Home / Markets / Industries / Finance
Wednesday, October 01, 2008
Fortis Expects Ping An Deal To Fall Through
Simon Kennedy
MarketWatch Pulse
LONDON -- Fortis said late Tuesday that it doesn't expect it will be able to complete the 2.15 billion euro ($3.1 billion) sale of half its asset management business to Pin An Insurance due to the severe market disruptions. Fortis said it will remain the 100% owner of Fortis Investments. It added the division already has a substantial presence in Asia and it will continue to follow its existing growth plan for the region.
Copyright © 2008 MarketWatch, Inc.
Fox Business Video
-
-
AIG Bonus Approval
-
Jul 11, 2009
AIG Bonuses
-
-
-
Power Rankings: Where are They Now?
-
Jul 11, 2009
07/10/09
-
-
-
Macrellus Willey: Life After F...
-
Jul 11, 2009
Wiley on Networking Site
-
-
-
When a Dome Becomes a Home
-
Jul 10, 2009
Kubley on Dome Homes
-
-
-
Helping Small Business
-
Jul 10, 2009
Yancey on Volunteer Work
-
FOX Translator
No data currently available.
No data currently available.
A specialist is a member of a stock exchange who works as an auctioneer for a specific stock and/or stocks. It can be an individual, partnership, corporation or group of firms.
The specialist works to maintain a "fair and orderly market" for respective stocks, matching up buyers and sellers by displaying the best "bid" and "ask" prices at its trading post. If buys are not equal to sells, the specialist evens the scale by buying or selling shares, accordingly. However, they cannot make their own transactions until all investor orders have been placed.
Gauging supply and demand, the specialist sets an opening price for the stocks in its domain. If a price has not been set by the time the market opens, the specialist can delay that particular stock's opening.
Specialists make money off the "spread," which is the difference between bid and ask prices on orders.
