Analysis: In ICE-NYSE deal, one CEO steps back, the other rises

(Reuters) - Duncan Niederauer, the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired. Last year, even when Niederauer was prepared to sell his company to Deutsche Boerse, he insisted that he be chief executive of the combined company. The deal ended up being quashed by German regulators. But with the agreement by IntercontinentalExchange...

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Stocks fall sharply after Republicans cancel vote

NEW YORK (AP) -- Stocks are opening sharply lower on Wall Street. The big drop comes after House Republicans called off a vote on tax rates. That left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect. The Dow Jones industrial average is down 116 points at 13,195. The Standard & Poor's 500 index is off 13 points at 1,430. And the Nasdaq...

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RIM shares fall at the open after earnings

TORONTO (Reuters) - Research In Motion Ltd fell in early trading on Friday following the BlackBerry maker's Thursday earnings announcement, when the company outlined plans to change the way it charges for services. RIM, pushing to revive its fortunes with the launch of its new BlackBerry 10 devices next month, surprised investors when it said it plans to alter its service revenue model, a move that...

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Stocks open sharply lower after GOP cancels vote

NEW YORK (AP) — Stocks opened sharply lower Friday on Wall Street after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect. The Dow Jones industrial average fell 140 points to 13,171 in the opening minutes of trading, a decline of 1 percent. The Standard & Poor's 500 index fell...

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Insight: Wall Street, facing fiercer watchdog, flees U.S. power markets

NEW YORK (Reuters) - When federal regulators proposed a six-month penalty on JPMorgan Chase & Co's electricity trading arm last month, they took aim at what is now a rare sight on Wall Street: a large and growing power sales business. After five years of rapid and lucrative growth, the world's biggest investment banks are now dramatically scaling back their U.S. power operations, a Reuters analysis...

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AP Sources: Jets could trade QBs Sanchez, Tebow

FLORHAM PARK, N.J. (AP) — Mark Sanchez is no longer the face of the New York Jets. He could soon be a former member of the team.And Tim Tebow might even beat him out the door.A person with knowledge of the situation told The Associated Press on Thursday that the Jets will consider all of their options regarding the two quarterbacks during the offseason. That means both Sanchez and Tebow are in limbo...

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It's official, Andersen is new Wisconsin coach

MADISON, Wis. (AP) — Several schools tried to lure Gary Andersen away from Utah State.Wisconsin finally got him.Andersen was officially hired as the Badgers' new coach Thursday, and will be formally introduced at a news conference Friday morning. He replaces Bret Bielema, who left the Badgers for Arkansas this month."I don't know if I can really have a word for how excited I am to be at Wisconsin...

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Canadian Football Hall of Famer Eagle Keys dies at 89; won three Grey Cups

VANCOUVER - Canadian Football Hall of Fame inductee Eagle Keys has died at the age of 89.Keys played centre and linebacker for five years with the Montreal Alouettes (1949-51) and with the Edmonton Eskimos (1952-54), being named to three CFL all-star teams.He became a coach after retiring as a player, starting as an assistant in Edmonton in 1955. He became the Eskimos' head coach in 1959, a job he...

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Lebron shines brightest on every stage

(Reuters) - LeBron James finally captured an elusive National Basketball Association title to cap a year where he silenced his critics and shared the spotlight with some unlikely players."Linsanity" became one of the new buzzwords in the NBA while a collegiate player took a sledgehammer to the record books and the Los Angeles Lakers made a blockbuster trade that rekindled memories of the team's "Showtime"...

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New generation of QBs emerge but league faces threats

MIAMI (Reuters) - A new generation of talented quarterbacks emerged in 2012 but a refereeing fiasco, worries over concussions and player behavior all left their mark on the National Football League (NFL).The year was also a tantalizing tale of the Mannings with New York Giants quarterback Eli Manning winning his second Super Bowl title in four years with a win over New England in the same stadium...

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MetLife says 2013 forecast assumes no buybacks

(Reuters) - MetLife Inc's  2013 earnings forecast assumes no share buybacks, the company's chief executive said on Thursday.The Federal Reserve has twice blocked MetLife from buying back stock, a consequence of the bank holding company charter the insurer is trying to sh...

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Higher operating costs weigh on Imagination Tech

LONDON (Reuters) - Profit growth at Imagination Technologies has been dampened by higher research costs, overshadowing a 90 percent jump in shipments of chips containing its graphics technology used in products like Apple's iPad.Shares in the British company reversed early gains and were trading 4 percent lower as analysts said the operating expenses had weighed on earnings.Imagination, which counts...

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Delta expects 2013 profit growth, plans returns to shareholders

(Reuters) - Delta Air Lines  said on Wednesday that it expected profit growth in 2013 and would introduce a plan to return cash to shareholders.Chief Executive Officer Richard Anderson said during the carrier's investor meeting webcast that Delta, the No. 2 U.S. airline behind United Continental Holdings Inc , expected a profit of $1.6 billion for this year. He said 2013 would bring a "solid...

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Costco profit jumps despite light membership fee growth

(Reuters) - Costco Wholesale Corp's  quarterly earnings beat Wall Street estimates, but the largest U.S. warehouse club chain collected less in membership fees than some analysts anticipated.Shares of Costco were up 0.8 percent at $99.11 in morning Nasdaq trading after a slight decline earlier in the session.Members pay up to $110 per year to shop at Costco's cavernous stores and website, where...

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Nasdaq to buy Thomson Reuters PR, IR units for $390 million

(Reuters) - Nasdaq OMX Group Inc said on Wednesday it agreed to buy Thomson Reuters  Corp's investor relations, public relations and multimedia services units for $390 million, as the exchange operator builds businesses that do not depend on trading.The all-cash deal will add to Nasdaq's earnings within 12 months of closing, excluding transaction-related costs, the company said.Nasdaq is looking...

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