Connect to share and comment

Eight to stand trial for alleged stock price manipulation

SEOUL, June 10 (Yonhap) -- Eight people have been indicted on charges of manipulating stock prices by making false regulatory filings and spreading deceptive information via an Internet broadcast in the course of corporate takeovers, prosecution officials said Monday. Two suspects were formally arrested and six accomplices were indicted without detention. The two people, including a suspect surnamed Yang, are accused of making false regulatory filings while taking over two KOSDAQ market-listed firms, the Seoul Central Prosecutors' Office said.

ICE chief ready to cede NYSE market share in bid to end rebates

By John McCrank NEW YORK (Reuters) - The New York Stock Exchange may cede some of its share in U.S. stocks in an effort to end large trading incentives after NYSE Euronext's <NYX.N> $8.2 billion sale to IntercontinentalExchange <ICE.N> goes through, ICE's chief executive said on Friday.

Textura shares jump in first day of trading after software maker's IPO raises $75 million

NEW YORK, N.Y. - Textura Corp. shares rose in their trading debut after the software company raised $75 million in its initial public offering of stock. Textura sold 5 million shares for $15 each, the high end of its expected price range of $13 to $15. The banks managing the deal may buy another 750,000 shares, increasing the proceeds from the IPO. The Deerfield, Ill., company provides project management software for the construction industry. The shares, which trade on the New York Stock Exchange under the symbol "TXTR," rose 40 per cent to close at $20.94 Friday.

European stocks end up with eyes on US data

European stock markets rebounded to close higher on Tuesday as traders sat back in their positions ahead of an intense series of US data scheduled for later this week, analysts said. London's FTSE 100 index of leading shares rose 0.51 percent to end at 6,558.58 points, while Frankfurt's DAX 30 index added 0.12 percent to 8,295.96 points. In Paris, the CAC 40 gained 0.13 percent to finish at 3,925.83 points. "The newsflow will be intense in the next three days and investors are happy to stay in their positions today," said Xavier de Villepion, a trader at Global Equities.

European stocks hit by Asia strains

European stock markets fell on Monday after a fresh slide in Tokyo on poorly-received Chinese economic data, analysts said. London's FTSE 100 index of leading shares dropped 0.40 percent to stand at 6,556.88 points in late morning deals. Frankfurt's DAX 30 index slid 0.69 percent to 8,291.14 points and in Paris the CAC 40 retreated 0.53 percent to 3,927.74.

Asian stock markets fall on heels of a Wall Street plunge as Fed uncertainty shakes markets

BANGKOK - Uncertainty about the U.S. Federal Reserve's next course of action and a sharp, sudden plunge on Wall Street sent Asian stock markets lower Monday. Japan's Nikkei 225 index lost 3 per cent to 13,359.16, echoing U.S. stock market losses Friday. The Dow dropped more than 200 points, its worst drop in six weeks. The Nikkei also weakened as the Japanese currency posted gains against the dollar, a currency movement seen as negative for Japan's exporters since their products become more expensive when sold overseas.

China punishes two brokerages in IPO fraud crackdown

BEIJING (Reuters) - China's securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing's determination to bring credibility to a stock market some have likened to a casino. The China Securities Regulatory Commission will fine Minsheng Securities 2 million yuan ($326,000) for failed due diligence in Shanxi Tianneng Technology's attempt to launch an initial public offering in 2011, the regulator said in a statement on its website.

European stocks brush off Tokyo plunge

European stock markets rose on Thursday despite plunging Japanese stocks and heavy Wall Street losses overnight, and as traders looked ahead to US growth data as the world's biggest economy outpaces the indebted eurozone. London's FTSE 100 index of leading shares climbed 0.15 percent to 6,637.23 points in late morning deals. Frankfurt's DAX 30 index gained 0.23 percent to 8,355.65 points and in Paris the CAC 40 won 0.46 percent to 3,992.44.

Stakeholders in Empire State Building approve plan for IPO that could raise up to $1B

NEW YORK, N.Y. - The company that owns the Empire State Building is a step closer to going public. According to a Securities and Exchange Commission filing, more than 80 per cent of shareholders approved a plan to turn the privately held company into a publicly traded real estate investment trust. The plan, spearheaded by father-and-son real estate magnates Peter and Anthony Malkin, could raise up to $1 billion by selling stock in a new company. It will be called Empire State Realty Trust and include the Malkins' holdings in Manhattan and Connecticut.

Tokyo stocks tumble more than 5% in afternoon trade

Tokyo stocks tumbled more than five percent on Thursday afternoon as jittery investors dumped shares following an overnight fall on Wall Street on the back of concerns over global growth. The benchmark Nikkei 225 index was down 5.06 percent, or 725.54 points, to 13,600.92 in the afternoon session, while the Topix index of all first-section shares was off 3.96 percent, or 45.41 points, at 1,133.06.
Syndicate content