Seat holders of the New York Stock Exchange were told by former NYSE director Kenneth Langone Monday that the Big Board’s deal to merge with Archipelago Holdings Inc. would shortchange them and the exchange, sources told The Associated Press.
Bear Stearns Profit Rises 36% to Record on Stock Trading, M&A
March 16 (Bloomberg) -- Bear Stearns Cos., the biggest underwriter of mortgage-backed bonds, said first-quarter profit rose to a record, led by revenue from trading, selling derivatives and arranging mergers. Click here for more infoMost Asian markets fell Wednesday, with Japanese stocks undermined by overnight losses on Wall Street after reaching a four-year high in the previous session. Fears of U.S. rate hikes also weighed on Hong Kong shares.
In overseas trading, crude futures kicked the new year off on a sour note. Black gold dropped 23 cents to %2460.85 per barrel in trading on the CME Globex electronic platform ( Read More )
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