Van der Moolen Holdings
plunged 7% after announcing disappointing third-quarter earnings. The Dutch-based specialist trading firm swung to a third-quarter loss of 35.3 million euro, or $45.4 million. That's equal to a $1-a-share loss. Van der Moolen says the loss is mainly due to an impairment charge related to its
New York Stock Exchange
specialist business. The company also said it expects lower future revenue from its U.S. operation. Shares closed down 42 cents to $5.72.
rose a robust 9% in another solid day for stocks of publicly traded exchanges. The ICE is a fast-growing market for the trading of energy futures contracts. The stock likely got a lift from the upcoming IPO for the New York Mercantile Exchange, one of ICE's main rivals. The Nymex IPO is expected to be well-received and should give a lift to other exchange stocks. Shares of the ICE closed at $96.55, up $8.05.
rose after the New York-based property and casualty insuer says it will buy Preserver Group in a deal valued at about $68 million. Tower expects the acquisition of the small insurer to help its earnings in the future. The company says it expects to earn between $2.40 and $2.50 a share in 2007. Shares closed up $1.76, or 5.6%, to $33.31.
SI Financial Group
slipped after it reported a decline in third-quarter earnings. The Willimantic, Conn.-based bank earned $557,000, or 5 cents a share, compared with $812,000, or 7 cents a share, a year ago. Shares closed down 36 cents, or 3%, to $11.76.
One Liberty Properties
fell on a downgrade by an analyst at Ferris Baker Watts to neutral from buy. Shares closed down 19 cents to $24.33.