The Delaware Supreme Court upheld the dismissal of appeals in a case over ownership rights at The Chicago Board Options Exchange, removing an obstacle to the CBOE's plan to turn itself into a for-profit shareholder company, the exchange said on Wednesday.
Barclays Capital has appointed Tim Broadbent to lead its U.S. Leveraged Loan Syndicate team, according to an internal memo, filling a gap left when Bill Hughes departed to join Citigroup.
The Chicago Board Options Exchange could launch an initial public offering by May following a recent settlement of a protracted legal dispute, according to the Wall Street Journal.
U.S. securities regulators have stepped up their probes of hedge funds and are asking some firms to hand over information about their performance and trades, a source familiar with the matter said on Wednesday.
The Dow and S&P slipped on Wednesday, with falling oil prices prompting investors to sell some energy shares and concerns about bank profits pressuring the financial sector.
The Chicago Board Options Exchange could launch an initial public offering by May following a recent settlement of a protracted legal dispute, according to the Wall Street Journal.
Gold hit a record high at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions on expectations for a fresh leg of dollar weakness and more central bank buying.
U.S. Treasury Secretary Timothy Geithner said on Wednesday there was a good case to let some firms use derivatives with little scrutiny for business purposes, but that most trading should face stiffer rules.
The Dow and S&P slipped on Wednesday, pressured by the financial and energy sectors, although the Nasdaq rose on positive news on online retailers such as Amazon.
The S&P 500 and Nasdaq rose on Wednesday, lifted by positive news on online retailers such as Amazon, while the Dow edged lower with energy and financials following mixed data on the labor market.
The days of swashbuckling backslappers on the floor of the New York Stock Exchange have given way to an era of trading dominated by analytical technical whizzes whose computers may be running from a town in deepest New Jersey or Texas.
Gold hit record highs at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions due to expectations of a fresh leg of dollar weakness and more central bank buying.
Siemens AG has hired UBS to help sell its hearing-aid unit, with initial teaser documents on the business likely to reach bidders before Christmas, sources familiar with the matter said.
U.S. private equity firm Carlyle Group plans to announce two or three deals soon in Brazil, Latin America's largest economy, co-founder David Rubenstein said on Wednesday.
British fashion retailer New Look has moved closer to a stock market return by picking banks to handle a possible initial public offering (IPO) early next year, an industry source said on Wednesday.
Kohlberg Kravis Roberts & Co and Fubon Financial are among the bidders for Morgan Stanley's stake in Chinese investment bank CICC, people familiar with the matter said on Wednesday, in a deal that could be worth more than $1 billion.
U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to let regulators block companies from customizing derivatives contracts to avoid trading on central clearing houses.
U.S. stock index futures were flat on Wednesday as investors awaited a private-sector employment report and the Federal Reserve's Beige Book of regional economic conditions.
U.S. stock index futures were flat on Wednesday as investors awaited a private-sector employment report and the Federal Reserve's Beige Book of regional economic conditions.
U.S. stock index futures were flat on Wednesday as investors awaited a private-sector employment report and the Federal Reserve's Beige Book of regional economic conditions.
Contagion from emerging markets Ukraine and Dubai, debt in the eurozone's weakest economies, British politics, climate talks in Copenhagen and tensions with Tehran could all affect Western European markets in December.
European equities edged lower on Wednesday after their biggest one-day gain in more than 4 months in the previous session, as a decline in banking stocks offset higher pharma and food shares.