London Stock Exchange

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Brit Terror Suspects Targeted US Embassy, Big Ben

Reconnaissance notes found among belongings of 9 men charged in ring

(Newser) - Suspected terrorists charged yesterday in a British court were targeting the US embassy in London—as well as the London Eye, Westminster Abbey, Big Ben and the London Stock Exchange—for a bomb attack in the days before Christmas, according to prosecutors. Reconnaissance notes for the sites and al-Qaeda propaganda... More »

Computer Crash Paralyzes London Trading

Dealers miss out on millions in stock market surge

(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... More »

Asia Stocks Hit 2-Year Low, Europe Tumbles

Banks lead losses as US housing market woes trouble world

(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 Socié... More »

Rogue Traders Bag $200M in Credit Hysteria

False emails drive down stock of UK mortgage lender

(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... More »

Dubai Buys Nasdaq, LSE Shares

Oil-rich emirate looks to diversify, picks up 20% of big indexes

(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... More »

Nasdaq Gives Up Bid to Control London Exchange

Will sell 31% stake

(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... More »

Nasdaq Options Philly Mart

Eyes exchanges options business

(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... More »

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