Monday's Financial Winners & Losers

Nasdaq Stock Market (NDAQ Quote) slid nearly 8% after the deadline passed for its final $5.2 billion offer to buy the London Stock Exchange outright. Shares were losing $2.88 to $34.32.

Asta Funding (ASFI Quote) was surging more than 9% after the asset-management firm said it will purchase a $6.9 billion portfolio, composed mainly of credit card accounts, for $300 million from Great Seneca Financial. The Englewood Cliffs, N.J., company also said its fiscal first-quarter profits climbed 21.6% to $11.3 million, or 77 cents a share, on revenue that rose 26.6% to $25.6 million. Shares were up $2.88 to $33.21.

Municipal Mortgage & Equity (MMA Quote) recouped most of last week's heavy losses after the Baltimore-based company said it doesn't deal in "subprime or any other single-family mortgage lending activity." Last week a number of subprime mortgage lenders suffered after discouraging bad-debt trends came to light. Shares were rising $2.60, or 9.8%, to $29.21. ...