NASDAQ eliminated 25% of its employees after purchasing the Philadelphia Stock Exchange a month ago. Yesterday, NASDAQ reported that after buying the exchange its second-quarter earnings were ahead of the game. NASDAQ is expecting that through price cuts and job reduction, it will save $11.5 million by the end of this year. At this point, NASDAQ is assuming it will reach its goal of cutting costs by $50 million ahead of its 24 month schedule. As of yesterday, NASDAQ shares were up 1.65%.

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