With profit down, NYSE trims growth goals for tech business

11/6/2012 | Financial Times · Wall Street Journal, The

NYSE Euronext on Tuesday reported a 42% decrease in its third-quarter profit. As a result, the exchange sped up its pullback from foreign investments and lowered a key growth target for its technology-services line of business. "Although we've made a lot of headway, a large portion of our earnings remain linked to trading," which has been in decline, " NYSE CEO Duncan Niederauer said.

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Financial Times · Wall Street Journal, The

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