December 5, 2008
U.S. stocks tumble; Dow drops more than 200 points
U.S. stocks fall more than 200 points in morning trade, under pressure from slumping retail sales in December and large losses from Dow industrials component Citigroup.
Eli Lilly with Pipeline Issues
We see little movement in the stock until the above issues are addressed and rate the shares a Hold.
Sources: Nasdaq in Talks With Options Heavy Philly Exchange
According to familiar individuals, Nasdaq Stock Market Inc. is in talks to buy the Philadelphia Stock Exchange. The move would give Nasdaq a foothold in the burgeoning options business, which is the Philly exchange's forte, with the third most options contracts traded nationally.
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