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CME Group Announces 5-for-1 Stock Split
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Description
FBN's Sandra Smith breaks down business headlines.
- Duration 1:37
- Date May 25, 2012
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Transcript
This transcript is automatically generated
War.
All right let's go up to the news -- -- -- -- dismissals who's taking a look at some hello business headlines this morning Sandra.
I -- actually for Wall Street investment firms involved in the FaceBook IPO will likely see losses totaling more than 100 million dollars.
They capitals says it lost thirty million dollars while Citadel security says it lost 35 million.
Reuters is reporting that UBS and cities automated trading -- are also a claiming they got hit on the deal due to technical glitches in the stock's debut.
At the NASDAQ the losses announced so far have easily exceeded the thirteen million dollar fund.
The exchange set up to deal with potential claims all four firms say they are still dealing with thousands of problems with customer orders.
Shares of seem eager got a nearly 2% pop in after hours trading -- stock split announcements.
Exchange operator declared a five for one split of its common stock as it looks to attract new investors to move came after shareholders complained.
At the -- -- -- on Wednesday about a drop in its share price which has fallen amid concerns about lackluster trading volume and regulatory uncertainty.
That stock is down more than 10% from a year ago.
Former Red Sox pitcher Curt Schilling reportedly is closing his struggling -- video game company 38 studios which received a 75 million dollar loan guarantee.
To move to Rhode Island two years ago has lead off its entire staff.
That's according to an email obtained by the Associated Press.
38 studios has more than two weeks late this month -- one point one million dollar payment to the state Rhode Island officials say the company.
Wasn't able to make it's payroll.
They internationally -- -- thank you so.
