Market Roundup (TII, C, NDAQ, INTC)

Terra FirmaTII has succeeded in raising $156 million to hold off a bank foreclosure on EMI Group, which will provide leverage to TII in a battle over the music company’s fate with the lender Citigroup C. Nasdaq Inc NDAQ has presented its minute-to-minute timeline of the "Flash crash," which also includes the unusual E-mini trading. According to the NFIB's survey of small business, although there is improvement in the outlook for small businesses, the hiring prospects continue to remain bare. NFIB's chief economist said, "The gains are a step in the right direction, but they are not enough to signal a solid recovery is in place.” Paul Otellini, CEO of Intel INTC is expecting double-digit growth in revenue and profits over the next five years. INTC also aims to ship a billion chips annually over the next five years. According to Richmond Fed President, Jeffrey Lacker, the Fed should not wait for too long a period to hike rates as the US economic recovery seems to be on a "sustainable upward trajectory." Read more from Benzinga's Markets.