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March 18, 2000 | Bloomberg News
Electronic communications networks such as Reuters Group's Instinet Corp. can do more trading of New York Stock Exchange-listed stocks under a new rule approved by the Securities and Exchange Commission on Friday. The rule gives the nine ECNs access to the Intermarket Trading System, which electronically links the U.S. stock markets.
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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.
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BUSINESS
August 7, 1997 | (Bloomberg News)
Federal prosecutors were investigating whether brokerage executives bribed a New York Stock Exchange administrator into letting them employ unqualified supervisors to work at NYSE member firms, according to court documents. The U.S. attorney's office in New York is investigating whether Richard Burgess, an NYSE worker who reviews the qualifications of supervisors at the exchange's member brokerages, accepted bribes from Detroit-based Olde Financial Corp.
BUSINESS
October 2, 2013 | By Andrew Tangel
NEW YORK - King Kong climbed it. A bomber crashed into it. Now the country's most iconic building is going public. The Empire State Building is set to make its debut Wednesday on the New York Stock Exchange. And for $13 - about half the cost of a ticket to its famous observation deck - you can own a piece of the American landmark. When it was completed in 1931, the 102-story Art Deco landmark reigned as the tallest building in the world. An enduring symbol of Gotham's vertical prowess, it retained its status as the tallest skyscraper in New York City for four decades, until it was eclipsed by the old World Trade Center at the foot of Manhattan.
BUSINESS
October 23, 1995 | Times Staff and Wire Reports
Merrill Lynch Changes Policy on Small-Investor Stock Orders: The New York-based brokerage, the nation's largest, will no longer automatically route certain small-investor orders in New York Stock Exchange-listed stocks to the Pacific and Boston stock exchanges, where it has dealer operations. Instead, it will direct all its orders to a stock's primary market, meaning the market in which the stock is listed. The new arrangement will force Merrill Lynch & Co.
BUSINESS
May 5, 1989 | From Times Wire Services
The stock market recorded another small decline Thursday, continuing its weeklong pullback as traders awaited the government's monthly employment report. The Dow Jones index of 30 industrials, down 25.10 points from Monday through Wednesday, dropped 8.80 to 2,384.90. Declining issues slightly outnumbered advances in nationwide trading of New York Stock Exchange-listed stocks, with 667 up, 728 down and 555 unchanged. Volume on the floor of the Big Board came to 153.13 million shares, down from 171.69 million in the previous session.
BUSINESS
June 3, 1989 | From Times Wire Services
The stock market swept ahead to its highest level in nearly 20 months Friday, responding to employment statistics that raised hopes for an easier Federal Reserve credit policy and lower interest rates. The Dow Jones average of 30 industrials rose 27.20 to 2,517.83, topping the 2,502.02 reading of May 22 that marked its previous peak since the collapse in 1987. For the week, the average posted a net gain of 23.06. Advancing issues outnumbered declines by more than 5 to 2 in nationwide trading of New York Stock Exchange-listed stocks.
BUSINESS
May 27, 1989 | From Associated Press
The stock market closed higher with help from a stronger bond market Friday in light pre-holiday trading, overcoming profit taking that has dogged the market since the Dow Jones industrial index hit 2,500 earlier in the week. Activity tapered off through the session as many traders got an early start on the long Memorial Day weekend. The markets will be closed on Monday. The Dow industrial index rose 11.18 to 2,493.77, cutting its loss for the week to 7.33 points. Advancing issues outnumbered declines by about 5 to 2 in nationwide trading of New York Stock Exchange-listed stocks.
BUSINESS
June 17, 1989 | From Times Wire Services
The stock market moved ahead Friday in the heaviest trading volume in about five months as buyers braved the "triple witching hour." The Dow Jones index of 30 industrials rose 11.38 to 2,486.38 but lost 27.04 points from a week earlier. Gainers outnumbered losers by about 9 to 7 in nationwide trading of New York Stock Exchange-listed stocks. Volume on the floor of the Big Board came to 244.51 million shares, up from 179.48 million in the previous session. The unusually heavy volume on Wall Street reflected trades associated with the expiration of stock-index futures, index options and options on individual stocks.
BUSINESS
May 16, 1989 | From Times Wires Services
The stock market kept moving ahead Monday, following through on its strong rally at the end of last week. The Dow Jones index of 30 industrials climbed 24.19 to 2,463.89 on top of its 56.82-point jump Friday, establishing a new post-crash high for the second straight session. Advancing issues outnumbered declines by about 5 to 3 in nationwide trading of New York Stock Exchange-listed stocks, with 927 up, 576 down and 491 unchanged. Big Board volume totaled 179.35 million shares, down from 221.49 million Friday.
BUSINESS
December 20, 2012 | By Andrew Tangel
NYSE Euronext, operator of the New York Stock Exchange, has agreed to sell itself to the IntercontinentalExchange in an acquisition that would reshape Wall Street. ICE, a 12-year-old electronic exchange operator based in Atlanta, will pay $33.12 a share for NYSE Euronext in a stock-and-cash deal worth $8.2 billion. The companies announced the acquisition early Thursday, saying both of their boards or directors unanimously approved the deal. The acquisition is slated to close in the second half of 2013, pending the blessing of U.S. and European regulators and both companies' shareholders.
