Student Loans Discharged In Bankruptcy

Rather than taking on more debt to fund its programs or permitting middlemen such as Sallie Mae to sell (via securitization) government-backed loans to the investment community at a profit, the DOE should run its own loan-selling activity. After all, a guaranty is a guaranty whether its offered directly or through an intermediary. Moreover, the elimination of this added layer of costwhich investors would naturally view as a yield-enhancing opportunityshould be used to extract an important structural concession: the right to truncate or extend the durations of any or all the securitized loans it securitizes. The government would then be in a position to direct its subcontracted loan servicers to expeditiously transact the restructures, modifications and accelerated repayments its borrowers require. The only incremental taxpayer exposure would come from the losses that may arise from the private loans that flow into the program.
Source: http://finance.yahoo.com/news/student-loan-reality-check-lenders-190043728.html

Last month , a group of senior bankers who advise the Fed warned its seven-member Board of Governors that too many students are graduating (or dropping out of school) with an unsustainable level of federal student debt, which they called a bubble [that] has many parallels to the subprime/housing bubble, according to a summary of their Sept. 20 meeting. Outstanding federal student debt has nearly doubled since 2007 to $1 trillion. That increase in debt has senior banking leaders worried because the banking industry could see fewer revenues in the future as creditworthiness deteriorates and borrowing capacity and consumer demand for auto, home, and other purchases declines. A generation of college graduates with a lack of expendable income could negatively impact the overall economy for years to come, the bankers told the Fed. Federal policymakers are counting on government programs that either trim overall debt or cut monthly payments to reduce the chances of a student debt-driven economic malaise.
Source: http://www.huffingtonpost.com/2013/10/22/student-loan-servicing_n_4144760.html

Student Loans Are Becoming a Drag on the US Economy

10 in the nation for number of college students with debt, with 67% of graduates from four-year schools having loans to repay. College tuition costs have doubled over the last 12 years and Wisconsin’s student loan borrowers have an average debt of $22,400, and monthly student loan payments of $338 over 18.7 years for those repaying money borrowed to earn a bachelor’s degree, according to the lawmakers. Student loan debt is the only type of household debt that continued to rise through the Great Recession. The U.S. Federal Reserve System estimates that 753,000 Wisconsin residents have federal student loan debt. Nationally, nearly 40 million Americans hold more than $1.2 trillion in student loan debt, the second largest consumer debt in the country more than credit cards or auto loans.
Source: http://www.jsonline.com/news/education/bill-sponsored-by-wisconsin-democrats-would-ease-student-loan-debt-b99125859z1-228938911.html

Gently used items can be easily found at thrift stores, garage sales, flea markets, on Craigslist or even on Facebook Yard Sale Groups. The trick is buying items cheap, and selling them for many times their purchase price. For example, clothing can be purchased at a Goodwill store for $5 a piece, and sold on eBay for sometimes up to $100, depending on the brand and style. Selling on eBay is a skill, but one that Gen Y kids can pick up easily. Can’t afford to buy inventory? Get free stuff to sell.
Source: http://www.examiner.com/article/how-to-pay-off-student-loans-learn-to-sell-unwanted-junk-on-ebay

The BAP said that this test has three factors, which are: (1) the debtors past, present, and reasonably reliable future financial resources; (2) the debtors reasonable and necessary living expenses; and (3) any other relevant facts and circumstances. The debtor stipulated that her income, which fluctuated due to seasonal hours of operation at one http://www.obamastudentloanforgiveness.net/ of her jobs, was between $1,379 and $2,040 in 2012. She argued that her income was unlikely to increase in the future and testified that despite sending out more than 200 job applications she had been unable to find full-time employment commensurate with her education level. However, the bankruptcy court found the debtor to be articulate, poised, intelligent, and quite capable and concluded that she had ample to time to find the financial resources to pay NCSLT in the future. The BAP disagreed with the bankruptcy courts assessment of the debtors reasonably reliable future income.
Source: http://www.examiner.com/article/student-loans-discharged-bankruptcy

