Drew Niv, Chief Executive Officer of FXCM Inc said, "FXCM delivered solid results in the second quarter. In particular, we are pleased with growing client equity to $839.0 million - up 97% from a year-ago and up 31% just from Dece
FXCM (NASDAQ:FXCM) reported Q2 EPS of $0.19, ahead of consensus estimates of $0.16 per share. Revenues for the quarter rose 9.2% year-over-year to $103.4 million, topping consensus estimates of $97.4 million.
IAC (NASDAQ:IAC) announced that Thomas J. McInerney, EVP, and COO intends to leave the company at some point in the coming months, after 12 years with IAC.
Bloomberg reported that the head of global research of Bank of America (NYSE:BAC), Jeffrey Rosenberg left to join Blackrock Inc., according to a person familiar with the move, who declined to be identified because the announcement
In a statement, the four appointees are Greg Reichow for powertrain operations; Peter Carlsson, supply chain; Ravi Simhambhatla, information technology; and John Hillegass, design and retail development.
Last month, Toyota agreed to pay Tesla about $100 million to supply battery packs and motors for use in Toyota's electric RAV4 SUV that goes out on sale in 2012.
Tesla Motors (NASDAQ:TSLA) hired four vice presidents as the car maker seeks to expand output, develop its Models S sedan model and aims to win a supply deal with Toyota (NYSE:TM).
The action brought strong disagreement, as regional Fed presidents Richard Fisher, Narayana Kocherlakota and Charles Plosser objected to the new terminology.
Federal Reserve Chairman Ben Bernanke led seven voters in favor of the decision, which came as the central bank said it expects a slower pace of recovery than what it anticipated during the last meeting in late June.
The Fed also indicate
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On Tuesday the Federal Reserve put more clarity on what it means to hold interest rates low for an "extended period" of time, saying for the first time that it means "at least through mid-2013."
On the call side, General Dynamics (NYSE:GD) calls are trading over 15 times their average volume after the company secured a new contract with the U.S. Navy. OfficeMax (NYSE:OMX) calls are also very active today, trading over 13
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...