AP - Wall Street ended an erratic day with a modest gain after the Federal Reserve left interest rates unchanged and issued a mixed assessment of the economy.
Reuters - The Senate Banking Committee on
Wednesday approved three candidates to fill spots on the U.S.
Securities and Exchange Commission, clearing the way for a vote
by the full Senate. -- read full article
Reuters - The London Stock Exchange plans
to set up a pan-European, off-bourse trading platform with
Lehman Brothers , the groups said, to fend off start-up
rivals hurting LSE's business.
Reuters - Qatar, which on Tuesday agreed to sell 25
percent of its stock market to NYSE Euronext , is in
talks with London and German stock exchanges about new
partnerships, the Gulf state's sovereign wealth fund said. -- read full article
AFP - Europe's main stock markets rose on Wednesday with the focus on the banking sector after Barclays convinced Asian and Middle Eastern investors to snap up new shares being offered by the British lender.
Reuters - The state's highest court on Wednesday
sided with former New York Stock Exchange chief Richard Grasso
in his efforts to throw out key parts of a lawsuit seeking the
return of more than $100 million of his pay.
AP - New York's top court backed a lower court in throwing out four of the state's six claims against former New York Stock Exchange Chairman Richard Grasso's $187.5 million compensation package, saying the attorney general at the time had exceeded his authority. -- read full article
Reuters - The Toronto Stock Exchange's main index
turned positive on Wednesday afternoon as strong financials
overshadowed falling resource shares shortly after the U.S.
Federal Reserve held interest rates steady, as expected.
Reuters - Securities regulators proposed
weaning investors and Wall Street institutions from
over-reliance on credit ratings, part of changes to the rating
industry prompted by the subprime mortgage crisis. -- read full article
Reuters - Stocks fell on Tuesday, on concerns
about the economy after a report showed consumer confidence hit
a 16-year low and as a profit warning from United Parcel
Service stoked fears about corporate results.
AP - NYSE Euronext Inc. said Tuesday it will pay $250 million for a 25 percent stake in Qatar's Doha stock market, as the operator of the New York Stock Exchange moves to build a financial hub in the Middle East. -- read full article
Reuters - The Toronto Stock Exchange's main index
shed nearly 2 percent on Tuesday, dragged down by skidding
resource issues amid investor concerns over the long-term
prospects for oil demand.
AP - Wall Street ended an erratic session moderately lower Tuesday as concerns grew about the impact of high fuel costs on consumers and corporate profits. Treasury prices rose on the economic uncertainty.
