'New' Cantor Fitzgerald now looks to compete

Article Abstract:

Having lost nearly a third of its worldwide staff in the September 11 terrorist attacks in 2001, Cantor Fitzgerald L.P. has nonetheless regained its footing in the bond-trading market and is in fact turning a profit. The company, whose offices were in the World Trade Center, has adjusted to the shift to a more technology-based method of client communication and is further addressing market challenges through its electronic trading company eSpeed Inc.

United States, General services, Management dynamics, Computer and Data Processing Services, Executive changes & profiles, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Management, Officials and employees, Finance, Computer services industry, Information technology services industry, Company systems management, Information management, Company business management, Company financing, Casualties, Cantor Fitzgerald L.P., World Trade Center and Pentagon Attacks, 2001, Subsidiaries, divisions and units, Lutnick, Howard, Espeed Inc.

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Behind Nasdaq's retreat on LSE: stake gave Greifeld no sale, no sway; focus now on OMX

Article Abstract:

Bob Greifeld, chief executive of Nasdaq Stock Market Inc., has announced plans for selling the firm's 31% stake in the UK's London Stock Exchange PLC, currently valued at approximately $1.58 bil. Nasdaq has been attempting to purchase the LSE for more than a year, but offers have been rebuffed by shareholders and management. Nasdaq has agreed to buy Swedish exchange operator OMX AB earlier this year.

Strategy & planning, Acquisitions & mergers, United Kingdom, Planning, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, Sweden, London Stock Exchange PLC, Company business planning, Nasdaq Stock Market Inc., NDAQ, OMX AB

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