Nasdaq Omx Group

NEW YORK — Nasdaq OMX Group Inc.'s proposed $40-million fund to repay brokerages that lost money during the botched Facebook IPO may not be all the exchange operator winds up paying for the debacle. The exchange came under attack shortly after it announced a plan to use cash and credits to assuage investors angry over the social networking giant's fumbled debut May 18. The initial public offering was delayed for two hours and was followed by widespread confusion over whether trades had gotten through.

NEW YORK - The legal fallout from Facebook Inc.'s botched initial public offering last year isn't over, although regulators approved the $62-million plan by Nasdaq OMX Group Inc. to repay brokerages that lost money in the debacle. The U.S. Securities and Exchange Commission's approval Monday does not stop the government or other parties from taking further legal action against Nasdaq for losses suffered in the Facebook IPO fiasco in May. Swiss banking giant UBS, for one, tallied its losses at $357 million and wants more money back than the settlement could offer.

NEW YORK - The legal fallout from Facebook Inc.'s botched initial public offering last year isn't over, although regulators approved the $62-million plan by Nasdaq OMX Group Inc. to repay brokerages that lost money in the debacle. The U.S. Securities and Exchange Commission's approval Monday does not stop the government or other parties from taking further legal action against Nasdaq for losses suffered in the Facebook IPO fiasco in May. Swiss banking giant UBS, for one, tallied its losses at $357 million and wants more money back than the settlement could offer.

Stock and options exchanges are losing $1 million in transaction fees each day they are closed because of Hurricane Sandy , according to an industry analyst's estimate. Richard Repetto, a principal at Sandler O'Neill, said the giant storm would likely cost NYSE Euronext, Nasdaq OMX Group and the Chicago Board Options Exchange $1 million in net trading revenues each day they are closed. But the closures of the exchanges Monday and Tuesday would likely cost a loss of a penny or less of earnings-per-share for the public companies that operate the exchanges, Repetto said in a note.

Stock and options exchanges are losing $1 million in transaction fees each day they are closed because of Hurricane Sandy , according to an industry analyst's estimate. Richard Repetto, a principal at Sandler O'Neill, said the giant storm would likely cost NYSE Euronext, Nasdaq OMX Group and the Chicago Board Options Exchange $1 million in net trading revenues each day they are closed. But the closures of the exchanges Monday and Tuesday would likely cost a loss of a penny or less of earnings-per-share for the public companies that operate the exchanges, Repetto said in a note.

Viacom Inc., the owner of MTV Networks and Paramount studios, said it would transfer its stock listing to Nasdaq from the New York Stock Exchange to save on expenses. Its Class B shares will trade under ticker symbol VIAB and its Class A voting shares will trade under VIA, the company said Friday. A listing at Nasdaq, owned by Nasdaq OMX Group Inc., will be "more cost effective," Viacom said. Viacom, based in New York, reported fourth-quarter profit Thursday that exceeded analysts' estimates and added $6 billion for stock buybacks.

The U.S. securities regulator is considering a plan that would improve a 23-year-old circuit breaker that did not trip during last year's "flash crash" to make it more sensitive to extreme market moves. Exchanges pitched a long-awaited plan that would lower percentage thresholds for halting stock trading, shorten the halts and change the reference index to the broader Standard & Poor's 500 from the current Dow Jones industrial average, the U.S. Securities and Exchange Commission said on Tuesday.

Nasdaq's late-night announcement to adjust weightings in the benchmark Nasdaq 100 index spurred volatility in Apple Inc. shares and surprised U.S. fund managers, who questioned the timing of the news. Apple will be the most affected by the move, with its weighting slashed nearly in half, though it will remain the largest component of the index. As word spread of the changes, Apple shares dipped in premarket trading, before recovering during regular U.S. trading hours. The rebalancing is not unusual, but Nasdaq OMX Group Inc., operator of the Nasdaq stock market, announced it at around 3 a.m. Tuesday, making early trading more unpredictable.

The New York Stock Exchange and Nasdaq are battling it out far from home - at Facebook Inc.'s Silicon Valley headquarters - to see which market will snag the hottest stock listing in years. As the social-networking giant prepares for a blockbuster initial public offering expected this spring, a guessing game has emerged over where it will call home. The Nasdaq has lured many other technology companies, while the Big Board has pushed hard in recent years for more tech offerings.

A quiet day on Wall Street left stock indexes little changed after minutes from the most recent meeting of the Federal Reserve's policy committee showed few signs that the central bank plans on making changes to its stimulus program. Trading volume continued to be light. The minutes, from the Fed's meeting on March 15, confirmed that members of the central bank are split about whether it needs to tighten credit later this year to ward off inflation. All of the committee's members agreed that the economy is improving.

