Investor Relations in the 21st Century

... Or fencing on a tightrope in the eye of the storm...

After two plus decades on the firing line in Investor Relations I have as many questions now as I did when I started – just different questions. Traders outnumber investors; markets are increasingly fragmented and opaque; technology outpaces regulation, All these trends are transforming the IR landscape today and into the future. RiskRewardNews is where I intend to search for insight and answers. Join me in conversation with market participants, CEOs, CFOs, IROs, academics, regulators, and informed observers as the financial market of the 21st Century takes shape.

Wednesday, December 30, 2009

NASDAQ OMX to cut losses in Dubai

Exchange sells stake in NASDAQ Dubai and takes $81 mn charge

The financial market meltdown in Dubai continues to impact investors beyond the Dubai real estate market. NASDAQ OMX announced last week that it will absorb an $81 mn pre-tax non-cash impairment charge as it sells its 33.3 percent stake in NASDAQ Dubai for $120 mn to the state-controlled Dubai Financial Market (DFM) less than two years after the deal launched.  
Post on IR magazine website  Dec 30, 2009

Read more here.

Posted by Brad Allen at 12:00 PM  

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