| Exchanges (at FT.com) How many US stock exchanges are there? Those guessing two, or even three or four, are way off. The answer is 10. By the end of this year it should be at least 13. The NYSE Euronext and Nasdaq OMX compete with upstart alternative platforms, brokerage networks and dark pools for market share - about a third of equities trading occurs off-exchange. us.rd.yahoo.com |
Commonwealth Bankshares, Inc., Norfolk, VA, Announces Fourth Quarter 2009 Earnings (GlobeNewswire) NORFOLK, Va. -- Commonwealth Bankshares, Inc. today reported net income for the quarter ended December 31, 2009 of $487.1 thousand, compared to $592.5 thousand reported for the quarter ended December 31, 2008. Diluted earnings per share equaled $0.07 for the quarter ended December 31, 2009 compared to earnings of $0.09 for the same period in 2008. For the year ended December 31, 2009, the Company reported a net loss of $25.8 million compared to the net loss of $3.7 million reported for the year ended December 31, 2008. On a per share basis, the diluted loss was $3.75 for the year ended December 31, 2009 compared to $0.54 for the same period in 2008. The decline in 2009 earnings included the effects of larger provisions to the allowance for loan losses, increased credit and collection costs, increased Federal Deposit Insurance Corporation assessments, the decrease in interest income due to nonperforming loans, and higher expenses related to foreclosed properties. us.rd.yahoo.com |
China MediaExpress added to Russell Global index (AP) China MediaExpress Holdings Inc. said Tuesday it has been added to the Russell Global Index. The company operates video ads on intercity and airport express buses in China. us.rd.yahoo.com |
Morgan Stanley shares jump 10% as revenues rise (at MarketWatch) Morgan Stanley bucks an industry trend and reports rising revenue across its business. us.rd.yahoo.com |
Financials In Focus As Banks Mull Volcker Rule Responses (Indie Research) According to CNBC, scrutinized investment bank Goldman Sachs is seriously considering a spinoff of some or all of its proprietary trading operations as soon as this month in compliance with the Volcker rule. us.rd.yahoo.com |