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October 6, 2008 8:57:19 PM CDT

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Stories related to: London Stock Exchange

Stories

6 Stories

  • September 2008

    • Computer Crash Paralyzes London Trading

      Times (UK)  |  Sep 9, 08 1:55 AM CDT

      Computer Crash Paralyzes London Trading

      (Newser) - A catastrophic computer crash shut out dismayed London traders from the market yesterday as stocks soared around the world in the wake of the US bailout of Freddie Mac and Fannie Mae, the Times of London reports. The seven-hour systems failure at the London Stock Exchange is estimated to have cost traders millions of dollars on what would have been one of the most profitable trading days of the year. More »

      Tags

      stock market  • London  • financial markets  • FTSE  • London Stock Exchange  • trading  • computer glitches

  • August 2008

    • Asia Stocks Hit 2-Year Low, Europe Tumbles

      Reuters  |  Aug 19, 08 5:11 AM CDT

      Asia Stocks Hit 2-Year Low, Europe Tumbles

      (Newser) - Asian stocks hit a two-year low today and European markets opened lower amid fears that the US will be forced to bail out Fannie Mae and Freddie Mac. In Tokyo the Nikkei tumbled 2.3%, leading declines across the region. Stocks of big European banks such as Barclays and Société Générale were sliding. More »

      Tags

      US dollar  • Asian markets  • Nikkei  • London Stock Exchange

  • March 2008

    • Rogue Traders Bag $200M in Credit Hysteria

      Daily Telegraph (UK)  |  Mar 20, 08 7:46 AM CDT

      Rogue Traders Bag $200M in Credit Hysteria

      (Newser) - The UK's financial regulator is probing whether malicious traders attacked the share price of the country's largest mortgage lender yesterday by spreading rumors it faced a major liquidity crisis. The Telegraph reports that HBOS saw its shares plunge 20% as an email circulated suggesting the firm was facing trouble. The hunt is on for at least one rogue trader who shorted HBOS and made $200 million. More »

      Tags

      Great Britain  • credit crisis  • Northern Rock  • Bank of England  • HBOS  • London Stock Exchange

  • September 2007

    • Dubai Buys Nasdaq, LSE Shares

      Bloomberg  |  Sep 20, 07 8:01 AM CDT

      Dubai Buys Nasdaq, LSE Shares

      (Newser) - Dubai will buy substantial stakes in two stock markets in an attempt to diversify its holdings beyond petroleum, Bloomberg reports. Borse Dubai, the emirate's investing arm, will acquire almost 20% of the Nasdaq and 28% of the London Stock Exchange. The Nasdaq purchase includes a deal for a Norwegian exchange as well and gives Nasdaq its first foothold in Europe. More »

      Tags

      Nasdaq  • stocks  • Dubai  • London Stock Exchange  • OMX

  • August 2007

    • Nasdaq Gives Up Bid to Control London Exchange

      Wall Street Journal  |  Aug 21, 07 12:08 AM CDT

      Nasdaq Gives Up Bid to Control London Exchange

      (Newser) - Nasdaq is giving up its bid to buy control of the London Stock Exchange and will sell its $1.58 billion stake in the blue-chip listing venue, reports the Wall Street Journal . Owning almost a third of the shares in the London exchange gave Nasdaq little control over operations, and efforts to buy a bigger stake were rebuffed by London management and shareholders. More »

      Tags

      stock market  • Nasdaq  • European markets  • London Stock Exchange  • OMX

  • April 2007

    • Nasdaq Options Philly Mart

      Wall Street Journal  |  Apr 11, 07 3:59 PM CDT

      Nasdaq Options Philly Mart

      (Newser) - The tech-heavy Nasdaq exchange is looking to expand into the options-trading market, and it's in talks with the Philadelphia Stock Exchange about a possible merger. Nasdaq's bid to buy the third-largest options trading exchange, valued at up to $300 million, comes as a number of bigger exchanges are on the hunt  for smaller aquisitions, reports the Wall Street Journal. More »

      Tags

      stock market  • London  • business  • stocks  • merger  • finance  • Philadelphia  • NASDAQ  • London Stock Exchange

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