NASDAQ

  • Nasdaq to compensate firms on December 31 for botched Facebook IPO 28-12-2013 12:04 PM

    New York: Nasdaq OMX Group will compensate firms on December 31 for qualifying claims related to Facebook's botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday. Nasdaq said previously it would pay up to $41.6 million in claims to market participants that...
  • Twitter expected to begin investor roadshow on Oct 28, picks NYSE for IPO 16-10-2013 10:01 AM

    San Francisco: Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. The online messaging service's decision to go with the older exchange deals a blow to the tech-heavy Nasdaq, which...
  • Technical glitch halts Nasdaq trading for three hours 23-08-2013 06:16 AM

    A mysterious glitch halted trading on the Nasdaq for three hours on Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple, Microsoft and Google. The problem sent brokers racing to figure out what went wrong and...
  • Anna Hazare to ring bell at NASDAQ, to lead I-D parade in New York City 13-08-2013 07:38 PM

    Indian Americans are preparing to throw a red-carpet welcome to anti-corruption crusader Anna Hazare, during his two-week visit to the US, a kind of welcome, which has not been seen for a non-politician from India in recent times. During his stay in the US, Hazare is scheduled to criss cross...
  • US SEC fines Nasdaq $ 10 mn for Facebook IPO mess 29-05-2013 10:50 PM

    Washington: Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes it made during Facebook's initial public offering last year, the US Securities and Exchange Commission said. The SEC said that Nasdaq's series of "ill-fated...
  • iGate faces unsettled tax demands worth Rs 738 crore 26-05-2013 12:50 PM

    New Delhi: After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of USD 132.7 million (about Rs 738 crore) for assessment years 2004-05 to 2009-10. iGate, which was in news for sacking of its chief...
  • BSE remains world's top exchange 25-11-2012 03:20 PM

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  • Hurricane Sandy will keep financial markets closed today 30-10-2012 12:18 AM

    New York: Stock trading will be closed in the US for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed. The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, and...
  • Facebook wins back friends on Wall Street, shares soar 25-10-2012 12:21 AM

    Bangalore: Facebook Inc's shares headed towards their biggest one-day jump on Wednesday after the company reported a surprising rise in mobile advertising, easing concerns it was having trouble capitalizing on soaring use of smartphones and tablets. Facebook shares, sold for $38 each in their initial public offering in May, were...
  • US stocks take a beating, plunge 3 per cent 23-09-2011 07:31 AM

    New York: US stocks plunged on Thursday, extending a selloff to four days, as policymakers' failure to arrest global economic stagnation sent markets spiraling downward. The heavy volume of Thursday's plunge signaled investors are selling in anticipation of more losses. Wall Street's "fear gauge," the CBOE Volatility Index, jumped 12...
  • Sensex rises 156 pts; IT stocks lead rally 23-08-2011 09:21 AM

    Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday added over 156 points as investors picked up stocks, particularly IT shares, available at lower levels after recent losses, amid firming global cues. The 30-share barometer advanced by 156.77 points to close at 16,498.47 points. The index initially touched the day's...
  • Beaten-down Wall Street slammed by recession fears 19-08-2011 07:34 AM

    New York: Rising fears of another recession hammered US stocks on Thursday, sending major averages sharply lower in a return to the extreme fluctuations investors endured a week ago. New worries about the health of European banks set the tone before the market's open, and a dismal report on regional...
  • Wild week on Wall Street ends with subdued gains 13-08-2011 08:06 AM

    Washington: After one of the most volatile weeks in memory, US stocks ended higher on Friday in a tentative sign that the worst of the selling may be over. Volume was much lighter than on any other day of the week and intraday swings were far less violent than in...
  • Wall St recovers, S&P 500 and Nasdaq up 4 pc 12-08-2011 12:04 AM

