London Stock Exchange has agreed a deal to take a 60 percent stake in loss-making trading platform rival Turquoise and will merge it with its own dark pool platform, Baikal, to create a new pan-Europe venture.
Stock index futures pointed to a slightly higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.13 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.07 percent at 0845 GMT (3:45 a.m. EST).
Asian share markets rose broadly on Monday, with high-tech stocks following gains in U.S. rivals late last week, and the dollar held its ground near three-month highs against the euro and kept on a firmer footing against the yen.
Prospects for the four big U.S. banks are brightening, with earnings set to rise markedly in the coming years, the financial weekly Barron's writes in its latest issue.
Santa came early for Wall Street this year by giving the S&P 500 a 22 percent gain for 2009, and with just eight trading days left in the year, stock investors are not expecting to find much more under the tree.
Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors are not expecting to find much more under the tree.
Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors aren't expecting to find much more under the tree.
Former Bank of America Corp (BAC.N) Vice Chairman Gene Taylor is putting together a fund to invest in U.S. banks after a bid to inject capital into a small Florida bank fell apart, sources familiar with the matter said.
Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.
U.S. mobile phone maker Motorola Inc's (MOT.N) set-top box unit has generated a lot of private equity interest, with a number of major buyout firms putting in initial bids this week, several sources familiar with the matter said.
The U.S. brokerage watchdog is probing how Wall Street firms, including JP Morgan Chase and Citigroup Inc , offer stock research, two people familiar with the probe said on Friday.
Crude oil rose and the U.S. dollar gained in a safe-haven bid on Friday after Iranian soldiers crossed into Iraqi territory and took up positions in a disputed southern oilfield.
Buyouts are finally returning for the deal-hungry private equity industry, which is looking at 2010 to deploy huge cash reserves into deals that buyers hope could get back up to double-digit billions.
At least seven private equity firms have submitted bids for Pets at Home, increasing the likelihood of a sale of the UK retailer rather than an initial public offering (IPO), sources familiar with the matter said.
Blackstone is planning to sell a stake in travel services provider Travelport sized at $2 billion equivalent, a source close to the deal said, part of an emerging trend of private equity sales.
U.S. stock index futures pointed to a higher open on Friday after upbeat results from technology bellwethers Oracle and Research In Motion.
The energy, finance, technology and healthcare industries are expected to be the hottest areas in a dealmaking market that in 2010 is likely to expand gradually from this year's depressed levels.
U.S. stock index futures rose on Friday on upbeat results from technology bellwethers Research In Motion and Oracle.
Citigroup Inc's Vikram Pandit endured a brutal capital raising episode this week in an effort to win the bank's freedom from close government oversight, but the bank's CEO may have won less than he hoped.
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U.S. securities regulator FINRA has launched an inquiry into how Citigroup , J.P. Morgan Chase , Morgan Stanley and others offer stock ratings and research, the Wall Street Journal reported, citing people familiar with the matter.
In the lucrative business of underwriting and selling a company's stock, J.P. Morgan led the world's banks this year, earning an estimated $2.2 billion in fees, or nearly double what it hauled from the deals last year.
