New York Stock Exchange CEO 'Not Getting Into Name Game'

New York Stock Exchange CEO Duncan Niederaur Tells Fox Business That He's "not Going To Get Into The Name Game" Now That The Nyse Euronext (NYSE:NYX) Has Been Acquired By Intercontinentalexchange Inc (NYSE:ICE). New York Stock Exchange (NYSE) CEO Duncan Niederaur on what the name of the new company will [...]


Qsymia Obesity Pill To Be Covered By Express Scripts

VIVUS, Inc. (NASDAQ:VVUS) has announced that its obesity drug Qsymia will be covered by Express Scripts – the largest US pharmacy benefits manager. The move will give a larger amount of people access to the drug. With more than 78 million obese adults in the US alone, and the festive [...]


Morning Market News: ACN, ICE, NYX, BBBY, DRI, JBL, ARII, ARRS, PAYX

  Morning Market Update   Stocks that are expected to trade actively in U.S. markets on Thursday include: Accenture Plc (NYSE:ACN), IntercontinentalExchange Inc (NYSE:ICE), NYSE Euronext (NYSE:NYX), Bed Bath & Beyond Inc. (NASDAQ:BBBY), Darden Restaurants, Inc. (NYSE:DRI), Jabil Circuit, Inc. (NYSE:JBL), American Railcar Industries, Inc. (NASDAQ:ARII), Greenbrier Companies Inc (NYSE:GBX), Arris [...]


Bank of America Looks To Poach Brokers From Morgan Stanley

Bank of America Corp (NYSE:BAC) President and CEO Brian Moynihan turned down Merrill Lynch head John Thiel’s proposal to drastically lower broker compensation because “timing wasn’t right” as he is looking to “poach brokers from Morgan Stanley (NYSE:MS)", according to a breaking report from FOX Business Network (FBN) Senior Correspondent Charlie [...]


Post Market News: Markel, Strum, Ruger & Co, Alterra, Alcoa & Metlife

Post Market News Stocks that were in focus in U.S. trading on Wednesday include: Markel Corporation (NYSE:MKL), Alterra Capital Holdings Ltd (NASDAQ:ALTE), Alcoa Inc. (NYSE:AA), Oncothyreon Inc (USA) (NASDAQ:ONTY), PulteGroup, Inc. (NYSE:PHM), Lennar Corporation (NYSE:LEN), Toll Brothers Inc (NYSE:TOL), D.R. Horton, Inc. (NYSE:DHI), Actuant Corporation (NYSE:ATU), Martha Stewart Living Omnimedia, [...]


Sirius XM Radio Inc (SIRI) Names James E. Meyer As Interim CEO

Sirius XM Radio Inc (NASDAQ:SIRI) announced on Wednesday that it has appointed James E. Meyer as its interim Chief Executive Officer. This is effective immediately. Meyer, who has been Sirius XM's President of Sales and Operations since 2004, will succeed Mel Karmazin, who announced in October that he would not [...]


Martha Stewart Living CEO Gersh To Step Down

Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) announced on Wednesday that Chief Executive Officer Lisa Gersh is leaving after less than a year in the role. The executive joined the company in May 2011 as its president and COO; in July, she took over the CEO reins, replacing Charles Koppelman. The company will begin [...]


Kodak Sells Imaging Patents For $525 Million

Struggling photographic firm Eastman Kodak Company (PINK:EKDKQ) has announced the sale of its digital imaging patents for $525 million to Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT)-backed Intellectual Ventures and RPX Corp (NASDAQ:RPXC)– a consortium backed by Google Inc (NASDAQ:GOOG), LG, and HTC Corp (TPE:2498), and others. In a statement released [...]


Dick Bove to Join Rafferty Capital

The famous bank analyst Dick Bove is set to join Rafferty Capital Markets LLC, saying his final good bye to Rochdale Securities, a Stamford, Connecticut-based financial company. We reported several days ago that this would happen. It was previously reported earlier this month that Dick Bove had resigned from his position as [...]


Big Data: An Industrial Revolution For The 21st Century [INFOGRAPH]

When anyone calls something "revolutionary," particularly a critic or journalist, one can practically just smell the rampant sensationalism seeping from their opinion. However, every once in a while a phenomenon is fully deserving of the "revolutionary" title. Although we cannot fully grasp where exactly Big Data will take us [...]


