Specialized Finance

Corporate America's most sensitive documents are under assault, and recent breaches suggest companies' security walls are less impenetrable than they may have realized. Cyber espionage came back to the forefront last week as the Nasdaq OMX Group (NASDAQ: NDAQ) acknowledged a confidential document-...

CME Group (NASDAQ: CME) announced that Executive Chairman Terry Duffy will appear before the U.S. House Committee on Financial Services Tuesday, February 15, to assess the regulatory, economic and market implications of the Dodd-Frank derivatives title. "The industry learned important lessons in...

Gartner Group (NYSE: IT) will host its annual investor day in Greenwich, CT, “with all of its impressive senior management team on display,” Piper Jaffray reports. “We expect upbeat commentary from CEO Gene Hall on both current business trends as well as the secular outlook (consistent with the...

Piper Jaffray has downgraded GameStop Corporation (NASDAQ: CME) from Neutral to Underweight and has lowered the price target from $18.50 to $17.

Piper Jaffray has downgraded GameStop Corporation (NASDAQ: CME) from Neutral to Underweight and has lowered the price target from $18.50 to $17.

Alan Abelson had this observation about the proposed merger between NYSE/Euronext (NYX) and Deutsche Boerse (DBOEY); All of which suggests to us that whatever the likely virtues of the proposed German-American combo, the benefits to the individual investor do not loom prominent among them. Slightly...

Consolidating is brewing in the financial sector, as NYSE Euronext (NYX) is in advanced merger discussions with Deutsche Boerse.  If this pairing comes to fruition, it would create the world's largest financial exchange, with trading capabilities on both sides of the Atlantic. This potential...

News of a potential merger between Deutsche Boerse and NYX Euronext (NYSE: NYX) sent all of the exchange stocks higher on Wednesday. The move in CBOE Holdings (NASDAQ: CBOE) is continuing on Thursday. The shares have added another 5.74% and are currently trading at $26.99. The consensus opinion is...

Yesterday it was disclosed that the NYSE Euronext (NYSE: NYX) and the Deutsche Borse were in advanced merger talks. Some have said the merger may not go through because of national security concerns. The SEC is investigating whether some traders are using ETFs to cover up acts of insider trading.

International Coal Group (NYSE: ICE) introduced 2011 adjusted EBITDA guidance of $270-310MM, below Dahlman Rose's $321MM forecast and the consensus range of $321-350MM. It believes this is aconservative estimate and continue to favor ICO shares. ICO introduced 2011 adjusted EBITDA guidance of $270...

Jefferies is reporting Intercontinental Exchange (NYSE: ICE) beat Q4 estimates and raised Price Target to $130 from $120. “ICE reported 4Q10 non-GAAP EPS of $1.35, $0.04 above our estimate and $0.02 above consensus,” the report notes. “Total revenues of $285M, were $4.2M ahead of our estimate but...

Wells Fargo is raising its valuation range on IntercontinentalExchange, Inc. (NYSE: ICE) to $140-145 from $130-135. IntercontinentalExchange currently trades at $125.11.

J.P. Morgan is out with its report today on The Intercontinental Exchange (NYSE: ICE), maintaining Overweight after Q4 10 results. In a note to clients, J.P. Morgan writes, "ICE reported 4Q10 EPS of $1.35 vs. our $1.32 estimate primarily, based on slightly better top-line performance and a lower...

Keefe, Bruyette & Woods maintained its Intercontinental Exchange (NYSE: ICE) Market Perform rating and $133 price target in a research report published today. In the report, Keefe, Bruyette & Woods states, "We raise estimates primarily on continued strength in core energy trading volume."...

Jefferies & Company has raised the price target on Intercontinental Exchange (NYSE: ICE) from $120 to $130 and maintains its Hold rating.