Bob Greifeld

2 Stories

Nasdaq: We Owe Industry Apology Over Facebook IPO

It's offering clients $40 million to cover losses

(Newser) - Nasdaq is offering $40 million in cash and rebates to its clients to make up for the glitches during the Facebook IPO, reports Reuters . One problem: Total claims by firms who lost money because of the technical snafus could reach $150 million to $200 million, say two senior finance execs.... 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 »

2 Stories