Nomura Holdings (NMR +4%) shares are surging today on a WSJ report that it’s planning to...

|About: Nomura Holdings, Inc. (NMR)|By:, SA News Editor

Nomura Holdings (NMR +4%) shares are surging today on a WSJ report that it’s planning to cut costs by $1B next fiscal year, in the first indication of how Japan's biggest brokerage is changing course under new management. The cuts come after another $1B in cost reductions in its wholesale business implemented earlier this year.