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Nasdaq’s profit drops on expenses and FX headwinds

Exchange operator implements restructuring programme to lower costs

Nasdaq’s profit drops on expenses and FX headwinds

Nasdaq OMX Group said its profit dropped in the first quarter, hurt by restructuring-related expenses and changes in foreign-exchange rates.

The company's earnings topped estimates, while revenue fell short.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink