latest news releases from the newsroom
The NASDAQ OMX Group, Inc.
NASDAQ Is Recognized as the Best Data Provider Among Securities Exchanges for the Second Year
NEW YORK, May 16, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) has been recognized as the best data provider among the world's securities exchanges for the second consecutive year. This recognition of excellence was announced recently at the 5th annual Inside Market Data Awards event in New York. NASDAQ's acknowledgement as a world-class data provider was determined by the readership of Inside Market Data, the publication of choice for senior level data and technology executives within the financial services and securities industry throughout the world.
Quanex Building Products Corporation
Quanex to Review Strategic Alternatives for Building Products Group
HOUSTON, May 16, 2007 (PRIME NEWSWIRE) -- Quanex Corporation (NYSE:NX) today announced that its Board of Directors has initiated a review of strategic alternatives with respect to its Building Products group. Quanex's Building Products group generated net sales of approximately $1.1 billion and operating income of approximately $135 million for the year ended October 31, 2006. The Building Products group consists of Engineered Products, which provides window and door OEM customers with engineered products and components, and Aluminum Sheet Products, which serves primarily the building and construction market. Strategic alternatives to be considered include, but are not limited to, a tax-free spin-off to Quanex shareholders, a sale or a joint venture.