Specialized Finance

CEO says "Nasdaq (NASDAQ: NDAQ) has ability to pursue bid through April 2012... Nasdaq wants bid to be friendly transaction."

CIT Group (NYSE: CIT) today announced that the Federal Deposit Insurance Corporation and the Utah Department of Financial Institutions terminated their Cease and Desist orders on CIT Bank that were jointly issued on July 16, 2009.

NASDAQ (NASDAQ: NDAQ) and IntercontinentalExchange (NYSE: ICE) clarify in their proposal to merger with NYSE Euronext (NYSE: NYX) that NYSE shareholders would receive 0.4069 NDAQ and 0.1436 ICE shares in the event of a merger.

NASDAQ Reports Q1 EPS $0.57 Vs. $0.61 Est. (NASDAQ: NDAQ)

Hardware Earnings- Data Center Group revenue at Intel (INTC) rose 32% in the last quarter, wheeras revenue from sales of IBM's (IBM) System z mainframe server products rose 41% last quarter. IBM (IBM) has reported a 10 per cent rise in net income to $ 2.86 billion in the January—March quarter of...

Abbott Laboratories (NYSE: ABT) is expected to report its Q1 EPS at $0.90 on revenue of $8.81 billion. Nasdaq OMX Group Inc (NASDAQ: NDAQ) is estimated to post its Q1 earnings at $0.61 per share on revenue of $408.73 million. Altria Group Inc (NYSE: MO) is estimated to post its Q1 earnings at $0....

Abbott Laboratories (NYSE: ABT) is expected to report its Q1 EPS at $0.90 on revenue of $8.81 billion. Nasdaq OMX Group Inc (NASDAQ: NDAQ) is estimated to post its Q1 earnings at $0.61 per share on revenue of $408.73 million. Altria Group Inc (NYSE: MO) is estimated to post its Q1 earnings at $0....

Deutsche Boerse: Remain Committed To Agreement With NYSE (NYSE: NYX), Reported By Bloomberg

NYSE Euronext (NYSE: NYX) today confirmed receipt of a proposed merger agreement from the Nasdaq OMX Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange, Inc. (NYSE: ICE). The Board of Directors of NYSE Euronext will review it in due course, consistent with its fiduciary duties and its...

Sino-Global Shipping America Limited (NASDAQ: SINO) shares surged 21.76% to $2.35 at 9:45 am. SINO shares have dipped 45.63% over the past 52 weeks, while the S&P 500 index has gained 8.99% in the same period. EMS Technologies Inc (NASDAQ: ELMG) jumped 19.35% to $24.79. ELMG reported that its...

IntercontinentalExchange (NYSE: ICE) and NASDAQ (NASDAQ: NDAQ) declare "fully committed financing" of $3.8B for NYSE Euronext (NYSE: NYX). The ICE/NDAQ bid for NYX is a 21% ($2B) premium to the Deutsche Boerse offer, although it has risk due to regulatory, anti-trust regulation, as well as...

NASDAQ OMX (NASDAQ: NDAQ) and IntercontinentalExchange (NYSE: ICE) today announced they have taken a series of steps demonstrating their commitment to pursuing their superior proposal with NYSE Euronext and providing greater certainty to the NYSE Euronext Board. A proposed merger agreement has...

The FDIC announced a list of 4 more banks to be shut down this year, which will cost the fund nearly $600 million. How is the recession over again? That's not. It's not. NYSE Euronext (NYSE: NYX) wants as much as $2 billion from Nasdaq OMX Group (NASDAQ: NDAQ) in a reverse breakup fee, to...

FOX Business Network Senior Correspondent, Charlie Gasparino, is reporting this afternoon that the “rubber meets the road” today at the Department of Justice as “NASDAQ officially makes its case to buy the New York Stock Exchange.” Mr. Gasparino said, “Sources tell the FOX Business Network the...

The NYSE (NYSE: NYX) wants a specific fee from Nasdaq (NASDAQ: NDAQ) to begin the M&A negotiations to be paid in the event that a transaction is blocked for antitrust reasons, reported Reuters.