NEW YORK -- Nasdaq OMX Group agreed to buy eSpeed from BGC Partners for $750 million in cash.
eSpeed is an electronic service for trading U.S Treasury notes and bonds. The acquisition allows Nasdaq to expand into other investment fields.
The acquisition is expected to be completed in the middle of 2013.
Goldman Sachs launched a specialty finance company to invest in risky credit products.
Goldman has registered the fund as a "business development company" -- a type of investment vehicle that has grown in popularity over the past decade, and which allows Goldman to avoid certain regulations, according to The Wall Street Journal.
AstraZeneca's patent for its Pulmicort Respules asthma treatment has been ruled invalid by a U.S. court.
The ruling allows Actavis to launch a generic version of the drug; Actavis said it would do so immediately.
U.S. automakers, including Ford and General Motors , are scheduled Tuesday to release auto sales for March.
U.S. car and truck sales are expected to hit their highest level in nearly six years in March, according to analysts surveyed by Bloomberg.
McCormick is expected by analysts on Tuesday to post fiscal first-quarter earnings of 56 cents a share on revenue of $922.7 million.
G-III Apparel Group is expected by Wall Street to post fourth-quarter profit of 40 cents a share on sales of $360.2 million.
-- Written by Joseph Woelfel
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