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Diversified Financial Services Specialized Finance

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  • July 2- Standard& Poor's Ratings Service lowered its rating on the Chicago Board of Education's general obligation bonds to' BBB' from' A minus', citing the board's "structural imbalance." The rating agency said the downgrade reflects its view of the challenges facing the board to maintain sufficient liquidity. S&P also placed the Board on CreditWatch with...

  • (For more Reuters coverage of the closing of Chicago's open-outcry futures pits, please see "Chicago Pits: End of an Era," ( http://www.reuters.com/subjects/chicago-pits-close). CHICAGO, July 2 (Reuters)- The cost of membership at Chicago's famous futures trading exchanges has topped $1 million in the past as traders snapped up the chance for benefits like...

  • SAN FRANCISCO, July 2- Standard& Poor's Rating Agency upgraded California's general obligation debt on Thursday to "AA-" from "A+," marking another sign of the state's financial recovery. S&P credit analyst Gabriel Petek cited California's newly enacted budget, "which, in our view, marks another step forward in the state's journey toward improved fiscal...

  • SINGAPORE, June 30- Financial markets around the world will open on Wednesday with a tinge of apprehension, not just because of developments in Greece or China, but because of an extra second. A "leap second" is being added to the world's clocks at midnight GMT on Tuesday, which could test the extremely sensitive trading systems of the modern algorithmic era,...

  • World's markets brace for Wednesday's leap second Tuesday, 30 Jun 2015 | 7:24 AM ET

    SINGAPORE, June 30- Financial markets around with world will open on Wednesday with a tinge of apprehension, not just because of developments in Greece or China, but because of an extra second. A "leap second" is being added to the world's clocks at midnight GMT on Tuesday, which could test the extremely sensitive trading systems of the modern algorithmic era,...

  • CHICAGO, June 25- U.S. regulators will likely allow CME Group Inc to close most of its open outcry futures pits as planned next month, despite last-minute calls from a handful of traders and brokers for an extended review, industry lawyers said on Thursday. "This controversy is best addressed during an open comment period in which all interested parties can...

  • UPDATE 1-Credit bureau TransUnion's shares rise in debut Thursday, 25 Jun 2015 | 11:09 AM ET

    June 25- Shares of credit bureau TransUnion rose as much as 10 percent in their debut, valuing the company at about $4.5 billion. TransUnion provides a number of information services for businesses and consumers such as consumer credit reports, risk scores and analytical services. TransUnion raised $664.8 million after the 29.5- million-share offering was...

  • June 24- Credit bureau TransUnion said its initial public offering has been priced at $22.50 per share, valuing the company at about $4 billion. The offer price is above the mid-point of the expected range of $21 to $23 per share. Goldman Sachs& Co, Bank of America Merrill Lynch, JPMorgan Securities LLC and Deutsche Bank Securities Inc are among the underwriters for...

  • Shares of credit bureau TransUnion rise in debut Thursday, 25 Jun 2015 | 10:31 AM ET

    June 25- Shares of credit bureau TransUnion rose as much as 10 percent in their debut, valuing the company at about $4.4 billion. TransUnion raised $664.8 million after its initial public offering of 29.5 million shares was priced at $22.50 per share. The IPO came three years after private equity firm Advent International and Goldman Sachs Group Inc agreed to...

  • Credit bureau TransUnion prices IPO at $22.50 per share Wednesday, 24 Jun 2015 | 8:28 PM ET

    June 24- Credit bureau TransUnion said its initial public offering has been priced at $22.50 per share, valuing the company at about $4 billion. The offer price is the mid point of the company's expected range of $21 to $23 per share. Goldman Sachs& Co, Bank of America Merrill Lynch, JPMorgan Securities LLC and Deutsche Bank Securities Inc are among the underwriters...

  • CHICAGO, June 24- CME Group Inc's plan to close most of its futures pits next month is facing its first organized opposition from a small group of Chicago traders and brokers who have hired a law firm to push regulators to give more time for review. Lawyers from Katten Muchin Rosenman sent a letter to the Commodity Futures Trading Commission on behalf of the group,...

  • NEW YORK, June 24- Exchange operator Nasdaq OMX Group Inc said on Wednesday it partnered with blockchain infrastructure provider Chain to make digital ledger technology available to private companies that issue and transfer shares on the Nasdaq Private Market. The blockchain is a shared distributed ledger that records and is the repository of digital...

  • CHICAGO, June 24- FOR LET: 36,000 square-foot cave in central Chicago. When CME Group Inc's futures pits in the cavernous trading floor at the Chicago Board of Trade building fall quiet next month, real estate broker Holly Duran will be working overtime to find a tenant to occupy a storied piece of America's financial history. Prospective candidates could...

  • TOKYO, June 24- The Japan Exchange Group said on Wednesday it will launch futures trading for the Mothers Index in mid-2016. The Mothers Index tracks startup stocks on the Tokyo Stocks Exchange. "With the introduction of futures investors now have the option of preparing for a potential fall in the index," a spokesman for the Japan Exchange Group told reporters.

  • CHICAGO, June 23- CME Group said on Tuesday that it will delay the closure of most of its open-outcry futures markets by at least one trading day due to a "technical revision" in its filing with the U.S. Commodity Futures Trading Commission. The final open-outcry session is expected to be on July 6, not July 2 as previously announced, pending a review by the regulator.

  • CHICAGO, June 23- CME Group said on Tuesday that it will delay the closure of its open-outcry futures markets by at least one trading day due to a technical revision in its filing with the Commodity Futures Trading Commission. The final open-outcry session is expected to be on July 6, not July 2 as previously announced, pending the expiration of the regulator's...

  • June 16- TMX Group Ltd, operator of Canada's main stock exchange, hopes to rope a piece of the $90 billion North America cattle sector, and said on Tuesday that it would offer the continent's first online sales platform of its kind. TMX Chief Executive Officer Lou Eccleston, who plans to push further into commodity sales, said the service could cut 30 percent off...

  • FRANKFURT, June 15- Deutsche Boerse is looking at the possibility of buying currency trading platform 360 T, a source familiar with the situation said on Monday, although it was not yet clear if the German exchange operator will place a binding bid. Deutsche Boerse declined to comment on whether it was bidding, while 360 T, one of a handful of multi-bank, multi-user...

  • FRANKFURT, June 15- Deutsche Boerse is looking at the possibility of buying currency trading platform 360 T, a source familiar with the situation said on Monday, although it was not yet clear if the German exchange operator will place a binding bid. Deutsche Boerse declined to comment on whether it was bidding, while 360 T, one of a handful of multi-bank, multi-user...

  • SINGAPORE, June 11- Credit rating agency Standard& Poor's has cut its outlook on Singapore- listed commodities trader Noble Group Ltd to' negative' from' stable', saying it expects higher earnings volatility. The move marks the latest problem for the embattled commodity trader, which has seen its shares dive as much as 48 percent since mid-February after...