In a setback to the Securities and Exchange Commission, a federal appeals court on Friday overturned a rule bringing hedge funds under new supervision by the agency. Separately, Pequot Capital Management, a major hedge fund that is under SEC investigation for possible insider trading, denied that there was any improper activity by the fund.
Van der Moolen shares falls as costs undermine results
NEW YORK (MarketWatch) -- Shares of stock-trading specialist Van der Moolen Holding NV fell more than 6% Thursday after the company said second-quarter earnings fell sharply due to severance costs. Link to original articleStocks head for flat open as downgrades weigh
Stocks headed for a flat open on Monday as investors reassessed the sustainability of the run-up that ended with Wall Street's best week in nearly five years on Friday.
Euronext welcomes proposal to absorb Frankfurt and Milan stock exchanges
The pan-European stock market operator Euronext has said it welcomed the idea of Deutsche Boerse and the Milan bourse merging with it, but has insisted this would only be complementary to its planned merger with New York Stock Exchange.
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