For example, of the raw dollar amount of $38.7 billion in mortgage relief, as much as $27 billion of that came from short sales, where the servicer allows a sale for less than the mortgage is worth, freeing the borrower from making up the difference. This is better than a foreclosure, but as Kevin Whelan of the Home Defenders League said in a statement, Only on Wall Street can you push someone out of their home and call it relief. The lack of economic pain in the settlement for Wall Street is obvious as well. Just a sliver of the total went to actual write-downs of principal, which represents a loss the bank would certainly have taken anyway if they pushed the borrower into foreclosure. This punishment doesnt constitute a deterrent for the crime, which explains why so little has changed in mortgage servicing. Court cases crop up every day detailing a parade of horrors foisted on homeowners, including illegally breaking into their homes .
Source: http://www.salon.com/2013/10/23/paging_elizabeth_warren_student_loan_providers_are_likely_screwing_you_over/

Follow @TIMEBusiness The housing recovery remains on track . But high levels of student debt threaten to hang over the residential real estate market for many years, acting as a drag on both household formation and higher prices. At the height of the housing boom, the U.S. was producing 1.4 million additional households every year. That figure plunged to 500,000 in the Great Recession . The number of new households is expanding again but remains stuck at 700,000half the peak level.
Source: http://business.time.com/2013/10/18/student-loan-are-becoming-a-drag-on-the-us-economy/

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Us Stocks-futures Rise Ahead Of Data As Earnings Pour In

Earnings have beaten projections at 76 percent of the 210 companies that have posted results so far this reporting period, while 53 percent exceeded sales projections, data compiled by Bloomberg show. Jobless claims decreased by 12,000 to 350,000 in the week ended Oct. 19 from a revised 362,000 in the prior period, the Labor Department said. The median forecast of 48 economists surveyed by Bloomberg called for a decrease to 340,000.
Source: http://www.bloomberg.com/news/2013-10-23/japanese-futures-drop-amid-stronger-yen-as-crude-rebounds.html

If you wish to view more, click the button below. The Financial Times Ltd 2013 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Printed from: http://www.ft.com/cms/s/0/c9448194-3c5b-11e3-9851-00144feab7de.html Print a single copy of this article for personal use. Contact us if you wish to print more to distribute to others. The Financial Times Ltd 2013 FT and Financial Times are trademarks of The Financial Times Ltd.
Source: http://www.ft.com/cms/s/0/c9448194-3c5b-11e3-9851-00144feab7de.html

The 17-nation currency rose 0.2 percent versus the yen. The dollar was little changed at 97.32 yen. Norways krone rose 0.3 percent to 8.1313 per euro after the central bank left its benchmark interest rate unchanged and said the currency had depreciated since its last meeting. Italys 10-year yield climbed four basis points to 4.16 percent as a report showed consumer confidence fell for the first time in five months. Spains 10-year yield rose three basis points to 4.16 percent. The yield on 10-year Treasury notes fell two basis points to 2.49 percent.
Source: http://www.businessweek.com/news/2013-10-23/japanese-index-futures-drop-amid-stronger-yen-as-crude-rebounds

The thing that is disappointing is top-line revenue and those are not good signs,” said Keith Bliss, senior vice-president at Cuttone & Co in New York. “So what is going to drive the market from that point is going to be Washington policy and Fed policy.” S&P 500 futures rose 6.4 points and were above fair value, visit this page a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 67 points and Nasdaq 100 futures added 11.75 points. U.S. stocks fell on Wednesday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings, ending the S&P 500’s four-session streak of record high finishes. Dow component 3M Co reported a 6 percent rise in quarterly profit due to higher sales across all its businesses.
Source: http://www.reuters.com/article/2013/10/24/markets-usa-stocks-idUSL1N0IE0F820131024

World stocks rise on better Chinese manufacturing

The main focus later will be on weekly jobless claims numbers as well as the next batch of corporate earnings from the likes of Colgate-Palmolive, Ford, Herschey and Xerox. In the foreign exchange markets, the euro remained well-supported despite concerns over the eurozone’s growth. On Wednesday, the euro rose above $1.38 for the first time since Nov. 2011, largely because the dollar has lost support following the debt stalemate in Washington and expectations the Federal Reserve won’t reduce its monetary stimulus until next year. The euro was up 0.2 percent at $1.3803, just shy of its near two-year high of $1.3822. The dollar was flat at 97.33 yen.
Source: http://www.ajc.com/news/ap/top-news/asian-stocks-down-after-weak-us-earnings/nbXQx/

