Specialized Finance

Swedish regulators raided Nasdaq OMX Group (NASDAQ: NDAQ) as the exchange tries to bring in high-frequency traders. I hope it was the Swedish bikini team that was doing the raiding. The Italian government was forced to call a confidence vote on an austerity package. From the austerity, the...

NYSE Euronext (NYSE: NYX) announced today that it has been notified by Deutsche Boerse AG (XETRA DB1) that, on a preliminary basis, more than 80% of Deutsche Boerse shareholders tendered their shares by July 13th, 2011, surpassing the requisite 75% needed to approve our proposed combination....

NewStar Financial, Inc. (Nasdaq: NEWS) today announced that it has entered into an amended credit facility with Wells Fargo Bank to expand, extend and re-price its existing facility with Wells Fargo and support future loan growth. The financing provides nearly $200 million of lending capacity and...

CME Clearing Europe, CME Group's (NASDAQ: CME) European clearing house, today announced that it will begin clearing a new alternative fuel product, German Specification T2 Ethanol Swaps, and a new vegetable oil product, US dollar-denominated Rapeseed Oil Swaps. The company also announced that it...

Piper Jaffray is out with a research report on Moody's (NYSE: MCO) role in the sovereign debt crisis. It has an Overweight rating and a $46 price target on shares. In a note to clients, Piper Jaffray writes, "Turmoil in the sovereign debt market creates risk to near-term issuance volumes, but...

Jefferies reiterated its Hold rating on NASDAQ OMX (NASDAQ: NDAQ). At the same time, Jefferies reduced its price target on the company's stock from $29 to $27. On Tuesday, NDAQ lost 0.91% of its value to end the day at $23.91.

Jefferies & Company has lowered the price target on Nasdaq OMX Group (NASDAQ: NDAQ) from $29 to $27 and maintains its Hold rating.

Below are the top diversified investments stocks on the NYSE in terms of cash. Goldman Sachs Group Inc (The) (NYSE: GS) had $817.31 billion in total cash and $493.55 billion in total debt for the latest quarter. IntercontinentalExchange Inc (NYSE: ICE) had $694.26 million in total cash and $524....

The European Bank for Reconstruction and Development (EBRD), a development finance institution, has agreed to make a three-year, local-currency loan of KGS 270 million (USD 6 million) to Bai Tushum and Partners, a non-banking microfinance institution (MFI) operating in the Kyrgyz Republic. Bai...

Spire Corporation (NASDAQ: SPIR) shares fell 0.87% to create a new 52-week low of $2.06. SPIR's trailing-twelve-month ROE is -38.94%. Manhattan Bridge Capital Inc (NASDAQ: LOAN) shares dropped 4.04% to create a new 52-week low of $1.21. LOAN shares have dropped 13.70% over the past 52 weeks, while...

IntercontinentalExchange (NYSE: ICE) today announced the launch of 18 new cleared OTC energy contracts for North American power, natural gas liquids, natural gas and global oil and refined petroleum products.

By 10:40 am, the Dow Jones Industrial Average was down 149.55 points, or 1.18%, to 12,507.65, while the broader Standard & Poor's 500 index had dropped 21.21 points, or 1.58%. The NASDAQ composite index fell 42.94 points, or 1.50%. Some of the narrow based indexes that are still afloat in the...

GSV Capital Corp (NASDAQ: GSVC) shares surged 1.54% to $16.45 at 10:35 am. The volume of GSVC shares traded was 693% higher than normal. GSVC had $1.38 thousand in total cash for the recent quarter. Coffee Holding Co Inc (NASDAQ: JVA) shares moved up 9.83% to $29.38. The volume of JVA shares...

According to Goldman Sachs, CME Group (NYSE: CME) 2Q11 and 2011 estimates were lowered to $4.20/16.50 from $4.40 and $17.00. Goldman Sachs said that there is no fundamental change to its earnings outlook. “Our 2012-2013 EPS estimates remain intact at $18.70 and $20.75, and we make no change to...

Goldman Sachs is lowering its earnings estimates on shares of CME Group Inc. (NASDAQ: CME), but it still has a Neutral rating and a $310 price target on shares. In a note to clients, Goldman Sachs writes, "We do not view the adjustments as material changes to our view on CME operating earnings;...