Nyse, Nasdaq | featured news

Viacom said it is voluntarily transferring its stock-exchange listing to the Nasdaq Global Market, from the New York Stock Exchange, as Nasdaq successfully lured away one of the biggest media companies from the Big Board.

Nasdaq OMX has stepped up its opposition to the planned merger between NYSE Euronext and Deutsche Börse and said the deal would "irrevocably destroy" competition in Europe's listed-derivatives markets, just as the European Commission nears a decision on the tie-up.

Main stock exchanges Nasdaq, NYSE and BATS expect to open trading on Monday as usual despite Hurricane Irene, although a final decision, especially on opening the Big Board floor, is yet to come.

Nasdaq and IntercontinentalExchange are withdrawing their proposed $11 billion bid for the parent of the New York Stock Exchange after recognizing they would not receive regulatory approval for the transaction.

Nasdaq OMX and IntercontinentalExchange said they will take their bid for NYSE Euronext directly to shareholders after being rebuffed twice by the exchange.

The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3-billion bid from Nasdaq and IntercontinentalExchange to buy the company.

Nasdaq OMX Group Inc.'s potential hostile bid for NYSE Euronext would face substantial antitrust questions in the U.S., where it would merge two direct competitors and create a monopoly in the market for corporate listings, according to antitrust lawyers.