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June 22, 1994
Due to increasing numbers of new listings, some smaller Nasdaq stocks no longer appear in the daily tables. Those stocks will still be available on the TimesLink telephone service: 808-8463 from the 714, 213, 310, 818 or 909 area codes; then press *2000.
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BUSINESS
April 10, 2014 | By Walter Hamilton
A plunge in once-soaring technology shares sent Nasdaq into a triple-digit decline and yanked the rest of the stock market down with it. Erstwhile darlings such as Netflix Inc. and Facebook Inc., as well as biotechnology highfliers such as Intercept Pharmaceuticals Inc., sank Thursday as investors fled many names they had favored just a few weeks ago. The sell-off was less a result of economic developments as it was the hard reality of a...
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BUSINESS
May 18, 2012 | By Michelle Maltais
Facebook Friday is finally here. The bell has rung and the stock goes public in about an hour. Nasdaq has a very friendly welcome to the company on top of its homepage, "to a more open and connected world. " When you click one of the links in the welcome box, in true social networking style, there's an invitation for visitors to engage. "How has Facebook connected your world?" it asks. "With more than 900 million members worldwide, Facebook has made the world more open and connected than ever.
BUSINESS
November 25, 2013 | By Walter Hamilton
First came the Dow. Then the S&P 500. And now the Nasdaq is reaching a milestone. The technology-laden Nasdaq composite index briefly jumped above 4,000 on Monday, the first time it has hit that mark since the collapse of the dot-com bubble 13 years ago. The once-obscure index initially crossed that level for the first time at the end of 1999. It became a symbol of the tech boom that some thought would parallel the Industrial Revolution. Instead, the Nasdaq tumbled below 4,000 four months later as investors' infatuation with unprofitable companies such as Pets.com and EToys burned itself out. The index remains far below its all-time close of 5,048.62 in March 2000.
BUSINESS
October 30, 2012 | By Andrew Tangel
Major stock exchanges are testing their systems in preparation to reopen Wednesday after Hurricane Sandy forced trading to halt on Wall Street. The New York Stock Exchange and the Nasdaq were allowing brokerage firms to run tests on their platforms early Tuesday. If the NYSE's physical trading floor doesn't reopen Wednesday, the exchange's all-electronic platform, Arca, would operate if markets open. PHOTOS:  Sandy bears down on East Coast NYSE Euronext, the exchange's operator, denied reports that flooding in Lower Manhattan had inundated its trading floor with three feet of water.
AUTOS
July 9, 2013 | By Catherine Green
Tesla Motors Inc., will join the Nasdaq 100 stock index beginning Monday to fill the spot of computer technology company Oracle Corp., which announced last month it would move to the New York Stock Exchange. Headed by Elon Musk, the billionaire also responsible for PayPal and SpaceX, Tesla manufactures high-end electric cars. The Palo Alto company's Model S sedan starts at $62,200 and can exceed $100,000 with modifications. The automaker reported selling 8,931 cars in the first half of 2013.
BUSINESS
August 23, 2013 | By Andrew Tangel
NEW YORK -- Nasdaq OMX Group Chief Executive Bob Greifeld defended the exchange operator's response to Thursday's three-hour trading outage, declaring "we came back successfully. " Greifeld made the rounds on business television channels Friday, a day after the Nasdaq Stock Market's embarrassing "flash freeze. " A critical data feed's breakdown forced the exchange to halt buying and selling in all Nasdaq-listed stocks and options, paralyzing Wall Street for nearly half a trading day. Speaking on CNBC, Greifeld said Nasdaq was "deeply disappointed" with Thursday's outage.
BUSINESS
May 18, 2012 | By Andrew Tangel
NEW YORK -- The U.S. Securities and Exchange Commission will review trading glitches with Nasdaq's handling of Facebook's IPO. “As is our practice, staff will review the incident with Nasdaq to determine its cause and steps that will be taken to address it,” SEC spokesman John Nester said in a statement after an inquiry from The Times. Brokerages complained of technical issues with the Nasdaq exchange, as investors did not know whether their trades in the highly anticipated stock offering had been executed.
BUSINESS
August 23, 2012 | By Andrew Tangel
Citigroup has lined up against Nasdaq's plan to compensate brokerages that lost money in the Facebook IPO. In a letter filed with the U.S. Securities and Exchange Commission opposing Nasdaq's plan to pay $62 million to brokerages that lost money in the botched initial public offering, Citi criticized Nasdaq's "grossly negligent conduct. " Facebook's May 18 IPO was fraught with technical problems that saddled brokerages with millions in losses. Nasdaq delayed the highly hyped offering, but decided to go through with it despite technical difficulties in its systems.
