ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NDAQ Stock Price » NDAQ Stock News

Nasdaq Stock Market Share News

 The Nasdaq Omx Grp. (mm) Stock Price
NDAQ Stock Price
 The Nasdaq Omx Grp. (mm) Stock Chart
NDAQ Stock Chart
 The Nasdaq Omx Grp. (mm) Stock News
NDAQ Stock News
 The Nasdaq Omx Grp. (mm) Company Information
NDAQ Company Information
 The Nasdaq Omx Grp. (mm) Stock Trades
NDAQ Stock Trades

Kraft Foods Will Transfer its Exchange Listing to Nasdaq

By Kristin Jones Kraft Foods Inc. (KFT) plans to switch its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, the latest salvo in the heated battle for prominent stock listings. Kraft previously said it plans to split into two companies by year's end, when it will create a global snacks company called Mondelez International Inc. and another business, called Kraft Foods Group Inc., which will focus on North American grocery products. Both companies will trade on the Nasdaq exchange. Mondelez will trade under the symbol MDLZ, and Kraft Foods will trade under KRFT. The symbol KFT will be retired at that time. Until the spin-off, the name and trading symbol will remain Kraft Foods Inc. and KFT, respectively. Kraft shares rose 8 cents to $38.23. The move comes as both stock exchanges have battled for years to bring in, or poach, listings by offering promotions and other incentives. The transfer provides the tech-heavy Nasdaq with a high-profile consumer-products company. It also highlights how transfer-minded companies are taking advantage of Nasdaq incentives with a close eye on the bottom lines. Kraft noted that transfering to the exchange, part of Nasdaq OMX Group Inc. (NDAQ), is cost-effective. The company recently reported that its first-quarter earnings rose 1.8% on broad-based sales growth, including in Europe. Nasdaq suffered reputational damage recently after Facebook Inc.'s (FB) initial public offering was marred by glitches. The company said it planned a one-time payout of around $40 million to compensate some of the investors who lost money because of exchange errors. Interestingly, Kraft's current market cap of $67.8 billion is close to Facebook's $72.7 billion. Write to Kristin Jones at kristin.jones@dowjones.com

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
03/02/201520:04:05Nasdaq Parties Like It's 2000, but More Sedately
03/02/201517:13:44Nasdaq Composite Ends Above 5000 for First Time Since Dot-Com...
03/02/201516:02:37Nasdaq Hits 5000 for First Time Since Dot-Com Era
02/27/201517:18:40U.S. Stocks Slip But Post Monthly Gains
02/27/201515:59:12Monster Beverage Shares Hit High on Strong Overseas Growth--Update
02/27/201514:24:03U.S. Stocks Edge Lower
02/27/201511:57:13U.S. Stocks Pause After GDP Data
02/26/201523:10:27Asian Shares Mixed
02/26/201517:16:29U.S. Stocks End Mostly Lower; Nasdaq Gains
02/26/201515:34:22U.S. Stock Prices Slightly Lower
02/26/201513:26:28U.S. Stocks Slightly Lower
02/25/201521:02:46Three Brooklyn Men Accused of Plot to Join ISIS -- Update
02/25/201519:39:09Apple Throws a Wrench Into Nasdaq's Gearbox
02/24/201511:42:30Singapore Exchange CEO to Leave Firm -- Update
02/23/201517:04:20U.S. Stocks Decline, Mirroring Oil's Resumed Drop
02/20/201510:28:08U.S. Stocks Open Lower
02/20/201508:47:52U.S. Stock Futures Lower
02/17/201519:05:20BATS Moves Toward Another Try at an IPO -- Sources

Nasdaq Stock Market and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad