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Home / Business / Glitch interrupts trading; Mylan drawers; Ocado's technological focus

Glitch interrupts trading; Mylan drawers; Ocado's technological focus



CME Group ( CME ) based in Chicago, said in a statement that trading was stopped at 6:39. CT. Trading resumes at 9:45 pm after the technical issue was identified and resolved.

Outbreaks affected the CME Globex platform, which is an electronic trading system for futures and alternatives. The platform allows trading in shares, interest rates, currencies, goods and other asset classes.

The CME Group's statement did not provide any details on the technical problem that caused interruption.

2. Spotify in India: Spotify ( SPOT ) has launched in India after holding music fans waiting nearly a year.

Indian users can now download the Spotify app and access more than 40 million songs, according to the streaming company. Spotify Premium, the free advertising service, costs 1

19 rupees ($ 1.65) per month, a fraction of its US $ 9.99 price.

The company goes after some of India's half-internet users. A recent boom in the sale of smartphones and cheap mobile data plans has attracted Silicon Valley's biggest players to the country. Google ( GOOGL ) Facebook ( FB ) Amazon (] ] ] and Netflix ( NFLX ) has spent thousands of dollars to expand their Indian businesses
Spotify's India launch pits it against Apple ( AAPL ) and Amazon, as well as local services such as Gaana and JioSaavn.
3. Mylan disappoints: Stocks in Mylan ( MYL threw almost 10% in premarket trading after generic drugmaker reported earnings for the fourth quarter that missed Wall Street estimates.

The company also provided guidance for 2019 which was well below analysts' expectations.

Mylans CEO Heather Bresch said she was confident in the coming year, but.

"By exploiting those The verification across our commercial, operational and scientific platforms, we feel incredibly positive about our ability to deliver a strong peak performance in 2019, "she said in a statement.

4. Ocado delivers: Dealer Marks and Spencer ( MAKSF ) pays up to £ 750 million ($ 996 million) for 50% of Ocado s ( OCDGF ) UK Retail.
The deal solves a problem for M&S and ensures that the products can now be delivered to UK consumers who have come to answer home delivery. Ocado can spend money to invest in their technology business. The company is increasingly focused on licensing its robot stock technology to other retailers, and has already had deals with Kroger ( KR ) in the United States and Casino Casino ] ( CGUSY ) in France.

Ocado CEO Tim Steiner said the deal would create a "stronger platform to innovate and develop our unique and proprietary technology."

Stocks in Ocado got 1% on Wednesday. The share is already up nearly 27% so far this year. Stocks in M&S fell almost 9% in London. M&S said it would fund the deal by reducing the dividend by 40% and issuing new shares worth $ 600 million ($ 797 million).

See CNN Business & # 39; live digital show & # 39; Markets Now at 12:45 ET
5. Global Market Overview: The US stock market was slightly lower.
European markets opened with losses of less than 1%. Shares in Asia closed mixed.
The Dow went 0.1% on Tuesday. S & P 500 fell 0.1% and Nasdaq fell 0.1%.
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6. Income and Economy: Best Buy ( BBY ) Campbell Soup ( CPB ) [19659002] LOW and Sinclair Broadcast ( SBGI ) will release earnings before the opening.
Thread WIFI ) Fitbit ( FIT ) Hostess Brands ( TWNK L Brands ( LB ) Monster Beverage ( MNST ) Square ( SQ ) Federal Reserve Chairman Jerome Powell will submit his biannual monetary report to the House Financial Services Committee.

7. Comes this week:
Wednesday – Lowes [19659002] ( LOW ) Best Buy ( BBY ) Campbell Soup ( CPB ) ]

Income, Powell appears before the House Financial Services Committee
Thursday – GDP report, JCPenney ] PG & E ( PCG ) Gap ( GPS ) Nordstrom ( JWN ) and Anheuser-Busch ( BUD ) income
Marriott ( MAR ) income [19659000]
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