Stocks gain ahead of release of Fed minutes (AP)
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.
Nasdaq lowers Apple’s weight in index changes (AFP)
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.
Stocks rise following fresh round of deals (AP)
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
Why a jump in share buybacks is not a bullish sign (AP)
NEW YORK – Companies are gobbling up their own shares this year. Should you join in the buying spree?
Gambling on a stocks break-out (Reuters)
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
Nasdaq joins in global merger fray in bid for NYSE (AP)
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
US jobs, China manufacturing reports push oil to highest level since September, 2008
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.
Nasdaq, ICE make rival bid for NYSE Euronext
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 .
Nasdaq, ICE make $11.3B bid for NYSE Euronext (AP)
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