Forex – Aud/usd Slightly Lower Ahead Of U.s. Jobs Report

(1) TRADING IS NOT ON A REGULATED MARKET OR EXCHANGEYOUR DEALER IS YOUR TRADING PARTNER WHICH IS A DIRECT CONFLICT OF INTEREST. BEFORE YOU ENGAGE IN ANY RETAIL FOREIGN EXCHANGE TRADING, YOU SHOULD CONFIRM THE REGISTRATION STATUS OF YOUR COUNTERPARTY. The off-exchange foreign currency trading you are entering into is not conducted on an interbank market, nor is it conducted on a futures exchange subject to regulation as a designated contract market by the Commodity Futures Trading Commission. The foreign currency trades you transact are trades with the futures commission merchant or retail foreign exchange dealer as your counterparty. WHEN YOU SELL, THE DEALER IS THE BUYER.
Source: http://www.fxstreet.com/analysis/forex-market-condition-as-of-this-week/2013/10/22/

Any strength in the jobs data could be used as an excuse to buy the dollar, while a disappointing outcome may reinforce expectations that the Fed would hold off from scaling back its stimulus this year, pressuring the greenback, analysts say. There might be some return of speculation about the possibility of Fed tapering in December, if nonfarm payrolls show an increase of around 180,000 and there are also upward revisions to the July and August numbers, said Hiroki Shimazu, senior market economist for SMBC Nikko Securities in Tokyo. “I think about 60 percent to 70 percent of market players now expect tapering to start some time between next January and March, but we could see that change,” Shimazu said. Still, analysts say any how does etf trading work bounce in the dollar in the event of an upside surprise could be limited, since the September jobs data will shed little light on the economic impact of this month’s U.S.
Source: http://www.reuters.com/article/2013/10/22/markets-forex-idUSL3N0IB4ZU20131022

Forex – Dollar broadly higher ahead of U.S. jobs data

In U.S. economic news out Monday, the National Association of Realtors reported earlier that total existing home sales declined 1.9% to a seasonally adjusted annual rate of 5.29 million units in September from a downwardly revised 5.39 million in August, mainly due to home prices outpacing income growth. Analysts were expecting to see 5.30 million units sold. Meanwhile, some market observers expect the Aussie’s recent bullishness to continue due to strong Chinese economic growth.
Source: http://www.moneycontrol.com/news/rupee/forex-audusdslightlyloweraheadofusjobsreport_974145.html

Some programmes are proprietary, which means that no one else offers the same content. For those who require expert advice, mentorship and private coaching programmes are available. Such programmes allow more attention to be given to the students, hence accelerating the learning process and improving the odds of succeeding in forex trading. Mentors will be able to catch the mistakes that traders make and provide real-time advice and guidance. Actions to Wealth is actively involved in the forex trading industry.
Source: http://www.24-7pressrelease.com/press-release/actions-to-wealth-launches-new-website-to-help-forex-traders-succeed-365731.php

So to get an idea of what to expect, lets look at last months event in more detail. Below we can see exactly what occurred with last months price action on a EURUSD 5 minute chart, during the NFP news release. NFP numbers were expected to be released at 180k, meaning analysts expected 180,000 new jobs to be added to the economy. However, at the time of release the NFP number was issued lower than expected at 169k. Traders were left to react to this lower number with the market immediately reacting by selling off the EURUSD.
Source: http://finance.yahoo.com/news/forex-news-trading-tuesdays-nfp-190000322.html

Forex News: Trading Tuesdays NFP Event

An outlook for rate hikes that precedes counterparts can potentially reverse this disadvantage. Before Wednesdays BoC rate decision, we will look for economic strength in August retail sales. Gold Ready for NFPs Turbulence Following Quietest Day in Six Months The daily range for gold through Mondays session was a mere $11.03. That is exceptionally quiet in fact, the most reserved trading session since April 1. The comparison should stand out to metal traders. Conditions changed dramatically for gold on April 12 when it began a two-day, 14 percent plunge.
Source: http://finance.yahoo.com/news/forex-dollar-ready-nfps-volatility-040300663.html

Forex: Dollar Ready for NFPs Volatility

Economists expect the addition of 180,000 new jobs and for the unemployment rate to stay at 7.3%. AUD/USD fell 0.07% to 0.9650 while NZD/USD inched down 0.05% to 0.8451. The U.S. Dollar Index added 0.10% 79.82.
Source: http://www.nasdaq.com/article/forex-dollar-broadly-higher-ahead-of-us-jobs-data-cm289798

