Specialized Finance

A Louisiana pension fund is reportedly suing to block NYSE Euronext's (NYSE: NYX) deal to be acquired by Deutsche Boerse amid disappointment with the price tag and the deal's “draconian” provisions aimed at blocking counterbids. According to The Wall Street Journal, the Louisiana Municipal Police...

Rating agent Moody's (NYSE: MCO) said on Monday that Spanish banks may have to raise $68.77 billion (double what the government had forecasted) in order to regain market confidence. Moody's analyst Alberto Postigo commented, "We remain cautious on the ability of the new government's plan for...

Many investors believe low price stocks are dead, even those that trade on the New York Stock Exchange (NYX). But look at Flotek Industries Inc. (FTK), the Houston based drilling supply company. The stock traded between 1.06 to 1.36 during the month of July last year. It closed at 6.53 on Friday....

Shares of CBOE Holdings (NASDAQ: CBOE) have been headed higher ever since the merger announcement from NSYE Euronext (NYSE: NYX) and Deutsche Boerse. Traders that turned bullish on this name early, are sitting on big profits. During Friday's trading session, CBOE shares are up another 5.45% to $29....

IntercontinentalExchange (NYSE: ICE) announced that ICE Futures Europe set an exchange-wide daily volume record of 1,698,258 contracts on 24 February, surpassing the previous record of 1,626,277 set on 23 February. New daily volume records for the benchmark ICE Brent Crude futures contract and the...

IntercontinentalExchange (NYSE: ICE) today announced it has acquired Ballista Securities. Ballista is a registered broker/dealer that offers an electronic options platform for the execution of block-sized and complex multi-leg options transactions. Ballista will augment ICE's existing initiatives...

The Intercontinental Exchange (NYSE: ICE) has hiked oil margins, which are helping lead to the drop in the price of crude today. United States Oil Fund LP ETF (NYSE: USO) which tracks the price of crude, is down 63 cents to $39.17, a loss of 1.6%.

CME Group (NASDAQ: CME) today announced the third record volume for its global benchmark Light Sweet Crude Oil options contracts since the beginning of 2011. On Wednesday, Feb. 23, WTI options reached a record 324,655 contracts, surpassing the previous record of 294,411 contracts set on Jan. 31,...

FOX Business Network Senior Correspondent, Charlie Gasparino, is reporting this morning that NASDAQ's (NASDAQ: NDAQ) Chief, Bob Greifeld, is feeling “incredible shareholder pressure” to do something about the merger of the New York Stock Exchange (NYSE: NXY) and Deutchse Boerse. This includes...

Primus Guaranty, Ltd. (NYSE: PRS) today announced its financial results for the fourth quarter ended December 31, 2010. GAAP net income available to common shares for the fourth quarter 2010 was $128.3 million, or $3.30 per diluted share, compared with GAAP net income available to common shares of...

FOX Business Network's Senior Correspondent, Charlie Gasparino, is reporting this afternoon that NASDAQ (NASDAQ: NDAQ) “will decide by sometime next week about this hostile bid for the New York Stock Exchange (NYSE: NYX)”. Gasparino said that this would be “a joint bid” with the Intercontinental...

According to Deutsche Bank, CME (NASDAQ: CME) reported 4Q 2010 figures slightly ahead of expectations and meeting the management guidance. Deutsche Bank reported that, with sales of USD 257.4m, up 10% YoY the company came 12% ahead of its expectations. “As the major driver of revenue strength we...

Pre-open movers US stock futures are higher this morning as investors are awaiting earnings reports. Futures on the Dow Jones Industrial Average rose 47 points to 12,230 and futures on the S&P 500 index gained 5 points to 1,319. Nasdaq 100 futures advanced 12.25 points to 2,334. A Peek Into...

Nasdaq OMX may bid for the New York Stock Exchange (NYSE: NYX) (Reuters) Oil reached a 2 1/2 high on Middle East concerns (Reuters) Hewlett-Packard (NYSE: HPQ) made a grim forecast for 2011 and its shares dropped (Reuters) Barclays (NYSE: BCS) won a $

Apparently feeling left out of the latest round of exchange M&A fever, Nasdaq OMX Group (Nasdaq: NDAQ) could launch a rival bid for NYSE Euronext (NYSE: NYX) to compete with the $10.2 billion Germany's Deutsche Boerse is offering the operator of the New York Stock Exchange. Nasdaq could also...