Inside these posts: NYSE

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Nasdaq and ICE not walking away from NYSE bid

Nasdaq OMX Group and IntercontinentalExchange Inc are not going to walk away from their bid for NYSE Euronext, despite the NYSE board’s rejection of the unsolicited offer, according to people familiar with the matter. Get the full story »

Ex-CBOT chief joins board of NYSE’s clearinghouse

Bernard Dan, who headed the Chicago Board of Trade until its 2007 takeover by CME Group Inc., will help guide NYSE Euronext’s co-owned clearinghouse as it takes on the CME later this month.

Dan, currently president of Chicago-based trading firm Sun Holdings LLC, joined the board of New York Portfolio Clearing as an independent director, the clearinghouse said Wednesday. Get the full story »

NYSE merger not seen as U.S. security risk

A senior U.S. Treasury official said he did not see any national security concerns with Deutsche Boerse’s planned takeover of NYSE Euronext.

The deal between the German market and the iconic New York-based exchange must win approval from the Securities and Exchange Commission and the Justice Department’s antitrust division. Get the full story »

CME to offer margining plan for rates, Treasuries

CME Group Inc. on Monday unveiled a cross-margining plan that would help customers trading both interest rate and Treasury futures, as the world’s largest derivatives exchange prepares for more competition.

The move by the Chicago Mercantile Exchange parent to create a new clearing membership class comes weeks before rival NYSE Euronext is expected to launch a similar cross-margining platform. Get the full story »

U.S. bourses not rushing to merge, analysts say

U.S. exchanges may not rush to strike deals to compete with the combined Deutsche Boerse AG and NYSE Euronext, even as the sector is almost certain to consolidate further over the long term.

In particular, analysts cast doubt on a report that CME Group would try to buy NYSE Euronext — operator of the New York Stock Exchange — away from its German suitor, which this week offered to pay $10.2 billion for the icon of U.S. capitalism. Get the full story »

New York and German exchanges sign off on deal

The parent company of the New York Stock Exchange says it has agreed to combine with the operator of the Frankfurt stock exchange, Deutsche Boerse.

The deal announced Tuesday will create the world’s largest financial exchange owner. Deutsche Boerse shareholders will own 60 percent of the new company. Shareholders of NYSE Euronext Inc. will own the rest. Get the full story »

CME Group says it’s focusing on ‘organic growth’

CME Group's offices at 30 S. Wacker Drive in Chicago, Feb 14, 2011. (Nancy Stone/Chicago Tribune)

CME Group Inc. said it remains committed to “organic growth” in derivatives trade, following speculation that the Chicago company may launch a rival bid for NYSE Euronext.

CME, one of the world’s largest operators of futures and options markets, was reported Monday to be exploring a possible offer for the Big Board parent, which is in advanced merger talks with Germany’s Deutsche Börse AG, with Nasdaq OMX Group Inc. as a potential partner in such a deal.

NYSE Euronext owns the NYSE Liffe derivatives market, which is strong in Europe. Get the full story »

CME Group said to be interested in NYSE

Chicago-based CME Group is considering horning in on merger talks between the New York Stock Exchange owner and a stock exchange in Germany, according to reports.

CME, which employs about 2,000 in Chicago, is considering a strategic response to the impending takeover of the Big Board by Deutsche Boerse AG. Get the full story »

Motorola shares falls on report of cheaper iPhones

Shares of Motorola Mobility fell about 5 percent on Monday on concerns it would be particularly vulnerable to competition from the next version of Apple Inc.’s iPhone.

Motorola shares fell $1.44 or 4.6 percent at $29.71 on New York Stock Exchange after the Wall Street Journal reported Apple was developing a cheaper iPhone that is cheaper than its current model, the iPhone 4, and about half the size. Get the full story »

CBOE: All U.S. exchanges need to consider mergers

The U.S. exchanges left out of this week’s flurry of announced acquisitions now need to consider whether they, too, should strike a deal, a CBOE Holdings Inc. executive said on Friday. Get the full story »

CFO of CME Group still digesting merger news

CME Group Inc. is still digesting the news that Deutsche Boerse is in talks to buy NYSE Euronext, a top executive said, and it is unclear how difficult a deal it will be to complete. Get the full story »

NYSE clearinghouse rival to CME wins approval

New York Portfolio Clearing, a start-up clearinghouse co-owned by NYSE Euronext, won regulatory approval to clear derivatives, paving the way for competition with futures exchange giant CME Group Inc.

NYPC, jointly owned by the Big Board’s parent and the Depository Trust and Clearing Corp, will clear interest rate futures offered by NYSE Euronext’s U.S. futures exchange, NYSE Liffe, a statement from the U.S. Commodity Futures Trading Commission said. Get the full story »

Motorola’s successors see shares rise after spinoff

Motorola Mobility and Motorola Solutions began trading separately on Tuesday, the final step in Motorola’s two-and-half-year process in becoming two independent companies.

Motorola’s longtime ticker symbol, MOT, was retired on Tuesday as Schaumburg-based Motorola Inc. began trading under its new name, Motorola Solutions, with the ticker MSI. Motorola Mobility, which was spun off as a new company, trades under the ticker MMI.

Shares of Motorola Mobility, which includes the smartphone and TV set-top business, closed 9.5 percent higher at $33.12. Shares of Motorola Solutions Inc , which targets businesses with products like barcode scanners, closed up $2.46, or 7.6 percent, at $39.77.

Get the full story »

GM up after high marks from Wall Street

General Motors shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.

The positive ratings by Wall Street come just six weeks after GM returned to the New York Stock Exchange in the largest initial public offering in history — about $23.1 billion. Its high was $35.99, reached on its first day of trading November 18. Get the full story »

TV ratings firm Nielsen sets IPO for next month

Nielsen, which provides ratings on television viewing among other media services, has targeted next month for an initial public offering of stock, CNBC’s Kate Kelly reported Thursday.

The company is in talks regarding the timing, but it intends to begin a road show for investors during the Jan. 10-14 workweek, Kelly cited sources as saying. Pricing the shares to be sold through the IPO could then follow, possibly in late January, she said. Get the full story »