    New York: The S&P 500 and Nasdaq rose more than 4 per cent in afternoon trading on Thursday while the Dow added to gains, with energy and financial services companies among the strongest sectors. Solid results from Cisco and mildly encouraging US jobs data helped stocks recover from recent steep...
  • Groupon IPO dented by market, new numbers 11-08-2011 12:33 PM

    San Francisco: Groupon Inc's plans for an initial public offering have been dented by the stock market slump and new financial disclosures that suggest the daily deal company's business is slowing in North America, analysts said on Wednesday. The tech-heavy Nasdaq Composite index fell more than four percent on Wednesday,...
  • Dow plunges 519 pts on economy, Europe worries 11-08-2011 02:04 AM

    New York: Stocks are falling at the close of trading as investors' attention returns to the weak economy and Europe's debt problems. The Dow Jones industrial average is down 519, or 4.6 per cent, to 10,720. It's the third time in the last five trading days that the Dow lost...
  • Wall Street tumbles on French bank worry 10-08-2011 07:50 PM

    New York: US stocks fell sharply on Wednesday, wiping out most of the previous session's gains, on fears of tumult in the French banking sector, which has significant exposure to shaky European debt. US financial stocks led the decline on worries that any French bank problems could spread to them....
  • Wall Street pares gains after Fed statement 09-08-2011 07:25 PM

    New York: Stocks pared gains and the Dow and S&P 500 briefly turned negative on Tuesday in volatile trading after the US Federal Reserve said the economy had weakened. The Dow Jones industrial average was up 60.43 points, or 0.56 per cent, at 10,870.28. The Standard & Poor's 500 Index...
  • NASDAQ, DOW tumble after S&P downgrade of US 08-08-2011 07:08 PM

    New York: US stocks are tumbling amid a rout in global markets after Standard & Poor's downgraded the US credit rating for the first time. It cut the long-term debt rating for the US by one notch late Friday. The downgrade wasn't unexpected, but it comes when investors are already...
  • Wall Street turns positive in volatile session 05-08-2011 11:20 PM

    New York: US stocks rose in volatile trade on Friday as investors saw a buying opportunity following the sharp sell-off that took the S&P 500 down 10 percent over the last 10 sessions. The stock market extended its rebound after Italian Prime Minister Silvio Berlusconi said his country will introduce...
  • Hackers penetrate Nasdaq computers 05-02-2011 11:18 AM

    New York: Computer hackers repeatedly entered the network of the company that runs the Nasdaq stock market in the past year, but the trading platform was not compromised, the Wall Street Journal reported on Friday. The report cited people familiar with the matter as saying law enforcement investigators were considering...
  • Egypt protests escalate, world markets plunge 29-01-2011 07:36 AM

    New York: Stock markets around the world slumped, crude oil prices surged and the dollar gained on Friday as images of escalating violence and chaos in Egypt gripped investors and raised concerns the protests will spread across the Middle East. Money managers, who in recent months had been accelerating moves...
  • Regeneron pain drug put on clinical hold 28-12-2010 09:53 AM

    Boston: Regeneron Pharmaceuticals Inc said on Monday that US regulators placed the company's experimental pain drug for osteoarthritis on clinical hold after a patient in another company's trial developed a serious bone disorder. Regeneron said it and its partner, Sanofi-Aventis SA, were informed late last week by the US Food...
  • Worst recession in 8 decades is officially over 21-09-2010 11:40 AM

    New York: On a day the Sensex touched the 20,000 mark for the first time since January 2008, there’s some more good news. The worst economic recession in eight decades is now officially over. Stocks surged on Monday to a 4-month high on news that the great recession is officially...
  • Preity Zinta rings the opening bell of NASDAQ 18-08-2010 04:21 PM

    Preity Zinta rang the opening bell of NASDAQ in New York City on Tuesday. It is the world’s biggest stock exchange. “Yeah! I am invited for the opening bell ceremony at NASDAQ Tuesday morning,” the actress tweeted. “Hope you can list one of my companies there someday! Ting! Now I’m...