Obama Withdrawal Puts China’s Xi Jinping In Apec Box Seat

If Boehner says there are not enough votes, then they should prove it, Obama said during a news conference at the Federal Emergency Management Agency, where he thanked employees for working in less than optimal circumstances during the partial government shutdown, now entering its second week. Hold a vote, Obama challenged Boehner. Call a vote right now and lets see what happens. Boehner said Sunday that there arent enough votes to end the shutdown without Obama negotiating to delay or otherwise make changes to the new health care reform law, a statement that cut sharply against vote counts done by news organizations and the statements of numerous moderate Republicans who have publicly said they would join with Democrats to reopen the government at current spending levels if Boehner allows a bill to come to the floor. There are not the votes in the House to pass [a clean spending bill], Boehner said. One of the moderate Republicans who favors passing clean funding bill a so-called continuing resolution funding the government without changes to the health care law said moments after Obamas remarks that he agrees there are enough votes. I believe there are the votes to pass a clean [continuing resolution], Pennsylvania Republican Rep.
Source: http://swampland.time.com/2013/10/07/obama-says-boehner-bluffing-hold-a-vote/

Not China. Not Japan . Not any other power. Of course, it’s in this respect that Obama’s no-show does hurt: it feeds fear that America’s commitment to Asia is wavering, leaving allies to fend for themselves. As Edward Friedman, China foreign policy expert at the University of Wisconsin, says, the Obama no-show adds to the voices anxious about Chinese expansion who are saying that the US will not balance China, that a giant, assertive China cannot be balanced, that the only choice is surrender to the [Chinese Communist Party] regime and cutting the best deal possible. But for the moment, the reality is that US military and economic involvement in Asia is growing, and America’s allies understand that. Carlyle Thayer of the Australian Defence Force Academy says that the president’s no-show “will not alter the momentum of US rebalancing, especially in the defense and security areas.” Missing one trip is no catastrophe, but it is a setback. Obama has fumbled the Asia ball to the extent that President Xi Jinping has been able to make considerable political and economic mileage from this error,” Thayer said. “But China has not scored a touchdown.
Source: http://www.globalpost.com/dispatch/news/regions/asia-pacific/131007/obama-asia-summit-cancellation-china-victory

Ted Cruz, R-Texas, Thursday, Oct. 3, 2013, in San Antonio. (AP Photo/Eric Gay) Barack Obama President Barack Obama pauses while speaking in the Rose Garden of the White House in Washington, Tuesday, Oct. 1, 2013, about the government shutdown. Congress plunged the nation into a partial government shutdown Tuesday as a protracted dispute over Obama’s signature health care law reached a boiling point, forcing some 800,000 federal workers off the job.
Source: http://www.huffingtonpost.com/2013/10/06/rand-paul-obama_n_4053787.html

Obama’s Asia summit no-show: How it looks from over there

Government officials “are working around the clock and have been systematically reducing the wait times,” Obama said. He is optimistic about new diplomacy with Iran, as the United States seeks a deal in which the Iranians would renounce any attempt to make the means to create nuclear weapons. “We’re not going to take a bad deal,” Obama told the Associated Press. “We are going to make sure that we verify any agreement that we might strike.” U.S. intelligence agencies predict that Iran is about a year or more from having the capability to make a nuclear bomb; Israel disagrees, saying Iran is closer. The United States may keep some forces in Afghanistan after the formal end of the war in 2014, if an agreement can be reached with the Afghan government; the U.S.
Source: http://www.usatoday.com/story/news/politics/2013/10/05/obama-associated-press-interview-government-shutdown/2926989/

Obama: No negotiations with Republicans for now

President Barack Obama’s decision to pull out of the APEC forum and leaders’ retreat in Bali, Indonesia this week because of a domestic political brawl leaves Xi and Russian President Vladimir Putin as the two most powerful men in attendance. U.S. Secretary of State John Kerry now leads the U.S. delegation to Indonesia for APEC and to the East Asia summit and U.S.-ASEAN meetings that follow in Brunei starting Wednesday. Obama’s cancellation was no surprise. He had already trimmed Malaysia and the Philippines from his Asia itinerary because of the failure of the U.S.
Source: http://www.cnn.com/2013/10/06/world/asia/apec-obama-xi-putin/index.html

