US rejects sale of Chicago exchange to Chinese-led group | Walmart reportedly wants stake in Indian e-commerce firm | Roche to pay $1.9B for rest of Flatiron Health
February 16, 2018
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US rejects sale of Chicago exchange to Chinese-led group
US rejects sale of Chicago exchange to Chinese-led group
(Scott Olson/Getty Images)
The Securities and Exchange Commission has voted against the sale of the Chicago Stock Exchange, which trades about 1% of US stocks each day, to a Chinese-led consortium. SEC staffers had recommended approval.
Bloomberg (free registration) (2/15),  Financial Times (tiered subscription model) (2/15) 
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Your Bottom Line
CLO ruling could help White House revise Dodd-Frank
Collateralized loan obligation funds won a significant legal battle when judges declared them exempt from a Dodd-Frank Act requirement that fund managers retain some of the risk. The case could give the White House momentum in revising Dodd-Frank.
Reuters (2/15) 
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In the C-Suite
Why IBM is suing its former diversity chief
Why IBM is suing its former diversity chief
(Mark Renders/Getty Images)
IBM is suing former Chief Diversity Officer Lindsay-Rae McIntyre for allegedly violating a noncompete agreement by taking the same job at Microsoft. IBM argues McIntyre is taking "trade secrets" to Microsoft, saying she has vast knowledge of IBM's diversity and inclusion practices.
Quartz (2/14) 
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On the Move
Off the Charts
Skier gets lost in N.Y., winds up in Calif.
A 49-year-old skier disappeared last week from a New York mountainside, only to turn up six days later in California. Constantinos "Danny" Filippidis, found in Sacramento still wearing ski gear, says he has no recollection of what happened during those six days.
The Press Democrat (Santa Rosa, Calif.)/The Associated Press (2/14) 
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As the days of low inflation, low rates and low volatility are coming to an end, investors are realizing that the [Federal Reserve] party is over.
Gene Neavin, money manager at Federated Investors, as quoted by Bloomberg
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