Glitch interrupts commerce; Mylan disappoints; Technological Focus of Ocado



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CME Group (CME), which is based in Chicago, said in a statement that the negotiation was stopped at 18:39. CT. Trade resumed at 21:45. CT after the technical problem has been identified and resolved.

The outage affected the Globex CME platform, which is an electronic trading system for futures and options. The platform trades stocks, interest rates, currencies, commodities and other asset classes.

The statement from the CME Group did not provide details of the technical problem that caused the failure.

2. Spotify in India: Spotify (SQUARE) was launched in India after making fans wait for music for almost a year.

Indian users can now download the Spotify app and access more than 40 million songs, according to the streaming company. Spotify Premium, its advertising-free subscription service, will cost 119 rupees (US $ 1.65) a month, a fraction of its price of US $ 9.99 in the United States.

The company is attacking half a billion Internet users in India. The recent surge in smartphone sales and inexpensive mobile data packages has drawn Silicon Valley's leading players to the country. Google (GOOGL), Facebook (FB), Amazon (AMZN) and Netflix (NFLX) have spent billions of dollars to develop their Indian businesses.
The Indian launch of Spotify confronts it Apple (AAPL) and Amazon, as well as local services such as Gaana and JioSaavn.
3. Mylan disappoints: Actions in Mylan (MYL) fell nearly 10% in pre-market trading after the generic drug maker posted a fourth-quarter profit lower than Wall Street estimates.

The company also released forecasts for 2019 that are well below analysts' expectations.

Heather Bresch, CEO of Mylan, said she was confident about the coming year.

"By taking advantage of the diversification of our commercial, operational and scientific platforms, we are incredibly satisfied with our ability to generate a solid financial performance in 2019," she said.

4. Ocado provides: Retailer Brands and Spencer (MAKSF) pays up to 750 million pounds ($ 996 million) for 50% of the Ocado (OCDGF) United Kingdom retail trade.
The agreement solves a problem for M & S, ensuring that its products can now be delivered to UK consumers who have come to meet home delivery. Ocado can use this money to invest in its technology sector. The company is increasingly focused on transferring technology from its robotic warehouse to other retailers and has already contracted with Kroger (KR) in the United States and Casino (CGUSY) In France.

Tim Steiner, CEO of Ocado, said that this agreement would create a "stronger platform to innovate and develop our unique and patented technology."

Shares in Ocado gained 1% on Wednesday. The stock is already up nearly 27% since the beginning of the year. M & S shares fell nearly 9% in London. M & S announced that it would fund the deal by reducing its dividend by 40% and issuing new shares with a maximum value of £ 600 million ($ 797 million).

Watch the live digital broadcast of CNN Business's Markets Now & # 39; at 12:45. AND
5. Global Market Overview: US equity futures were slightly lower.
European markets opened with losses of less than 1%. Stocks in Asia have closed mixed.
The Dow lost 0.1% Tuesday. The S & P 500 lost 0.1% and the Nasdaq 0.1%.
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6. Earnings and economy: Best buy (BBY), Campbell Soup (CPB), Lowe & # 39; s (LOW) and Sinclair Broadcast (SBGI) will publish earnings before the opening.
Boingo wireless (WIRELESS), Fitbit (IN SHAPE), Hostess brands (TWNK), The Brands (KG), Monster Beverage (NMST) and Square (SQ) will follow after closing.

Federal Reserve Chairman Jerome Powell will present his semi-annual report on monetary policy to the House Financial Services Committee.

7. Coming this week:
Wednesday – Lowe & # 39; s (LOW), Best buy (BBY) and Campbell Soup (CPB) Powell appears before the House Financial Services Committee
Thursday – GDP ratio, JCPenney (JCP), PG & E (PCG), gap (GPS), Nordstrom (JWN) and Anheuser-Busch (BUD) earnings
Friday – Marriott (TUE) earnings

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