Keith Wirtz News
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U.S. technology companies have pushed their dividends to the highest level on record, a signal to investors that profit growth in the industry is slowing.
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Knight Capital Group Inc., struggling to stay afloat after a trading error spurred a $440 million loss and caused some clients to trade elsewhere, told brokers it secured short-term financing to fund market making, a person with knowledge of the matter said.
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Knight Capital Group Inc. executives are focused on negotiating an outside investment that would restore the firm’s capital and preserve its independence, said two people with knowledge of the matter.
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U.S. stocks declined amid concern that a rally which gave the Standard & Poor’s 500 Index its biggest two-day gain in 2012 has outpaced the economic outlook.
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Knight Capital Group Inc., fighting for survival after a $440 million loss spurred by a software failure, worked to find an investor after people familiar with the matter said two potential suitors were no longer interested.
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Knight Capital Group Inc., fighting to stay in business after a $440 million loss spurred by a software failure, worked with its advisers to find a buyer or investor.
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Knight Capital Group Inc., fighting to stay afloat after a $440 million loss spurred by a software bug, scrambled with its advisers to find a buyer or investor.
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The new owners of the Dow Jones Industrial Average will face their first decision on how the 116-year-old gauge should be composed when Kraft Foods Inc. splits itself in two later this year.
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Keith Wirtz, chief investment officer at Fifth Third Asset Management, talks about investing in financial stocks, and moving out of defensive stocks such as utilities.
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For CME Group Inc. to improve the exchange industry’s worst profit outlook, the owner of the Chicago Mercantile Exchange needs only to look across the street to CBOE Holdings Inc., home of the biggest U.S. options market.
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