First credit default swap transaction cleared on 30 July/ Eurex Credit Clear major step to improve market safety and integrity for OTC derivatives
Eurex Clearing, Europe’s largest central counterparty (CCP), announced today that Eurex Credit Clear, the European OTC clearing solution for Credit Default Swaps (CDS), successfully cleared the first transaction on 30 July. Eurex Credit [...]

The Spain Fund, Inc. (the “Fund” – NYSE: SNF) announced today that the Fund’s Board of Directors (the “Board”) has approved a change to the Fund’s investment objective and certain investment policies. Most significantly, the Board approved a broadening of the Fund’s investment universe to include companies located in Spain and Portugal and in the [...]

* Multiple launches: Cimzia®/RA in the U.S., Vimpat®/epilepsy in the U.S. and in the EU, Neupro®/new patients Parkinson’s disease and Neupro®/RLS in the EU
* Total revenue decreased as expected by 6% to EUR 1.6 billion: net sales declined by 10% to EUR 1.4 billion as a consequence of generic competition to Keppra® in the U.S., [...]

OneChicago, the all-electronic exchange for trading Single Stock Futures (SFFs), announced today that on November 1, 2009 it will initiate its new market-data branding, OneData, as well as a revised data price schedule. OneData will be widely available at a reasonable price level, will eliminate the private user category, and reduce fees for websites, wallboards [...]

Charles Schwab has introduced a new Co-Sourced Stock Plan Administration offer for corporate stock plan administrators seeking to outsource specific functions to improve efficiency while maintaining control of their company’s stock plan administration.
The new offer enables stock plan administrators to shift the management of certain plan functions to Schwab, including core plan recordkeeping and reconciliation [...]

CWCapital LLC, a subsidiary of CW Financial Services and a full-service national lender to the multifamily and healthcare real estate industries, today announced that it has provided $130 million in financing for the refinance of Church Park, a 508-unit mixed-use building located at 221 Massachusetts Avenue in Boston’s Fine Arts and Culture District – an [...]

MFA Financial, Inc. (NYSE: MFA) announced today the pricing of an underwritten public offering of 50,000,000 shares of its common stock, at a price to the public of $7.05 per share, for gross proceeds of $ 352.5 million. MFA has granted the underwriters a 30-day option to purchase up to an additional 7,500,000 shares of [...]

Thoratec Corporation (Nasdaq: THOR), a world leader in device-based mechanical circulatory support therapies to save, support and restore failing hearts, and HeartWare International, Inc. (Nasdaq: HTWR; ASX: HIN), which develops and manufactures miniaturized implantable heart pumps, announced today that the United States Federal Trade Commission (“FTC”) has informed them that the FTC will file a [...]

Abu Dhabi’s Aabar Investments and Virgin Group today announced that they have agreed to enter a strategic partnership, which will see Aabar take an equity stake in the world’s first commercial spaceline – Virgin Galactic. To date, Virgin Galactic has been wholly owned and funded by Sir Richard Branson’s Virgin Group.
The deal, signed today at [...]

Traders’ Library announces a once-in-a-lifetime opportunity to watch, learn, and interact with some of the sharpest minds in the trading industry. The 2009 Chicago Options Trading Forum will give 25 traders from around the world the chance to hear from options trading experts Jim Bittman, Marty Kearney, and Peter Lusk of The Options Institute [...]