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BUSINESS
June 28, 2001 | Bloomberg News
The Nasdaq Stock Market is cutting its work force by 10% after a drop in new stock listings and a recent slump in trading volume. Nasdaq will cut 137 of 1,343 jobs. An 87% decline in new listings from the first part of last year has squeezed Nasdaq, which relies on listing fees to help fund operations. Also, trading volume slacked off in April and May, after a robust first quarter when it rose 20% from the first three months of last year, a spokesman said.
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ENTERTAINMENT
January 8, 2014 | By Meg James
Nearly a decade after Rupert Murdoch moved his company's corporate headquarters to New York from his native Australia, his television and film company is moving to withdraw almost completely from Australia. 21st Century Fox announced late Wednesday that it taking steps to remove its shares from trading on the Australian Securities Exchange. The move -- which is subject to the approval of Fox Class B common stockholders -- would mean that Fox shares would solely be listed on the Nasdaq Stock Market in the U.S.  Currently, Fox shares trade on the two separate exchanges.  ON LOCATION: Where the cameras roll “Today's announcement is part of our ongoing agenda to simplify the operating and capital structure of our company,” Murdoch, chairman and chief executive of 21st Century Fox, said in a statement.
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BUSINESS
February 13, 2007 | From Times Staff and Wire Reports
Wall Street extended its losses Monday as investors awaited a stream of key economic data this week and were left disappointed by the collapse of several closely watched acquisition deals. The markets, which pulled back last week amid concern about inflation's effect on interest rates, traded cautiously with Federal Reserve Chairman Ben S. Bernanke set to testify about the economy before Congress on Wednesday.
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
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
December 8, 2000
The Nasdaq Stock Market will hold a news conference today to announce a replacement for retiring CEO Frank Zarb, ending a four-month search.
BUSINESS
November 18, 1995 | Times Staff and Wire Reports
The National Assn. of Securities Dealers, as expected, announced a major restructuring that will boost public representation on its board and separate its regulatory functions from operations of the Nasdaq Stock Market.
BUSINESS
July 25, 1997
The Nasdaq Stock Market will complete the phase-in of all 6,380 of its stocks under the new order-handling rules on Oct. 13, the Securities and Exchange Commission said.
BUSINESS
April 5, 2006 | From Bloomberg News
The New York Stock Exchange got approval from the Securities and Exchange Commission on Tuesday to sell real-time data on its listed stocks, making it more competitive with the Nasdaq Stock Market and electronic exchanges. The NYSE became a publicly traded company last month. Faster data may help investors increasingly relying on computerized trading to perform rapid-fire trading strategies.
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 Jim Puzzanghera
WASHINGTON -- Sen. Mark Warner on Friday called on the Securities and Exchange Commission to conduct a "thorough investigation" of the Nasdaq Stock Market's three-hour trading outage. Warner (D-Va.), a member of the Senate Banking Committee, said Thursday's technological problem was "troubling. " In a letter to SEC Chairwoman Mary Jo White, he asked her to investigate and report back to Congress about how to avoid future problems. "Securities markets need prudent regulation to ensure their integrity," wrote Warner, a former venture capitalist.
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
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
August 22, 2013 | By Walter Hamilton, Andrew Tangel and Shan Li
NEW YORK - The Nasdaq Stock Market suffered a distressing three-hour outage that halted trading in some of the nation's leading companies, the latest in a series of embarrassing glitches that have exposed technological weaknesses across Wall Street. The snafu sent harried traders scrambling for alternative ways to conduct business and left legions of individual investors with no way to buy or sell shares of companies such as Apple Inc. and Google Inc. The country's second-largest stock market was disabled from 9:14 a.m. to 12:25 p.m. Pacific time.
BUSINESS
July 22, 1995
Nasdaq index--Because of high trading volume on the Nasdaq Stock Market this week, several incorrect figures for the exchange's composite index have been reported by Nasdaq and published in The Times. The correct closes earlier this week were: July 17, 1005.89; July 18, 988.53; July 19, 952.83; July 20, 960.57.
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?
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