Specialized Finance

CME Group (NYSE: CME) today announced it had revised its recent proposal to increase daily price limits for Corn futures and options. Pending CFTC approval, daily limits on CBOT Corn futures and options would increase to $0.40 per bushel from the current $0.30 per bushel, replacing a late April...

Fiat SpA (F), an Italy-based company active in the automobile sector, said it isn't planning to raise its stake in Chrysler Group LLC beyond 51%, despite options available that could boost its stake to 70%. Ally Financial Inc. is in talks to buy ING Groep NV‘s (INE) online bank, ING Direct USA....

In a recent report, Keefe, Bruyette & Woods has raised EPS estimates from $15.99 to $16.04 and reiterated an overweight rating on CME Group (NASDAQ: CME) after CME announced a $750 mln buyback on Monday. In the report, KBW said, "The growth focus is organic, prioritizing cross selling and...

The broader equity markets are at session highs, as the stock market looks to rebound off last week's precipitous drops. At last check, the Dow was up 75 points, the NASDAQ was up 18 points, and the S&P 500 was up 8 points. Benzinga recommends you look at the ETFs which track these indexes...

CME Group Inc. (Nasdaq: CME) today announced that its board of directors has authorized a return of capital to shareholders through a share buyback program of up to $750 million of CME Group Class A common stock, subject to market conditions. The buyback program will take place over a period of up...

Sanders Morris Harris Group (NASDAQ:SMHG) is trading at a price of $7.98,a dramatic change of 0.14 with % change of 1.79 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 233.68M. Sanders Morris Harris...

By Bob van der Valk This year's Cinco de Mayo Mexican holiday may go down in US oil trading history as the day the oil prices spun down into their biggest free fall. Oil traders have already started calling it: "Jueves de Carniceria", which loosely translates to "Killer Thursday". However,...

According to Jefferies, NYSE Euronext (NYSE: NYX) entity's superior capital levels provide it with substantial flexibility. Jefferies said that over the last few days it traveled with NYX CEO Duncan Niederauer. “With the two offers now only 8% apart, we believe the NYX/DB1 combination represents...

Interactive Brokers (Nasdaq: IBKR) is the latest online broker to throw its hat into the commission-free ETF ring, announcing that it will offer Global X ETFs to its clients sans trading costs. Connecticut-based Interactive Brokers will offer the Global X ETFs free of charge on its Trader...

Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Best Buy Is a 'Buy,' Say Einhorn, Credit Suisse Value investor David Einhorn, who runs hedge fund Greenlight Capital, disclosed a position in out-of-favor electronics retailer Best Buy(BBY_) in his latest...

Shares of IntercontinentalExchange, Inc. (NYSE: ICE) are lower on the session by 0.44%, trading at $114.34. Overall call volume is now running at 3.18x the daily average, with 1% of all calls traded being purchases on the offer. 4,334 contracts have traded on the session so far....

Xilinx Inc (NASDAQ: XLNX) shares surged 1.11% to create a new 52-week high of $35.54. XLNX's trailing-twelve-month operating margin is 33.65%. Ross Stores Inc (NASDAQ: ROST) shares jumped 33.65% to create a new 52-week high of $78.47. ROST reported a 10% surge in its April same-store sales...

Medallion (NASDAQ: TAXI) boosts quarterly dividend to $0.17 from $0.16.

Keefe, Bruyette & Woods is maintaining its Market Perform rating and its $76 price target on Portfolo Recovery Associates (NASDAQ: PRAA) following and in line Q1. PRAA closed yesterday at $85.37.

Jefferies & Co. has a Hold rating and a $130 price target on shares of Intercontinental Exchange (NYSE: ICE) after the company reported earnings. In a note to investors, Jefferies writes, "Yesterday ICE reported 1Q non-GAAP EPS of $1.77, a new quarterly record. The result was notably better...