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By Stephanie Ruhle, Zachary R. Mider and Nina Mehta, Bloomberg |
December 19, 2012
Knight Capital Group Inc.’s decision to pursue a takeover by Getco LLC gives its shareholders, mostly Wall Street firms, an opportunity for stock appreciation while surrendering the certainty of cash.
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By Laura Marcinek, Bloomberg |
December 18, 2012
Jefferies Group Inc., the investment bank that agreed to be acquired by Leucadia National Corp., said fiscal fourth-quarter profit rose 48 percent, beating analysts’ estimates, as trading revenue surged.
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By Susanne Walker and Cordell Eddings, Bloomberg |
December 6, 2012
Treasury 10-year note yields dropped to a more than two-week low amid speculation the U.S. employment market is floundering as politicians debate the so-called fiscal cliff, sustaining demand for safer assets.
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By Nina Mehta and Stephanie Ruhle, Bloomberg |
November 29, 2012
Knight Capital Group Inc. capped its biggest rally in nine years after getting takeover offers from Getco LLC and Virtu Financial LLC, setting up a bidding war that may end its 17-year history as an independent company.
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By Nikolaj Gammeltoft and Alexis Xydias, Bloomberg |
November 12, 2012
U.S. stocks erased gains, failing to rebound after the Standard & Poor’s 500 Index’s biggest weekly retreat since June, as investors awaited budget talks in Washington and European finance chiefs met to discuss Greek aid.
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By Laura Marcinek, Bloomberg |
November 12, 2012
Jefferies Group Inc. agreed to be acquired by its biggest shareholder, Leucadia National Corp., in a $2.8 billion deal the companies said would make the investment bank better able to weather market turmoil.
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By Susanne Walker, Bloomberg |
October 1, 2012
Treasury 10-year note yields traded at almost a three-week low as Federal Reserve Chairman Ben S. Bernanke said inflation would remain in check as he renewed a pledge to sustain stimulus after the U.S. expansion gains strength.
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By Alex Kowalski, Bloomberg |
September 27, 2012
The economy in the U.S. grew less than previously forecast in the second quarter, reflecting slower gains in consumer spending and farm inventories.
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By Laura Marcinek |
September 26, 2012
Japan’s biggest brokerage is planning to cut as many as 30 jobs in part of its Americas equities division this week amid a global reorganization.
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By Laura Marcinek, Bloomberg |
September 20, 2012
Jefferies Group Inc., the investment bank that helped rescue Knight Capital Group Inc., dropped the most in eight months in New York trading after reporting earnings that fell short of analysts’ estimates excluding gains from the deal.
