(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...
Stocks fall sharply after Republicans cancel vote
Labels: BusinessNEW 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...
RIM shares fall at the open after earnings
Labels: BusinessTORONTO (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...
Stocks open sharply lower after GOP cancels vote
Labels: BusinessNEW 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...
Insight: Wall Street, facing fiercer watchdog, flees U.S. power markets
Labels: BusinessNEW 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...
Dec
20
AP Sources: Jets could trade QBs Sanchez, Tebow
Labels: SportsFLORHAM 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...
It's official, Andersen is new Wisconsin coach
Labels: SportsMADISON, 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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