The markets traded mixed during the midday with the Dow gaining 23 points to 19,875. Nasdaq lost 6 points to 5,449.
The European Commission has approved the proposed $10.4 billion acquisition of WhiteWave by Danone. The Commission had expressed competition concerns in the "growing-up milk" business but Danone offered to sell most of its "growing-up milk" business in Belgium. The divestiture gesture satisfied regulators who made the acquisition conditional on the Belgium segment sale.
Twitch introduced its new IRL channel that will allow video game streamers to chat with their audience. The Twitch streaming service that was acquired by Amazon two years ago was limited to players streaming while gaming. Users will now be able to upload and stream moments from their normal, non-gaming lives.
Deutsche Bank must pay nearly $40 million settle charges that it misled investors in dark pool trading platforms. Charges with federal and New York state regulators will be settled with a $37 million payment while $3.25 million will go to the Financial Industry Regulatory Authority. Deutsche clients were told that a dark pool ranking model using ongoing data analysis was used to rank anonymous trading platforms but the ranking model was updated only once in two years.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index eased a fraction to 2,261. Bitcoin rose $3 to $775.