Obama Says No Negotiations Until Debt Ceiling, Funding Settled

Obama said. Let the bill go to the floor and lets see what happens. Just vote. Some Republican lawmakers dispute the speakers assessment of the likely vote tally, saying there are probably enough bipartisan votes to approve a short-term budget without addressing Obamacare or any other legislation. Mr. Boehner said repeatedly Sunday that he wants to have a conversation visit homepage with the president over raising the borrowing limit, which stands at $16.7 trillion.
Source: http://www.washingtontimes.com/news/2013/oct/7/white-house-takes-tough-line-default-threat/

Obama demands quick House vote on shutdown

Were not going to negotiate under the threat of economic catastrophe, Obama said at the Washington headquarters of the Federal Emergency Management Agency, where he met with some of the federal workers who are still on duty. House Speaker John Boehner said yesterday the Republican-controlled chamber wont pass an increase to the federal debt limit without concessions from Obama. The president has repeatedly rejected any negotiations on either the debt ceiling or funding government operations. There were few signs of the stalemate breaking a week into a government shutdown and 10 days from when Treasury Secretary Jacob J. Lew says the U.S.
Source: http://www.bloomberg.com/news/2013-10-07/obama-says-no-negotiations-until-debt-ceiling-funding-settled.html

Forex – Dollar Mostly Lower As Traders Hunt For Alternative Safe-havens

The commodity seems to have decoupled from unknown events and their outcomes. Maybe the yellow metals performance suggests that this shutdown is not going to go on for too much longer? The Euro Holds Firm Perhaps the market is incorrect and the EUR bull should be worried with current price levels. The forex market is definitely favoring being long the 17-member single currency, and while investors remain content with the trade, further upside from current levels may be a struggle (1.3609). Idling in the middle range and trading close to year-highs suggests that the EURs left-hand side is the most vulnerable. The technicals would suggest that failing http://www.etftradingsignals.com/ to trade through resistance at 1.3625-30 opens up the opportunity to retest levels well below, around 1.3570.
Source: http://www.forbes.com/sites/deanpopplewell/2013/10/04/government-shutdown-kills-nfp-forex-traders-in-limbo/

USD/CHF lost 0.28% to 0.9048. The franc rebounded after Switzerland’s banking regulators said they are conducting investigations into several Swiss banks over allegations that foreign exchange rates may have been manipulated. That news was revealed last week. USD/CAD rose 0.06% to 1.0303 as oil prices drifted lower. AUD/USD inched up 0.02% to 0.9435.
Source: http://www.moneycontrol.com/news/rupee/forex-dollar-mostly-lower-as-traders-hunt-for-alternative-safe-havens_964635.html

Forex: USD/CAD Technical Analysis – Buyers Struggle Above 1.03

Most Asia-Pacific stock indexes declined. The short-term outlook for the Foreign Currencies is sideways. The medium-term outlook for mostForeign Currenciesis Bullish. The Heffx-LTN short-term model is Long all Foreign Currencies. * A Commodity Currency is a name given to currencies of countries which depend heavily on the export of certain raw materials for income.
Source: http://www.livetradingnews.com/forex-europe-19-12567.htm

Forex Europe

Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice. Neither Yahoo!
Source: http://finance.yahoo.com/news/forex-usd-cad-technical-analysis-123600035.html

Potbelly Ipo: Stocks Of Chicago-based Company More Than Double In Debut On The Nasdaq

About NASDAQ OMX Group: The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today.
Source: http://finance.yahoo.com/news/photo-release-nasdaq-welcomes-potbelly-155452275.html

12, executives of the nations major stock and options exchanges traveled to Washington to meet with Securities and Exchange Commission Chairman Mary Jo White. The summons was prompted by a rash of technical glitches on the exchanges, the most glaring of which hit on Aug.22, when a software failure forced the Nasdaq ( NDAQ ) to halt trading for three hours. White told the executives to come back in two months with a comprehensive action plan for making the markets more resilient. Our homework assignments are clear, NYSE Euronext ( NYX ) Chief Executive Officer Duncan Niederauer said to reporters afterward. They require collaboration, and weve got 60 days. Four days later, a glitch at an NYSE subsidiary helped bring the entire U.S.
Source: http://www.businessweek.com/articles/2013-09-26/is-nasdaq-and-nyse-neglect-breaking-the-humble-stock-ticker

