February 3, 2012 |
The U.S. stock markets are officially leaving the bad times of the last three years behind them. Stocks surged around the globe Friday, thanks to a pair of good reports on the U.S. economy, sending the Dow Jones industrial average up to the highest level since May 2008, before Lehman Bros. went bankrupt. Meanwhile, the technology-heavy Nasdaq composite index, fueled in part by optimism about Facebook's coming initial public offering, finished at its highest level since the heady days of the technology boom in 2000.
October 29, 1998
Argent Capital Corp. said its stock has been delisted from the Nasdaq SmallCap market after Nasdaq officials determined that the company has failed to meet listing guidelines. The Huntington Beach company, which provides mortgage and financial planning services, said its shares will trade over the counter. In its last day of Nasdaq trading Tuesday, the stock closed at 63 cents a share, down 12 cents. Argent said it is attempting to recapitalize the company.
April 19, 2008 |
Charter Communications Inc., the cable operator controlled by Microsoft Corp. co-founder Paul Allen, said it had received a notice from Nasdaq after its Class A shares closed below $1 for 30 consecutive business days. Charter may fall short of Nasdaq listing requirements if the shares don't close at or above $1 for 10 business days in a row, the St. Louis-based cable operator said.
June 23, 1998
PNB Financial Group, the Newport Beach-based parent of Pacific National Bank, said Monday its stock has been approved for listing on the Nasdaq National Market System effective Wednesday. PNB, which currently trades in the over-the-counter market, will trade on Nasdaq under the ticker symbol PNBF. The company has branches in Newport Beach, Orange and Beverly Hills.
October 5, 2005 |
The Securities and Exchange Commission on Tuesday proposed granting exchange status to the Nasdaq Stock Market, a step that would allow the computerized trading system to gain independence from its parent, the NASD. The proposal may end a five-year logjam for Nasdaq, which was created as a NASD subsidiary in 1971. The shift in legal status, applied for by Nasdaq in 2000, would sever its ties with the NASD (formerly the National Assn.
April 30, 1999 |
The Nasdaq Stock Market is doing a better job of checking out listing applicants and making sure listed companies comply with its standards, according to Congress' General Accounting Office. The GAO report, released Thursday, said Nasdaq's Listing Qualifications Department has initiated at least 85 investigations that have resulted in companies restating their financial information, making corrective public disclosures and, in some cases, being delisted.
November 4, 1999 |
It wasn't always the nation's hottest stock index. Here's a look at the Nasdaq composite index's progress through the decades: * 1970s: Ends the decade at 151.14, a net gain of 51% from its creation in February 1971 at a value of 100. That wasn't much of an advance, but it beat the Dow Jones industrials, which began the decade at 800.35 and ended at 838.74--for a net gain of just 4.8%.
June 20, 1992
The NASDAQ Small Cap stock listing, which will appear six days a week beginning Tuesday, replaces the NASDAQ Bid and Asked listing. The stocks are the same, but a new NASDAQ system permits the publication of the last sale price for each issue and the net change for the day. In the past, the latest sale prices were unavailable for these typically very small stocks. Instead, brokers and investors could see only the bid and asked prices.
May 10, 2000 |
Ants Software.com Inc. said Nasdaq rejected the software developer's listing application, citing its financial condition, an ongoing federal investigation and the resignation of its auditor. The Burlingame, Calif.-based company said it had "cured all of the conditions about which Nasdaq expressed concern" and would file a new application to have its shares, which trade over the counter, listed on Nasdaq. Ants fell $1.81 to close at $7.94 on the Bulletin Board.
September 26, 1992
Shelly Associates Inc. said Friday that it has been delisted from the NASDAQ market. The company, a manufacturer of electronic displays, said it received notice from the National Assn. of Securities Dealers that its common shares no longer qualify for trading. Shelly went public in March, 1986. Publicly traded companies are required to maintain a certain level of assets and number of shareholders. Shelly's president, Daniel Montano, could not be reached Friday for comment.