December 12, 1985
Pan Electric Industries' chief shareholder signed an agreement enabling the debt-laden firm to resume normal trading for the first time since a dramatic collapse that forced the Singapore and Malaysian stock exchanges to suspend trading for three days. Millionaire businessman Tan Koon Swan signed the agreement giving the company $20 million in new funds.
August 5, 1986 |
The United States and the Soviet Union today announced the signing of 13 exchange agreements that officials said could restore cultural, health and educational contacts between the two nations to the levels of the 1970s. Under the agreements, worked out during a one-week visit by a Soviet delegation, Soviet and American art exhibits will be exchanged, more students will study in each other's countries, and joint research and programs will be undertaken.
CALIFORNIA | LOCAL
May 14, 1988
Administrators from the University of Tokyo and UC San Diego signed an agreement Friday for scientific, educational and cultural exchanges between the two institutions. The agreement calls for joint research, exchange of faculty and graduate students, sharing of information in fields of mutual interest, and sponsorship of visiting scholars for lectures and conferences.
March 25, 2009 |
Chief executives from four U.S. stock exchanges sent a joint letter to the Securities and Exchange Commission seeking to have new rules instituted to restrict short selling. In a letter to SEC Chairwoman Mary Schapiro, the heads of NYSE Euronext, Nasdaq OMX Group Inc. and two smaller exchanges proposed a rule that would curb "abusive" short selling, which "destroys the overall confidence in our capital markets." The new rules would go beyond the previous "uptick" rule curbing short selling, which had been in place since the 1930s until being rescinded in 2007.
January 18, 1987 |
More than 50 years ago, as Congress breathed life into a new watchdog agency called the Securities and Exchange Commission, the necessity of equal shareholder voting rights in corporate America was clearly understood. "Fair corporate suffrage is an important right that should attach to every equity security bought on a public exchange," the House Commerce Committee reported to Congress in 1934. "Management should not be permitted to perpetuate themselves by the misuse of corporate proxies."
September 30, 2013 |
State insurance-buying exchanges - one of the centerpieces of President Obama's controversial 2010 healthcare law - begin their first open enrollment period Tuesday, an event that both supporters and opponents have been eagerly anticipating practically since the legislation was signed 3 1/2 years ago. For the first time, low- and moderate-income Americans who don't have health benefits at work will be able to sign up for comprehensive coverage at...
October 14, 2013 |
NEW YORK - As Twitter Inc. shops for a home on Wall Street, the Nasdaq Stock Market and New York Stock Exchange are cranking up the charm - just like they've done with other tech stars. As real estate listings website Zillow Inc. was going public two years ago, Nasdaq dispatched Chief Executive Robert Greifeld to personally make a pitch over breakfast in Seattle. The NYSE deployed Larry Leibowitz, its chief operating officer. In the end, Nasdaq won. The exchange dangled generous use of its electronic billboard towering seven stories over Times Square.
May 6, 1989 |
A day after government agents swooped down with subpoenas on New York's biggest futures markets, sources familiar with the inner workings of the exchanges said Friday that small cliques of traders, exploiting inadequate government scrutiny, have long engaged in various illegal practices defrauding both investors and other traders. "Insiders have advantages in terms of trading. That's the source of (long-standing) complaints. These markets are not fair, open markets operated for the benefit of the public," said Martin R. Gold, whose law firm, Gold, Farrell & Marks, handles securities litigation.
April 16, 2014 |
The first open enrollment period under the Affordable Care Act ended this week with roughly 7.5 million people obtaining policies through the new state insurance exchanges, including more than 1.3 million at Covered California. That's an amazing and welcome result, considering how badly many of the exchanges stumbled when sign-ups began in October. Nevertheless, it's far too early to judge the success or failure of the healthcare law, given that key tests of the program's sustainability have yet to be passed.
October 16, 2013 |
The big news out of the financial markets Wednesday is that Twitter, whose initial public offering is likely to be one of the hottest transactions of the year, will list its shares on the New York Stock Exchange instead of on Nasdaq. The world asks: So what? The answer is: So, nothing. The truth is that a company's decision about where to list makes virtually no difference to anyone except to the two main exchanges themselves. To them it means a lot. They get annual fees from the listed companies -- up to $500,000 at the NYSE, $100,000 at Nasdaq -- as well as a minuscule vig from every trade.