BUSINESS
August 22, 2013 | By Andrew Tangel
NEW YORK --The Nasdaq Stock Market fully resumed trading Thursday after a three-hour outage threw a wrench into Wall Street's day. The stock exchange fully reopened at about 12:25 p.m. Limited trading had resumed a few minutes earlier. Traders and investors braced for possible wild price swings with the resumption of trading in major technology stocks such as Apple and Google. “There's a lot that can go wrong,” Sal Arnuk, co-founder of the brokerage Themis Trading in New Jersey, said before trading resumed.  QUIZ: How much do you know about California's economy?
BUSINESS
November 25, 2013 | By Walter Hamilton
The stock market rally rolled on Monday, with the Nasdaq composite index crossing 4,000 for the first time since 2000. Though it remains far below its all-time high, the technology-laden Nasdaq is up more than 32% this year, making it one of the best-performing market indexes of 2013. Nasdaq rallied strongly Monday morning, topping 4,007 before sagging to just below 4,000. Nasdaq has been propelled by many of the same forces that drove the Dow Jones industrial average above 16,000 last week: solid corporate profits, low interest rates and the Federal Reserve's economic-stimulus campaign.
BUSINESS
October 16, 2013 | By Michael Hiltzik
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.
BUSINESS
October 15, 2013 | By Andrew Tangel and Jessica Guynn
NEW YORK -- Twitter Inc. has found a home on Wall Street: the New York Stock Exchange. The micro-blogging juggernaut's choice to list its soon-to-be-public stock on the Big Board is a blow to the Nasdaq Stock Market, which fumbled the debut of Facebook, last year's hot tech IPO. Twitter disclosed its pick in a securities filing late Tuesday. Twitter is seeking to raise $1 billion in the offering, on track to take place next month. Although investors may care little where the company lists its stock, Twitter's choice nonetheless carries high stakes for the country's two largest exchanges.
BUSINESS
October 14, 2013 | By Andrew Tangel
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.
BUSINESS
October 4, 2013 | By Jessica Guynn
SAN FRANCISCO -- With the hottest technology offering since Facebook still technically up for grabs, the Nasdaq Stock Market's chief Bob Greifeld paid a visit to Twitter headquarters in San Francisco on Friday. Twitter is leaning toward listing with the New York Stock Exchange after the technical glitches that marred Facebook's IPO in May 2012, a person familiar with the situation said last week. Greifeld made his pitch anyway, arguing that Twitter would be better off on Nasdaq and trading with many of its peers.
BUSINESS
August 23, 2013 | By Andrew Tangel
NEW YORK - Investors shook off the after-effects of the Nasdaq Stock Market's three-hour outage, which rattled investor confidence in high-speed electronic trading, and spurred the major indexes to a second straight day of gains Friday. Nasdaq's technical snafu, dubbed a flash freeze, renewed fears of Wall Street technology run amok, but investor worries seemed to ebb. On Friday, Robert Greifeld, chief executive of the exchange's parent company, Nasdaq OMX Group Inc., defended the company's response and declared the exchange "came back successfully" from Thursday's outage.
BUSINESS
June 8, 2012 | By Tiffany Hsu
For all the grief the glitchy Facebook IPO has caused Nasdaq (or is it the other way around?), the exchange operator has still managed to woo major companies away from its competitor, the New York Stock Exchange. Nasdaq OMX Group Inc.'s newest prize isKraft Foods Inc., which said Friday that it is abandoning NYSE to list on Nasdaq instead. The KFT ticker will make the jump on June 26. But it won't last long in that form: Kraft - which makes brands such as Cadbury, Maxwell House, Oreo and Trident - is in the middle of spinning off its North American grocery business.
BUSINESS
March 25, 2013 | By Stuart Pfeifer
The Securities and Exchange Commission has approved Nasdaq OMX Group Inc.'s proposal to pay brokerages as much as $62 million as compensation for last year's botched Facebook Inc. initial public offering. Nasdaq's trading system was overwhelmed by high volume on the first day that Facebook's stock traded, delaying trade confirmations and contributing to a chaotic and costly day for investors in the social media company. By some accounts, Wall Street firms lost as much as $500 million because of Nasdaq glitches during the Facebook IPO last May. Brokerages complained that they didn't get confirmation that trades were going through, leaving investors in the dark about whether they owned the stock, or at what price.
BUSINESS
August 23, 2013 | By Andrew Tangel
NEW YORK -- Nasdaq OMX Group Chief Executive Bob Greifeld defended the exchange operator's response to Thursday's three-hour trading outage, declaring "we came back successfully. " Greifeld made the rounds on business television channels Friday, a day after the Nasdaq Stock Market's embarrassing "flash freeze. " A critical data feed's breakdown forced the exchange to halt buying and selling in all Nasdaq-listed stocks and options, paralyzing Wall Street for nearly half a trading day. Speaking on CNBC, Greifeld said Nasdaq was "deeply disappointed" with Thursday's outage.
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