- The behavior of the markets at their October peak raises hope that the recent decline may not turn out to be severe and that it may have already run its course. - Nasdaq Stock Market obtained clearance to sell a stake to Borse Dubai, paving the way for Nasdaq?s eventual acquisition of the OMX exchange in Stockholm. - The exchange, Asia?s seventh-biggest equities market, planned to sell a stake of as much as 25 percent of itself to overseas bourses. - A suitor for the Nordic stock exchange operator OMX, the investment group Qatar Holding, has withdrawn its application to be considered a potential owner. The decision could clear the way for a joint $4.9 billion takeover bid for OMX by Borse Dubai and Nasdaq. The Qatar group owned under 10 percent of the shares in OMX and had applied for permission to buy up to 100 percent of the company, fueling speculation of a bidding contest.;A suitor for the Nordic stock exchange operator OMX, the investm... - Twelve Wall Street firms that started competing platforms for trading unregistered securities known as 144a issues agree to cooperate in single platform operated by Nasdaq stock market; Nasdaq chief executive Robert Greifeld says move will bring liquidity and transparency to market that has so far been opaque; adds 144a market will experience strong growth in trading volume; firms listed - Swedish Financial Supervisory Authority approves Nasdaq's suitability as potential owner for exchange operator OMX -
The deal for Borse Dubai to buy a 20 percent stake in Nasdaq seems unlikely to face the level of alarm that was seen in last year?s failed Dubai ports deal. - Wall Street approves potential takeover of commodities exchange operator Nymex, sending parent company's stock higher; executives of Nasdaq Stock Market and NYSE Euronext, which operates New York Stock Exchange, have stated interest in acquiring exchange to increase their trading of commodities and stock options -
Abandoning its effort to buy the London market will allow Nasdaq to focus on its bid for the Swedish exchange operator OMX, where it faces a challenge from the Borse Dubai. - Challenge to Nasdaq Stock Market's bid for OMX exchange of Sweden appears to be developing as representatives of Borse Dubai stock exchange, which bought stake in OMX last week, are in Sweden to meet with OMX officials; Borse Dubai bought 4.9 percent stake in OMX for 230 kronor ($34) per share, and it has entered option agreements to raise it stake in OMX to 27.4 percent at same price; Nasdaq bid 208.1 kronor ($30.90) per share, to be paid in cash and shares; graph - Securities and Exchange Commission approves plan to allow companies listed on New York Stock Exchange to retain their three-letter ticker symbols should they transfer to Nasdaq - Stubbornly high bond yields discouraged investors from extending Wall Street?s recovery from last week?s losses. - Nasdaq acquires OMX, operator of seven Nordic and Baltic exchanges, for 25.1 billion Swedish kronor ($3.7 billion); combined company, which will be called Nasdaq OMX Group, will be run by Nasdaq chief executive Robert Greifeld and will list more than 4,000 companies with combined market value of $5.5 trillion; takeover gives Nasdaq access to stock and derivatives trading in Europe and market for technology to run exchanges; OMX chief executive Magnus Bocker will become president of combined com... - The Dow Jones industrial average rose 103 points to another record. - A snapshot of the housing market unsettled investors, but the Dow Jones industrial average eked out a record close.