NEW YORK — Facebook Inc.'s botched IPO has claimed its biggest Wall Street casualty so far: Swiss banking giant UBS. The Nasdaq Stock Market has been roundly criticized for its handling of the social network's May 18 initial public offering of stock. UBS said it lost $357 million when it bought more shares than it intended because of Nasdaq's trading glitches. UBS criticized Nasdaq's "gross mishandling" of Facebook's IPO — the largest ever for a U.S. technology company — and vowed to take legal action to recoup the "full extent of our losses," the bank said in a strongly worded statement.

NEW YORK — Nasdaq OMX Group Inc.'s proposed $40-million fund to repay brokerages that lost money during the botched Facebook IPO may not be all the exchange operator winds up paying for the debacle. The exchange came under attack shortly after it announced a plan to use cash and credits to assuage investors angry over the social networking giant's fumbled debut May 18. The initial public offering was delayed for two hours and was followed by widespread confusion over whether trades had gotten through.

The New York Stock Exchange and Nasdaq are battling it out far from home - at Facebook Inc.'s Silicon Valley headquarters - to see which market will snag the hottest stock listing in years. As the social-networking giant prepares for a blockbuster initial public offering expected this spring, a guessing game has emerged over where it will call home. The Nasdaq has lured many other technology companies, while the Big Board has pushed hard in recent years for more tech offerings.

Viacom Inc., the owner of MTV Networks and Paramount studios, said it would transfer its stock listing to Nasdaq from the New York Stock Exchange to save on expenses. Its Class B shares will trade under ticker symbol VIAB and its Class A voting shares will trade under VIA, the company said Friday. A listing at Nasdaq, owned by Nasdaq OMX Group Inc., will be "more cost effective," Viacom said. Viacom, based in New York, reported fourth-quarter profit Thursday that exceeded analysts' estimates and added $6 billion for stock buybacks.

The U.S. securities regulator is considering a plan that would improve a 23-year-old circuit breaker that did not trip during last year's "flash crash" to make it more sensitive to extreme market moves. Exchanges pitched a long-awaited plan that would lower percentage thresholds for halting stock trading, shorten the halts and change the reference index to the broader Standard & Poor's 500 from the current Dow Jones industrial average, the U.S. Securities and Exchange Commission said on Tuesday.

A quiet day on Wall Street left stock indexes little changed after minutes from the most recent meeting of the Federal Reserve's policy committee showed few signs that the central bank plans on making changes to its stimulus program. Trading volume continued to be light. The minutes, from the Fed's meeting on March 15, confirmed that members of the central bank are split about whether it needs to tighten credit later this year to ward off inflation. All of the committee's members agreed that the economy is improving.

NEW YORK — Facebook Inc.'s botched IPO has claimed its biggest Wall Street casualty so far: Swiss banking giant UBS. The Nasdaq Stock Market has been roundly criticized for its handling of the social network's May 18 initial public offering of stock. UBS said it lost $357 million when it bought more shares than it intended because of Nasdaq's trading glitches. UBS criticized Nasdaq's "gross mishandling" of Facebook's IPO — the largest ever for a U.S. technology company — and vowed to take legal action to recoup the "full extent of our losses," the bank said in a strongly worded statement.

Nasdaq's parent company has put together an $11-billion bid for the owner of the New York Stock Exchange, trying to break up a pending sale of the Big Board to Germany's leading stock market. Nasdaq OMX Group Inc. reportedly had been trying to put together an offer for NYSE Euronext since mid-February, when NYSE agreed to be acquired by Deutsche Boerse. In the offer disclosed Friday, Nasdaq teamed up with Atlanta-based IntercontinentalExchange Inc., known as ICE, a leading operator of exchanges that trade derivatives.

Nasdaq's late-night announcement to adjust weightings in the benchmark Nasdaq 100 index spurred volatility in Apple Inc. shares and surprised U.S. fund managers, who questioned the timing of the news. Apple will be the most affected by the move, with its weighting slashed nearly in half, though it will remain the largest component of the index. As word spread of the changes, Apple shares dipped in premarket trading, before recovering during regular U.S. trading hours. The rebalancing is not unusual, but Nasdaq OMX Group Inc., operator of the Nasdaq stock market, announced it at around 3 a.m. Tuesday, making early trading more unpredictable.

Nasdaq's parent company has put together an $11-billion bid for the owner of the New York Stock Exchange, trying to break up a pending sale of the Big Board to Germany's leading stock market. Nasdaq OMX Group Inc. reportedly had been trying to put together an offer for NYSE Euronext since mid-February, when NYSE agreed to be acquired by Deutsche Boerse. In the offer disclosed Friday, Nasdaq teamed up with Atlanta-based IntercontinentalExchange Inc., known as ICE, a leading operator of exchanges that trade derivatives.