NEW YORK – Concerns about inflation pushed materials companies higher Tuesday as investors waited for the release of the minutes of the Federal Reserve’s last meeting.
NEW YORK (Reuters) – U.S. stock index futures fell on Tuesday after a slide in Apple Inc, which had its weighting cut in a rebalancing of shares in the Nasdaq 100, forcing some to sell the iPhone maker’s stock. Once the rebalancing is effective on May 2, the projected weight of Apple Inc (AAPL.O) will be 12.33 percent of the index compared with its current 20.49 percent, Nasdaq OMX (NDAQ.O) said on its website.
NEW YORK (AFP) – Nasdaq OMX announced plans Tuesday to reduce Apple’s weighting in a rare rebalancing of its Nasdaq-100 Index after shares of the computer giant quadrupled in value over the past two years. Apple currently accounts for more than 20 percent of the index by weighting but this will be reduced to 12.33 percent from May 2 on the Nasdaq-100 which comprises the 100 biggest non-financial stocks on the Nasdaq market.
NEW YORK – Stocks edged up in early trading Monday following a new round of corporate deals. Pfizer, the world’s largest drugmaker, said it would it sell its Capsugel unit to an affiliate of private equity firm Kohlberg Kravis Roberts for $2.4 billion in cash. Capsugel makes capsules for oral medicines and dietary supplements
NEW YORK – Companies are gobbling up their own shares this year. Should you join in the buying spree?
NEW YORK (Reuters) – The Standard & Poor’s 500 index is poised to hit its highest mark in nearly three years this week after more signs of life from the jobs market, but think twice before betting the house. Many investors are coming to the view that the U.S
NEW YORK – Instead of fighting the NYSE, Nasdaq wants to own it. Nasdaq OMX Group Inc. and another U.S.-based market, the IntercontinentalExchange Inc., submitted a joint $11.3 billion bid Friday for NYSE Euronext, the parent company of the New York Stock Exchange
NEW YORK, N.Y. – Oil prices hit a new 30-month high on Friday after the world’s top two oil consumers, the U.S. and China , issued positive economic reports that pointed to increased demand.
NEW YORK (Reuters) – Nasdaq OMX and IntercontinentalExchange unveiled a rival bid to buy NYSE Euronext for about $11.3 billion in cash and stock, a 19 percent premium to an offer made by German competitor Deutsche Boerse .
NEW YORK – Nasdaq is teaming up with IntercontinentalExchange to make an $11.3 billion counteroffer for the parent of the New York Stock Exchange. The joint bid is a challenge to Deutsche Boerse, the owner of the Frankfurt stock exchange, which has said it will buy NYSE Euronext for about $10 billion