REUTERS - In October, Jeff Sprecher, chief executive of upstart IntercontinentalExchange , approached NYSE Euronext CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London.
As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion deal announced on Thursday.
The deal will link up two powerful derivatives exchange...
Wall Street bounces back on hope for "cliff' solution
Labels: BusinessNEW YORK (Reuters) - U.S. stocks rebounded from early losses on Thursday after Republican House Speaker John Boehner said he would keep working on a solution to the "fiscal cliff" while also slamming President Barack Obama's approach to budget talks.
NYSE Euronext was the S&P 500's biggest gainer, surging 34 percent to $32.25 after IntercontinentalExchange Inc said it would buy the operator of...
Regulator plans to sanction JPMorgan on "Whale" trade - report
Labels: Business(Reuters) - A U.S. bank regulator is planning to issue a formal action against JPMorgan Chase & Co , demanding that the bank fix lapses in risk controls that allowed some of its traders to build a risky bet that lost $6.2 billion, the Wall Street Journal reported on Thursday.
The Office of the Comptroller of the Currency, a division of the Treasury Department that oversees banks, is not expected...
ICE to buy NYSE Euronext for $8.2 billion
Labels: BusinessREUTERS - In October, Jeff Sprecher, chief executive of upstart IntercontinentalExchange , approached NYSE Euronext CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London.
As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion deal announced on Thursday.
The deal will link up two powerful derivatives exchange...
Trafigura 2012 earnings fall below $1 bln - FT
Labels: BusinessSINGAPORE, Dec 21 (Reuters) - Commodities trader Trafigura
earned about $1 billion for the second straight year
in 2012, but down from a record achieved last year due to higher
staff costs and new investments, the Financial Times reported.
The privately-held company, based in Geneva and Singapore,
made a profit of $991.9 million in the year to September, down
11 percent from last year's record $1.11...
ICE to acquire NYSE in $8.2bn deal
Labels: BusinessLondon, Dec. 21 (ANI): IntercontinentalExchange (ICE), the 12-yr old firm dealing in contracts tied to energy and commodity prices, has agreed to buy NYSE Euronext for cash and stock in a deal worth 8.2 billion dollars.
As part of the deal, ICE also gains control of the Liffe (London International Financial Futures and Options Exchange) and stock exchanges in Paris, Lisbon, Brussels and Amsterdam....
Dec
20
NHL lockout has chilling effect on business
Labels: SportsBUFFALO, N.Y. (AP) — Most everywhere Lou Billittier turns these days, the Buffalo restaurateur is reminded of the NHL lockout, and its impact on his blue-collar, sports-mad town where Dominik Hasek became a star and the French Connection is still revered.Billittier misses the familiar faces of Sabres players having their traditional game-day lunch at his restaurant, Chef's. He recalled a recent...
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