NEW YORK --
Nasdaq OMX Group
agreed to buy
for $750 million in cash.
eSpeed is an electronic service for trading U.S Treasury notes and bonds. The acquisition allows Nasdaq to expand into other investment fields.
The acquisition is expected to be completed in the middle of 2013.
launched a specialty finance company to invest in risky credit products.
Goldman has registered the fund as a "business development company" -- a type of investment vehicle that has grown in popularity over the past decade, and which allows Goldman to avoid certain regulations, according to
The Wall Street Journal
patent for its Pulmicort Respules asthma treatment has been ruled invalid by a U.S. court.
The ruling allows
to launch a generic version of the drug; Actavis said it would do so immediately.
U.S. automakers, including
, are scheduled Tuesday to release auto sales for March.
U.S. car and truck sales are expected to hit their highest level in nearly six years in March, according to analysts surveyed by
is expected by analysts on Tuesday to post fiscal first-quarter earnings of 56 cents a share on revenue of $922.7 million.
G-III Apparel Group
is expected by Wall Street to post fourth-quarter profit of 40 cents a share on sales of $360.2 million.
-- Written by Joseph Woelfel
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