Markel To Purchase Alterra Capital For $3.1 Billion

Specialty insurer Markel Corporation (NYSE:MKL) announced Wednesday that it had agreed to buy Alterra Capital Holdings Ltd (NASDAQ:ALTE) for $3.13 billion. As a part of this deal, Tom Gayner's Markel Corporation (NYSE:MKL) will offer Investors in Alterra a share of 0.43 and $10 in cash per share, representing a premium of [...]


General Motors To Soon Be Free As Treasury Plans To Sell Stake

The US Treasury has announced that it intends to sell all of its remaining stake in General Motors Company (NYSE:GM) over the next 12 to 15 months. In the deal, General Motors Company (NYSE:GM) will be purchasing 200 million shares at $27.50 – a 7.9 percent premium. The deal should be [...]


Morning Market News: FDX, SPW, MCD, YUM, SIRI, HNT, CG, PFE, NAV, KBR

  Morning Market Update   Stocks that are expected to trade actively in U.S. markets on Wednesday include: FedEx Corporation (NYSE:FDX), SPX Corporation (NYSE:SPW), Gardner Denver, Inc. (NYSE:GDI), McDonald's Corporation (NYSE:MCD), Yum! Brands, Inc. (NYSE:YUM), General Mills, Inc. (NYSE:GIS), Health Net, Inc. (NYSE:HNT), Carlyle Group LP (NASDAQ:CG), Pfizer Inc. (NYSE:PFE), Navistar [...]


Knight Capital Group Wanted $4B, But Settles With Getco For $2B

Knight Capital Group Inc. (NYSE:KCG) has agreed to sell itself to Getco, as we reported earlier this evening. For the past several weeks, there had been a large bidding war betwen Vurtu and Getco over who would win control of the company. We now have more information on the details behind Knight Capital Group [...]


Post Market News: Oracle, Nucor, Factset, Lennar And Strum, Ruger & Co

Post Market News: Stocks that were in focus in U.S. trading on Tuesday include: Oracle Corporation (NASDAQ:ORCL), PulteGroup, Inc. (NYSE:PHM), Lennar Corporation (NYSE:LEN), Hovnanian Enterprises, Inc. (NYSE:HOV), Toll Brothers Inc (NYSE:TOL), D.R. Horton, Inc. (NYSE:DHI), General Electric Company (NYSE:GE), ConocoPhillips (NYSE:COP), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), Nucor Corporation (NYSE:NUE), [...]


Knight Capital Group To Be Bought Out By Getco [UPDATED]

Knight Capital Group Inc. (NYSE:KCG) is being bought out by  Getco, according to a report from both Reuters and Bloomberg. Stephanie Ruhle, of Bloomberg MarketMakers has some of the latest information. GETCO GONNA WIN KNIGHT DEAL!insiders giving the wink - official deal announced tomorrow morning - watch us on @lboombergtv w/dets in [...]


Jeff Gundlach: Cash Is King [VIDEO]

DoubleLine Capital CEO Jeff Gundlach told Bloomberg Television's Erik Schatzker and Stephanie Ruhle on "Market Makers" today that "investors should be holding cash" in this environment. Gundlach said that risk assets have "diminishing returns" on each round of QE and "it's almost like a half-life of a radioactive particle."  Investors [...]


TheStreet Inc. Accused Of Accounting Fraud By The SEC

Today the Security and Exchange commission has officially filed charges against digital financial media company TheStreet, Inc. (NASDAQ:TST) (owner of Three specific executives within the company have also had charges filed directly against them as well for their active participation in acts of accounting fraud that superficially enhanced the revenue of [...]


All Is Well With Amazon, Except Its Rivals Are Not Sleeping, Inc. (NASDAQ:AMZN) is one of the most fascinating companies in the market. Shaking up industries such as retail, publishing, digital media, and others, it continues to grow at a blistering rate, earning an annual revenue of $51 billion. The Kindle Fire HD is the number one best selling [...]


McDonald's Asks Franchises To Stay Open On Christmas

After having kept several franchises open on Thanksgiving, and posting a surprising U.S. sales growth of 2.5% in November, McDonald's Corporation (NYSE:MCD) has decided to keep its franchises open on Christmas Day as well. According to an internal memo obtained by Ad Age, the HQ of the national fast-food chain [...]


Chesapeake Energy Corporation (CHK) Rules Out Dividend Cuts

Chesapeake Energy Corporation (NYSE:CHK) has declared that they will issue $58 million worth of dividends to shareholders despite recent efforts to reduce cash outflows. The oil & gas company is currently facing a cash crunch which began at the beginning of the second quarter as gas prices plunged, leaving [...]

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