March 24, 1989 |
The Chicago Board Options Exchange, the Cincinnati Stock Exchange and Reuters Holdings PLC said Thursday that they plan to build the world's first electronic network for 24-hour trading of stocks and stock options. The developers plan to invite other domestic and foreign securities exchanges to join the computerized order-matching network, said CBOE President Charles Henry.
July 24, 1998 |
Confirming weeks of speculation, the Pacific Exchange and the Chicago Board Options Exchange said Thursday they have agreed to combine into one market that will handle the bulk of the nation's trading in stock option contracts. And, as expected, the deal puts in jeopardy the future of the Pacific's downtown Los Angeles stock-trading floor, as the new entity chooses to focus on the more lucrative options business.
March 16, 1989 |
A deal has been struck to sell B. Manischewitz Co., the 100-year-old maker of kosher for Passover matzos and other kosher foods, to a Los Angeles company for $40.4 million. The sale to Levine, Tessler, Leichtman & Co. must be approved by Manischewitz's stockholders, who are scheduled to meet in May. The board of directors, including Bernard Manischewitz, a retired president and member of the founding family, has given its approval. Levine, Tessler agreed to pay $762.
May 3, 1989 |
The chairman of the New York Stock Exchange said Tuesday that the Big Board would start off-hours trading if companies and investment firms want it, but no demand exists. John J. Phelan Jr. said there has been no interest among New York stock market participants to extend trading at the world's second-largest exchange beyond 9:30 a.m. to 4 p.m. "The reason we have not done it is that our customers have said they don't want it," Phelan told a meeting of the Society of American Business Editors and Writers.
December 25, 1998 |
What did investors and executives find in their stockings or under their trees this morning? A few guesses: * Shareholders of K-Tel International Inc., Books-a-Million Inc. and other companies that have soared and tumbled on Internet hype: "Security Analysis: The Classic 1934 Edition," by Benjamin Graham and David Dodd (McGraw-Hill). Or perhaps "Secrets of Winning Roulette," by Martin Jensen (Cardoza Publishing). * Shareholders of America Online Inc., the No.
June 20, 1990 |
The president of the American Stock Exchange, Kenneth Leibler, abruptly announced his resignation Tuesday, and exchange and industry officials said no clear successor was at hand. Leibler said he would become president and chief operating officer of Liberty Financial, a Boston-based subsidiary of Liberty Mutual Insurance Co. His resignation was sudden, although Wall Street has been speculating he would step down after former Rep. James Jones (D-Okla.) was named exchange chairman last November.