Market Sense

Nasdaq is at present involved in talks to acquire the Philadelphia Stock Exchange, the third-largest options exchange in the US by contracts traded, reported the Wall Street Journal recently. Though the two exchanges have been locked in...

Condo owners are feeling the heat due to mortgage crunch. A number of them are finding it difficult to pay off their condo fees. The subprime mortgage debacle is casting a bad effect on not just the condo owners but also the real estate as a whole....

Residential sector in the real estate market has started recovering slowly and the number of unsold houses has stopped shooting up. Houses which command rates of more than a million dollar are still suffering but this can be a good bargain for some....

Nasdaq will be revealing an index aimed at keeping a tab on the performance of Chinese companies whose securities are actively traded in U.S. The index will be unveiled in the second quarter of 2007 and around thirty companies with a combined...

The real estate market is already suffering and to add to its woes the subprime mortgage debacle is also expected to have a negative effect on the market. Around two dozen subprime lenders have shut their shops and others are struggling to stay in...

The United States has failed to comply with a ruling that it illegally restricts Internet gambling sites based overseas, the World Trade Organization ruled. The WTO ruling has fueled the speculations of possible commercial sanctions unless...

Blackstone Group has finally to some extent lifted the curtain on its secretive investment partnership. In its filing with the U.S. Securities and Exchange Commission for its public share offering revealed that it earned more than $6 billion over.

CBOT Holdings Inc., the parent of the Chicago Board of Trade, has ended its silence that it was maintaining since last week saying its board had authorized talks with InterContinental Exchange, the Atlanta-based company that made a surprise bid for.

Mobile phone service provider Hutchison Telecommunications (Australia) Ltd has revealed that it is planning to raise about A$2.85 billion ($2.26 billion) in equity to pay debt and speed up its efforts to increase profitability. The company seeks to...

Intercontinental Exchange Inc., which handles 45 percent of global oil futures trading, surprised financial markets by making an unsolicited $10 billion bid for the Chicago Board of Trade to prevent a $25 billion purchase by Chicago Mercantile...