New York Stock Exchange

Reddit Begins Trading On New York Stock Exchange

Redditors Became Instant Millionaires As Company's Stock Soars 48% During Stock Exchange Debut

Reddit Inc. made a remarkable debut on the NYSE, surging 48%. Tens of thousands of Reddit users participated in the IPO through a directed-share program, resulting in immediate profits for some while others contemplated a long-term investment strategy.

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Reddit Sets IPO Price at $34 Per Share for $6.4 Billion Valuation Ahead of Its Public Debut on New York Stock Exchange

Reddit Sets IPO Price at $34 Per Share for $6.4 Billion Valuation Ahead of Its Public Debut on New York Stock Exchange

Reddit has set the price of its shares at the top of its targeted range, valuing the popular social media platform at $6.4 billion as it proceeds with its initial public offering (IPO).

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Valspar Stock Soars While Sherwin Williams’ Tumbles Following The Acquisition Deal

Sherwin Williams doesn’t claim to have vast track record in acquisition and possesses experience of getting blocked in deals by the antitrust authorities. Its recently announced acquisition deal has been questioned by the analysts centering accusations of over valuation. Following the announcement, Valspar stock has been witnessed to soar while that of Sherwin Williams to tumble during extended hours trading on Monday.

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World’s Largest Coal Miner Peabody’s Warning For Bankruptcy Doesn’t Indicate End of Coal Era

Series of bankruptcy decisions indicates the decaying market stake of coal industry and Peabody appears as the latest to file chapter 11 with the New York Stock Exchange. Many coal mining companies are still operating with profits. So warning of bankruptcy by the world’s largest private coal miner doesn’t indicate possible extinction of the coal industry.

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Gainers and losers of Wednesday, March 9, 2016 stock market

Shares of Blue Buffalo and Air Transport Service gained during the Wednesday trading session while shares of Yelp, Unisys Corp and Zagg Inc lost their shares in the stock market.

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Deutsche Borse in negotiation with London Stock Exchange for potential Merger

Deutsche Borse confirmed that it is in talks with London Stock Exchange regarding a potential merger. The parties remain hopeful that a possible merger transaction will take place.

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Lumber Liquidators' shares drop as CDC elevates cancer risk factor in laminate flooring products

Lumber Liquidators' shares dropped as a CDC health report elevated cancer risk factor in laminate flooring. The formaldehyde content increased the risk of cancer in certain flooring products.

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US Foods Files For Up To $100 Million IPO Under New York Stock Exchange

Sysco has initiated a process to acquire US Foods for $3.5 billion in 2013. The effort has been blocked by a federal judge under certain grounds. The debt burdened distribution giant has finally opted to go for IPO on Tuesday. Though size of the IPO hasn’t been mentioned clearly, but the Form S-1 suggests valuation of $100 million which may be revised later on.

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After Getting Dragged Down by Chinese Market, U.S. Stocks Bounce Back

U.S. stocks bounced back after being dragged down on Wednesday by volatility in China. Global market followed to regain, while oil price began to stabilize.

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NYSE shut down for nearly four hours by technical glitch

The New York Stock Exchange was forced to suspend trading for several hours on Wednesday in the biggest outage to hit a U.S. financial market in nearly two years, unnerving investors already rattled by the meltdown in Chinese stocks and the Greek debt crisis.

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Twitter cuts revenue forecast, shares slump

Twitter Inc (TWTR.N) posted quarterly revenue that missed Wall Street targets and cut its full-year revenue forecast due to weak demand for its new direct response advertising, sending its shares down as much as 24 percent on Tuesday.

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IBM sales fall for 12th quarter, currency weighs

International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives.

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Halliburton warns of weakness in North America, international operations

Halliburton Co (HAL.N) warned of headwinds in its international operations and pricing pressure for its oilfield services in North America, its largest market, as an extended slump in oil prices continues to force drillers to slash spending.

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AmEx profit beats estimates as U.S. card holders spend more

American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income.

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GE close to selling nearly all its real estate holdings - source

General Electric Co is nearing a deal to sell practically all of its $30 billion real estate assets to a consortium led by Blackstone Group and Wells Fargo & Co, according to a person familiar with the matter.

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