owned by Wachovia.
"Mad Money" host Jim Cramer shares what you need to get started in this market and reveals his top tips to be successful.
The wolves of Wall Street won't stand a chance if the next generation truly embraces an algorithm as its wealth manager.
Personal Capital, an Internet-based personal finance platform, is aiming to end the stranglehold of Wall Street's high-fee brokerage model.
Oct 12- Link to Fitch Ratings' Report: Transaction Processors. --eBay Inc.,-- First Data Corp.,. --Fidelity National Information Services Inc.,.
Oct 5- Fidelity National Information Services Inc:. *Baird raises Fidelity National Information Services Inc to. Reuters Station users, click. 1568.
*Credit Suisse cuts Fidelity National Information Services to.
Check out which companies are making headlines after the bell Tuesday:
The reverberations of Washington’s impasse over a debt deal are already being felt in the short-term credit markets, a key artery of the economy that daily supplies trillions of dollars of credit the New York Times reports.
For Reid Hoffman, the chairman of LinkedIn, it took less than 30 minutes to earn himself an extra $200 million the New York Times reports.
Commodity trader Glencore International hit the road Wednesday to pitch its up to $11 billion initial public offering, waving off criticisms that its valuation came in at a disappointingly low price.
BlackRock and Fidelity are both looking into investing in one of the new Spanish savings banks carved out of the country's troubled banking sector, according to Expansion.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.