Atlantic Equities LLP, the London- based brokerage that provides research on U.S. stocks to European clients, is ending a foray into the greater New York- area market, its chief executive officer said.
Broadcom Corp. stands out as one of the biggest beneficiaries from orders from Apple Inc., whose need for parts that go into iPhones and iPads represents a bright spot for a semiconductor industry plagued by weak demand.
LDK Solar Co., a Chinese maker of solar wafers and panels, fell the most in six weeks in New York trading after cutting full-year forecasts for sales and margins. Kaufman Bros LP cut the stock to “sell.”
Stand-alone U.S. brokerages hurt by 2011’s trading slump may struggle to raise capital or obtain adequate loans unless markets improve, adding to closures that imperiled more than 200 Wall Street jobs last month.