nyse

Rackspace Reaches All Time Highs on Solid Q4

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Rackspace Hosting Inc. powered to a lifetime high today as shares rose over 11% and continue to surge forward on last quarter’s earnings. According to Benchmark Capital: “Rackspace reported strong fourth-quarter results while indicating trends should drive similar performance in 2012. We raise our estimates to reflect sustained high growth and solid margins.” At least one brokerage upgraded the stock while three others raised their price targets on it and shares of the company jumped 11 percent to $54.80 in early trade on the New York Stock Exchange. They were later trading at $54.71. Analysts from other brokerage houses were quick … Read more

ETFs Are Going BATS … and Why You Should Care!

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Contributor Post By: Ron Rowland The ETF marketplace changed last month.  You didn’t notice?  Don’t worry, you’re not alone.  Today I’ll tell you all about it. You already know that “exchange traded funds” trade on an exchange.  That’s what distinguishes them from old-fashioned mutual funds.  But what exchange trades them, and where is it? For some new iShares, the answer isn’t New York or Chicago.  Their trading hub is Lenexa, Kansas.  Let me explain … Exchange Floors No Longer Needed For most people, the term “stock exchange” brings to mind images of noisy rooms filled with men in colorful jackets, … Read more

Deutsche Börse-NYSE Deal Moves Ahead

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BY ULRIKE DAUER FRANKFURT—German exchange operator Deutsche Börse AG Wednesday said more than 95% of shares had been tendered in favor of its planned tie-up with NYSE Euronext, removing a major potential obstacle to a deal that would create the world’s largest cash equities and derivatives-trading platform. The exchanges hope to complete the merger by the end of this year, but further hurdles remain. Regulatory approval in a number of jurisdictions is still required, and the European … Full article provided by the Wall Street Journal @: http://online.wsj.com/article/SB10001424053111903366504576485653685890450.html?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+%28WSJ.com%3A+What%27s+News+US%29