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Thursday, October 27, 2011

D. Boerse, NYSE buy back shares, (NASDAQ: NNBR), (NYSE: NYX)

Deutsche Boerse and NYSE Euronext , the U.S. exchange operator it is buying for $9 billion, announced share buybacks of $238 million on Thursday, underscoring their confidence in the deal.The Frankfurt bourse operator also lowered its 2011 outlook for expenses after posting strong third-quarter results and slimming down. It now sees costs at 1.13 billion euros ($1.56 billion) instead of 1.15 billion.Fine-tuning third-quarter results that were partially released last week, Deutsche Boerse said earnings before interest and taxes (EBIT), adjusted for merger-related costs and restructuring expenses were 356.4 million euros, while sale rose 20 percent to 604.7 million euros due to volatile markets.It will spend 100 million euros on its own shares, encouraged by good earnings prospects.

NN, Inc. (NN) operates in three segments: the Metal Bearing Components Segment, the Plastic and Rubber Components Segment, and the Precision Metal Components Segment. Shares of NNBR traded higher by 10.37% or $0.83/share to $8.83. In the past year, the shares have traded as low as $4.69 and as high as $19.39. On average, 225921 shares of NNBR exchange hands on a given day and today's volume is recorded at 96828.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX traded higher by 8.48% or $2.2099/share to $28.26. In the past year, the shares have traded as low as $23.24 and as high as $41.60. On average, 4093820 shares of NYX exchange hands on a given day and today's volume is recorded at 2000448.