Farmer Bros. Co. Receives NASDAQ Notification Letter

While the Nasdaq is known for its tech darlings, two sectors not known for huge gains were the true winners, Winans says. Two of the best stocks in the Nasdaq were drug development companies, Pharmacyclics and Jazz Pharmaceuticals, which gained more than 15,000% each. And Nasdaq’s stable of retailers were also big winners, including Avis Budget, up 7,300%, yoga wear maker Lululemon Athletica, up 3,200%, and discounter Tuesday Morning, up 2,800%. Even big retailers, such as Costco, have stunning gains of 200%.
Source: http://www.usatoday.com/story/money/markets/2013/10/01/nasdaq-200-bear-market/2903825/

Restaurant chain Noodles & Co.’s stock also more than doubled in its June debut. Potbelly Corp. priced its initial public offering of 7.5 million shares at $14 per share, above the projected range of $12 to $13 each. Potbelly is selling about 7.3 million shares, while certain stockholders are selling 150,131 shares. The Chicago company raised $105 million in the offering, which is targeted to close Wednesday.
Source: http://www.huffingtonpost.com/2013/10/04/potbelly-ipo-stocks-of-ch_n_4045218.html

Nasdaq routs orders away from CBOE after brief glitch

Google, Intel, Cisco, LG and SAP declined to comment. Samsung was not available for comment. JPMorgan Chase & Co (NYSE:JPM)and RBC Capital Markets are advising BlackBerry. The board is being advised by Perella Weinberg Partners, the sources said.
Source: http://www.livetradingnews.com/mutiple-blackberry-nasdaqbbry-bids-works-12361.htm

Nasdaq rockets 200% from 2009 bear market low

Certain risks and uncertainties related to the Company’s business are or will be described in greater detail in the Company’s filings with the SEC. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those set forth in forward-looking statements. The Company intends these forward-looking statements to speak only at the time of this press release and does not undertake to update or revise these statements as more information becomes available except as required under federal securities laws and the rules and hot investment tips regulations of the SEC. About Farmer Bros. Co.
Source: http://finance.yahoo.com/news/farmer-bros-co-receives-nasdaq-210733595.html

Nasdaq Helps Set Up Iraq Erbil Bourse After Qatar Sale

Credit: Reuters/Brendan McDermid By Chuck Mikolajczak NEW YORK | Wed Oct 2, 2013 12:29pm EDT NEW YORK (Reuters) – Nasdaq OMX Group Inc (NDAQ.O) said on Wednesday that several of its operated exchanges briefly declared “self-help” against the Chicago Board Options Exchange. Self-help, which occurs when an exchange is dealing with internal problems processing trades and need to send orders through alternate venues, was declared by Nasdaq OMX PHLX, Nasdaq OMX BX Options and Nasdaq Options market systems at about 9:42 a.m. Each of the Nasdaq operated exchanges later revoked the self-help declaration by 9:55 a.m. A notification on the CBOE’s website said there was a market data issue that lasted about 12 minutes which resulted in quotes and last sales not being disseminated to the Options Price Reporting Authority.
Source: http://www.reuters.com/article/2013/10/02/us-markets-nasdaq-selfhelp-idUSBRE9910OE20131002?feedType=RSS

Mutiple BlackBerry (NASDAQ:BBRY) Bids In The Works

Asiacells stock offering was fully subscribed and doubled the Baghdad stock markets value from $4.66 billion last year, Taha Ahmed Abdul-Salam al-Rubaye, the Iraq exchanges chief executive officer, said at the time. Nasdaq OMX is also helping to upgrade the Iraq exchanges trading system, he said on June 28. Upgrading Qatar The developments come days after Qatar Holding LLC, a unit of the Middle Eastern emirates sovereign wealth fund, bought NYSE Euronext (NYX) s 12 percent stake in the Qatar Exchange to become its sole owner. NYSE Euronext assisted with changes at the Qatar Exchange that almost doubled the bourses market capitalization and contributed to MSCI Inc.
Source: http://www.bloomberg.com/news/2013-10-03/nasdaq-helps-set-up-iraq-erbil-bourse-after-qatar-sale-correct-.html