New York Stock Exchange
closed its merger with Euronext Wednesday; shares of the new company,
, were recently easing by $3.41, or 3.4%, to $97.59.
got a lift after its parent company, Apollo Management, was rumored to be
considering an initial public offering. Shares were gaining 37 cents, or 1.7%, to $22.30.
was higher Wednesday after Zacks rated the asset manager a buy in the "aggressive growth" category, calling it an "underfollowed growth story" with "quite encouraging" profits in its short history as a publicly traded company. Shares were up 61 cents, or 2%, to $31.28.
Marshall & Ilsley
gave back some of Tuesday's gains after AG Edwards cut its rating to hold from buy. The Milwaukee-based bank confirmed reports after the bell yesterday that it will spin off its Metavante unit, with private-equity firm Warburg Pincus taking a 25% stake in the new company for $625 million. Analysts with Fox-Pitt Kelton and Fitch Ratings both praised the split, but M&I shares were off $1.62, or 3.3%, at $48.21 in recent trading.
slipped after agreeing to buy Bermuda-based insurer
for about $320 million (162 million pounds). Shares of the New York-based asset manager were down 90 cents, or 3.1%, to $28.09.