Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

INTL FCStone Completes Purchase Of TRX Futures

5/1/2012 3:38 PM ET

INTL FCStone Inc. (INTL) said Tuesday that INTL Holding (UK) Limited, a wholly owned subsidiary in the United Kingdom, received approval from the United Kingdom's Financial Services Authority to acquire TRX Futures Ltd. from Neumann Gruppe GmbH and has closed on the purchase.

The deal was announced in December.

TRX Futures is a London-based brokerage and clearing firm for commercial coffee and cocoa customers, as well as energy and financial products.

Click here to receive FREE breaking news email alerts for INTL FCStone Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates. While buying interest was relatively subdued, stocks moved modestly higher over the course of the trading day on Tuesday. The strength on the day offset the weakness seen in the previous session, with the Dow and the S&P 500 reaching new record closing highs. The major averages gave back some ground in late-day trading but remained in positive territory.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.