Nasdaq will compensate firms for qualifying claims related to Facebook's botched May 2012 initial public offering, the group says.
U.S. stocks rose Thursday, putting the Dow on track for a sixth straight day of gains, although trading was expected to be light.
A Wall Street regulator caps the amount makers can recover after suffering losses from Nasdaq's botched handling of Facebook's IPO at $41.6 million.
All trading on Nasdaq, the second-biggest U.S. stock exchange, was halted Thursday after a technical problem. But the reopening of trading went relatively well.
The SEC has approved a Nasdaq proposal to create a $62 million fund to compensate those who lost money due to trading errors during Facebook's IPO. But who will benefit?
Stock futures are heading higher after the biggest sell-off this year, with strong economic data coming out of Europe and the U.S. service industry expected to show further...
A number of major U.S. companies postponed quarterly earnings reports Monday as Hurricane Sandy bore down on the East Coast and financial markets were closed: Among the...