NASDAQ Market News

Shares of eBay (NASDAQ:EBAY) opened at 56.66 today, up 7.6% from yesterday’s close at 52.66, reaching a high of 59.20 before mid-morning, itself an increase of 12.4%. The stimulus for this surge was, clearly, the announcement that eBay and PayPal plan to split into independently publicly traded companies in 2015. The report says that the […]

Including Full Exercise of the Underwriters’ Option to Purchase Additional Notes TESARO, Inc. (Nasdaq:TSRO) announced today the closing of its previously announced underwritten public offering of $201.25 million aggregate principal amount of its 3.00% convertible senior notes due 2021, including the notes issued pursuant to the full exercise of the underwriters’ option to purchase...

Plans for branch consolidation announced Old Line Bancshares, Inc. (Nasdaq:OLBK), the parent company of Old Line Bank, today announced plans of the Bank to realign branch offices within its footprint, which includes the closing and consolidation of four branches. The branches to be closed are Crofton Centre, Lexington Park, Solomons and Waldorf Charles County Plaza. […]

Time to look back. The Azerbaijan International Operating Company (AIOC) operated by BP, has celebrated the 20th anniversary of the Azeri-Chirag-Gunashli (ACG) production sharing agreement, signed on 20 September 1994 between Azerbaijan and eleven international companies – but, on reflection, how does it add up? From the start, activity level on ACG has remained high. […]

Germany-based pharmaceutical giant Merck KGaA. (DE:MRK) announced this morning that it will be acquiring U.S.-based life sciences company Sigma -lrdrich NASDAQ:SIAL) for $17 billion, or $140 per share. Sigma-Aldrich had closed at $102.37 on Friday, 19 September, but pre-trading this morning on the heels of the announcement drove the shares to open at $137.28, an […]

We’ve talked about it for several weeks. Or should I say that everyone has talked about it for several weeks? The Alibaba (NYSE:BABA) IPO has finally taken place and its shares began trading just before noon in New York. The pre-IPO speculation is now over, the facts are in, and the post-IPO speculation has begun. […]

EGX, the Middle East’s Oldest Exchange Will Continue Operating the X-Stream Trading Engine The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have entered an agreement to extend the current contract for EGX till January 2020 to tap NASDAQ OMX’s X-stream trading technology, the most widely deployed exchange technology in the world. Under […]

Los Pollos Hermanos has new competition? Today, El Pollo Loco (Nasdaq:LOCO), the nation’s leading fire-grilled chicken restaurant chain, celebrated the grand opening of its newest restaurant located at Howe Ave and Hurley Way, in Sacramento. The festivities included remarks by elected officials, including representatives for Assembly Member Ken Cooley’s office and...

Will involve 1.2m tonnes of LNG BP and Tokyo Electric Power Company (TEPCO) has signed a sales and purchase agreement for liquefied natural gas (LNG). Under the agreement, TEPCO will purchase from BP up to 1.2 million tonnes of LNG per year (mtpa) for 17 years starting in 2017. BP will supply TEPCO with LNG […]

If someone asked that question 60 years ago, the most common answer might have been, “An apple a day keeps the doctor away.” Asked 40 years ago, one might have replied, “The Beatles record label? I love it!” Asked 30 years ago, the answer might have been, “Do you mean the company that is making […]