November 20, 2008
Reports: Nasdaq to buy exchange
NEW YORK - The Nasdaq Stock Market Inc. has agreed to buy the Philadelphia Stock Exchange for about $650 million, moving it into the fast-growing US options market, people familiar with the matter said yesterday.
Volume Spikes: PRE ALK DST OMC
The following companies showed unusually heavy volume in trading Tuesday on the New York Stock Exchange around 2 p.m. Higher-than-normal volume can indicate increased activity by institutions such as mutual funds and insurance companies.
A small library table doubles as a stock trading floor as members of the Moneybags Investment Club periodically lick their fingers and flip through pages of monthly asset reports and study their stock performance.
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