Tag Archives: rebates
Knight nears compromise in Nasdaq-Facebook repayment plan-source
NEW YORK (Reuters) – Knight Capital Group is closer to accepting Nasdaq OMX Group's repayment plan for firms that lost money due to Facebook's bungled initial public offering, but still has some concerns, a source familiar with the company's thinking said on Tuesday. Nasdaq on Friday boosted the amount of its payback fund to $62 million in cash from an earlier $40 million proposal made up mostly of trading rebates. It also said it would reimburse a broader range of investor losses. Continue reading
Nasdaq says filing $62 million Facebook compensation plan
WASHINGTON (Reuters) – Nasdaq OMX Group Inc said on Friday it will file a $62 million compensation plan for firms that lost money in the bungled Facebook Inc initial public offering in May. The fund is $22 million larger than the original fund proposed in June, Nasdaq said. All accommodations will be paid in cash, a departure from the prior plan in which Nasdaq would have partially compensated firms through trading credits or rebates. Continue reading
Nasdaq boosts Facebook compensation plan to $62 mln
WASHINGTON/NEW YORK (Reuters) – Nasdaq OMX Group Inc plans to pay out $62 million in cash to firms that lost money in the bungled Facebook Inc initial public offering in May, modifying an earlier plan that drew intense criticism from market makers and other exchanges. The fund, which Nasdaq said on Friday it would file with regulators, is $22 million larger than originally proposed in June. All accommodations will be paid in cash, a departure from the prior plan in which Nasdaq would have mostly compensated firms through trading credits or rebates Continue reading
Nasdaq boosts Facebook compensation plan to $62 million
WASHINGTON/NEW YORK (Reuters) – Nasdaq OMX Group Inc plans to pay out $62 million in cash to firms that lost money in the bungled Facebook Inc initial public offering in May, modifying an earlier plan that drew intense criticism from market makers and other exchanges. The fund, which Nasdaq said on Friday it would file with regulators, is $22 million larger than originally proposed in June. All accommodations will be paid in cash, a departure from the prior plan in which Nasdaq would have mostly compensated firms through trading credits or rebates Continue reading
Nasdaq’s $40 million offer for Facebook losses draws criticism
(Reuters) – Nasdaq OMX Group Inc said it will offer $40 million in cash and rebates to clients harmed by its mishandling of Facebook Inc's market debut. Continue reading
Americans to get $1.3 billion in health care rebates
Millions of consumers and small businesses will receive $1.3 billion in rebates from their health plans under a provision of the health care law that limits what insurers can charge for administration and profits. Continue reading
