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CME Group, Dow Jones form joint venture

February 11th, 2010

Before You Invest

(Crain’s) — CME Group Inc. announced Wednesday that it was forming a joint venture with Dow Jones & Co. to create a global financial index services business.

The announcement came after a week of speculation that a deal, specifically one in which CME would acquire Dow Jones’ index business, was in the works.

The Chicago-based futures and options exchange has apparently been eyeing some kind of deal with Dow Jones for months.

CME Group would own 90% of the joint venture, which will be called CME Group Index Services.

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Posted in Finance Fraud

Tags: Business Information Products, Cme, Data Offerings, Dow Industrials, Dow Jones, Dow Jones Index, Dow Jones Industrial, Dow Jones Industrial Average, Equity Index, Executive Chairman, Financial Index, Futures And Options, Growth Opportunities, Index Business, Index Services, Options Contracts, Options Exchange, Proprietary Product, Regulatory Approval, Revenue Streams

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CME profit dips 20%, still beats Street

October 29th, 2009

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(Reuters) — CME Group Inc.

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Posted in Finance Fraud

Tags: Commodity Market, Core Business, Cost Cutting, Daily Volume, Derivatives, Dips, Duffy, Energy Contracts, Exchange Operator, Executive Chairman, Financial Crisis, Foreign Exchange, Market Position, Organic Growth, Quarterly Profit, Regulators, Reuters, Slump, Thursday Morning, Transaction Fees

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CME’s Nymex buy helped it beat Q2 forecasts

July 23rd, 2009

Before You Invest

CME Group Inc.’s second-quarter profit jumped 10%, beating analyst expectations, as the company cut expenses and boosted per-contract trading fees.

The exchange operator’s second-quarter results include operations at the New York Mercantile Exchange, which were not included in the year-earlier figures. CME Group acquired Nymex during the third quarter of 2008.

Net income for the quarter ended June 30 rose to $222 million from $201 million a year earlier.

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Posted in Finance Fraud

Tags: Agricultural Markets, Analyst Expectations, Cme, Contract Fees, Current Energy, Earnings Per Share, Exchange Operator, Exchange Volume, Executive Chairman, Fee Discounts, Forecast Earnings, Group Executive, Interco, New York Mercantile, New York Mercantile Exchange, Nymex, Quarter Ended June, Quarter Profit, Quarterly Results, York Mercantile Exchange

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Police raided the headquarters of Anglo Irish Bank in Dublin yesterday morning

February 25th, 2009

Before You Invest

Countdown to raid on Anglo:May 2007 Anglo Irish Bank’s shares peak at more than €17 each
July 2008 A so-called “golden circle” of ten investors secretly buys a 10 per cent stake in the bank
September 30 Government unveils a €400 billion guarantee scheme for six banks, including Anglo Irish
December 18 Sean FitzPatrick, the chairman, resigns and admits he hid more than €80 million in secret loans from shareholders
Decemeber 19 David Drumm, the chief executive, resigns
December 21 Government recapitalises Anglo with €1.5 billion
December 29 Shares plummet to 12 cents
January 15, 2009 The Government is forced to nationalise Anglo
January 16 Shareholders call for the board to be sacked
January 19 Five board members resign
February 10 Irish Life & Permanent’s €7 billion deposit to boost Anglo’s balance sheet is revealed
February 20 Donal O’Connor, the new executive chairman, reveals that it gave loans worth €451 million to ten customers last year to buy shares in the bank.

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