BUSINESS
October 28, 2012 | By Chad Terhune
The New York Stock Exchange said it plans to open for trading Monday despite the threat of disruptions as Hurricane Sandy barrels toward the East Coast. NYSE Euronext said it is "monitoring the advance of Hurricane Sandy and preparations are in place for our U.S. markets to operate normally on Monday. " A spokesman for the Nasdaq Stock Market couldn't be immediately reached. New York's major airports were preparing to shut down late Sunday and airlines were canceling hundreds of flights in and out of the area.
BUSINESS
September 14, 2012 | By Walter Hamilton, Los Angeles Times
Investors' faith in the stock market has been shaken badly in recent years, and Wall Street's latest trading snafu could further chip away at their trust. The New York Stock Exchange agreed Friday to pay $5 million to settle charges that it made stock quotes available to select customers before the general public. It was the first-ever monetary penalty against a stock exchange. The fine itself was a pittance by Wall Street standards, and professionals got the quotes by only seconds, or even fractions of a second, before everyone else.
BUSINESS
April 12, 2012 | By Walter Hamilton, Los Angeles Times
Wall Street investment firms have not had the most successful initial public offerings in recent years — and Oaktree Capital Group may be no exception. Despite being highly regarded, the Los Angeles distressed-debt manager raised less in its IPO on Wednesday than planned. The company announced that it raised $380 million by selling 8.8 million shares at $43 each. That's at the lower end of its proposed range of $43 to $46 a share, according to an earlier filing with the Securities and Exchange Commission.
BUSINESS
April 6, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — Facebook Inc. has found a home on Wall Street — Nasdaq will be listing the social networking giant's shares for its hotly anticipated stock market debut, according to Sam Hamadeh, chief executive of research firm PrivCo. No official announcement was made Thursday by the company or the stock exchange. Hamadeh said he confirmed the information with two sources close to the deal that he declined to name. The tech-heavy Nasdaq and its rival, the New York Stock Exchange, had waged a high-stakes competition to land the biggest technology initial public stock offering since Google Inc. went public in 2004.
BUSINESS
April 5, 2012 | By Tiffany Hsu, Los Angeles Times
Burger King is giving the public a bit of a closer look at its reinvention strategy with its decision to trade its shares publicly again. The hamburger giant said it would become a public company and relist its shares on the New York Stock Exchange within three months. The last time Burger King traded publicly was in 2010, when investment firm 3G Capital took it private for $3.3 billion. In a complex $1.4-billion deal, 3G said late Tuesday that it was selling a 29% stake in the Miami fast-food chain to Justice Holdings, a London acquisition company.
BUSINESS
June 10, 1989 | From Times Wire Services
Stock prices were little changed Friday as the market absorbed the news of a bigger-than-expected increase in producer prices. The Dow Jones index of 30 industrials slipped 3.49 to 2,513.42, finishing the week with a net loss of 4.41. Advancing issues and declines ran about even in nationwide trading of New York Stock Exchange-listed stocks. Big Board volume came to 173.24 million shares, down from 212.31 million Thursday. The Labor Department reported that the producer price index of finished goods rose 0.9% in May, substantially outpacing advance estimates by brokerage-firm economists.
BUSINESS
June 27, 1989 | From Times Wire Services
Stock prices closed sharply lower Monday as traders cashed in some of the gains that carried the market to new post-crash highs last week. The Dow Jones index of 30 industrials, up 49.70 points on Friday, dropped back 20.49 to 2,511.38. Declining issues outnumbered advances by about 4 to 3 in nationwide trading of New York Stock Exchange-listed stocks. Volume on the floor of the Big Board declined to 143.60 million shares from Friday's 198.72 million. The market's climb last week to new peaks since the debacle in the fall of 1987 was spurred by accumulating evidence of a slowing economy.
BUSINESS
January 20, 2012 | By Nathaniel Popper
Cy Young Award-winner Clayton Kershaw does not normally receive a warm welcome when he visits New York. On Friday, though, it was all smiles, when the Dodgers left-handed pitcher took to the floor of the New York Stock Exchange. Kershaw showed up before the markets opened and watched the ringing of the opening bell (the honor of ringing the bell had already been reserved for a company making its initial public offering). He then palled around with traders on the floor, a number of whom asked when he would be coming to play for the Mets or Yankees.
BUSINESS
January 11, 2012 | Nathaniel Popper
European regulators appear set to shoot down a controversial deal that would have seen Germany's largest stock exchange buy the New York Stock Exchange. In a video message sent to employees of the Big Board on Wednesday, the chief executive of NYSE Euronext, Duncan Niederauer, acknowledged the growing rumors that European regulators are preparing to reject the deal due to fears that the new company would violate antitrust laws. NYSE Euronext and the German exchange, the Deutsche Boerse, announced in February that the German company would acquire the New York exchange and its web of global subsidiaries in an exchange of stock.  Niederauer said Wednesday morning that he and his counterpart at the Deutsche Boerse had not received a final decision from the European Commission, but he expressed his disappointment that the combined company is being viewed as a monopoly threat.
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