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NYSE Euronext sells stake in derivatives platform

NYSE Euronext said it sold a big stake in its U.S. derivatives trading platform to five powerful market players, following the pattern of exchange operators partnering with dealers in the face of possibly sweeping regulatory changes.

Wall Street hit by financials, outlook concerns

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Stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.

Wall St hit by financials, outlook concerns

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U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
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FTSE up 0.2 pct by midday; UK Q3 earnings eyed

Britain's top shares edged up 0.2 percent by midday on Monday as energy firms and drugmakers gained ahead of third-quarter earnings this week, outpacing a decline in banks and life insurers.
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Ingersoll profit down 5 percent

Ingersoll-Rand PLC , a maker of heating and cooling systems for homes, businesses and transport, reported a 5 percent drop in quarterly profit on Friday and said it continued to see challenges in its markets.
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Fortune Brands profit tops view; ups outlook

Fortune Brands Inc reported a quarterly profit that topped analysts' estimates on Friday and said each of its business units performed at or above its expectations, sending shares of the consumer goods company up 2.4 percent.
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Philip Morris posts profit, raises outlook

Marlboro cigarette maker Philip Morris International Inc posted higher-than-expected quarterly profit and raised its full-year outlook on Thursday, helped by price increases in some markets.
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NYC sees economic gold in green jobs

Recession-stricken New York City plans to double its current green work force by creating over 13,000 new jobs in the next decade, partly by competing with London to become the new center for carbon trading, a city official said on Wednesday.
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Russia drops $22.5 billion suit vs BONY

Russia has dropped its $22.5 billion lawsuit against Bank of New York Mellon , in line with an earlier request by the country's Customs Service, a judge said on Thursday.
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TI profit and revenue beat Wall St forecasts

Chip maker Texas Instruments Inc posted better-than-expected quarterly results on Monday, citing strong demand across all business segments including computers, phones and cars.
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NYC's Stuyvesant Town moves closer to default

Stuyvesant Town and Peter Cooper Village, a huge Manhattan apartment complex that became the largest residential deal in New York's history, could be headed for default as early as December, according to Trepp, a firm that tracks commercial mortgage securities.
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Chipmaker AMD loss beats Street, shares up

Advanced Micro Devices Inc (AMD) reported stronger-than-expected quarterly results on Thursday, helped by strong processor shipments, sending shares up in after-hour trading.
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New York Times scraps plan to sell Boston Globe

The New York Times Co said it has given up its plan to sell The Boston Globe and related businesses after drastic cuts it imposed on the daily newspaper earlier this year improved its financial position.
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AIG sells Taiwan insurance unit for $2.15 billion

American International Group has agreed to sell it's Taiwan life insurance unit for $2.15 billion, a key step in its effort to raise cash after a U.S. government bailout last year saved the company from collapse.
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Citi fined $600,000 for lax trade monitoring

Citigroup Inc has been fined $600,000 by the Financial Industry Regulatory Authority for failing to police derivatives transactions, including those that helped foreign clients avoid taxes on dividends.
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Citigroup starts Tiffany with buy

Citigroup initiated coverage of jeweler Tiffany & Co with a buy rating and a $50 price target, citing an expected return to sustained positive same-store sales in the fourth quarter.

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