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BUSINESS
October 1, 1999 | Bloomberg News
The New York Stock Exchange, in its quarterly setting of "circuit breakers" designed to avert a market meltdown, left the level of decline that would trigger a temporary trading halt in U.S. equity markets unchanged. Circuit breakers are tied to drops in the Dow Jones industrial average. The point levels for tripping them are set quarterly by using the average closing level of the Dow for the previous month, rounded to the nearest 50 points.
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BUSINESS
October 13, 1999 | DAVAN MAHARAJ, TIMES STAFF WRITER
In the nation's largest-ever trademark infringement award, a Los Angeles jury Tuesday ordered pharmaceutical giant Pfizer Inc. to pay a British company $143 million for stealing the Trovan name to market its controversial antibiotic. Legal experts called the verdict "staggering," saying it raises the stakes for companies that deliberately infringe other companies' trademarks. Jurors said Pfizer, the second-largest U.S.
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.
BUSINESS
November 11, 2011 | Times wire services
Viacom Inc., the owner of MTV Networks and Paramount studios, said it would transfer its stock listing to Nasdaq from the New York Stock Exchange to save on expenses. Its Class B shares will trade under ticker symbol VIAB and its Class A voting shares will trade under VIA, the company said Friday. A listing at Nasdaq, owned by Nasdaq OMX Group Inc., will be "more cost effective," Viacom said. Viacom, based in New York, reported fourth-quarter profit Thursday that exceeded analysts' estimates and added $6 billion for stock buybacks.
BUSINESS
December 6, 1996 | Times Staff and Wire Reports
The New York Stock Exchange, under pressure from the Securities and Exchange Commission, agreed to expand by about 40% the circuit breakers that automatically halt trading when the market falls sharply. The NYSE board agreed to halt trading for a half-hour when the Dow Jones industrial average falls 350 points in one day, and for an hour when it falls 550 points. The current trigger points are 250 points and 400 points.
BUSINESS
May 11, 1999 | DEBORA VRANA, TIMES STAFF WRITER
Sue Herera and Maria Bartiromo are two of the best-known faces in financial journalism, a world once dominated by white men in suits. Both women, in recent interviews, expressed their thoughts on the stock market, the booming demand for business news and their ever-busier lives. Sue Herera, 41, grew up in Brentwood. Her father was a shoe wholesaler and her mother a homemaker.
BUSINESS
January 10, 2008 | From Times Wire Services
Another stock exchange merger may be brewing: NYSE Euronext Inc., parent of the New York Stock Exchange, is in talks to acquire the smaller American Stock Exchange, the Wall Street Journal reported on its website. The Amex has struggled for years to retain stock listings and trading business in "put" and "call" options on stocks. Once owned by the Nasdaq Stock Market, the Amex has been independent since 2004. Officials from NYSE Euronext declined to comment. Amex officials didn't respond to calls.
BUSINESS
April 7, 2000 | Reuters
The New York Stock Exchange said Thursday it will make a series of sweeping changes in the way it trades stocks to keep pace with the fast-changing landscape of the securities industry. But the exchange nixed the idea of creating a centralized "book" where all buy and sell orders for U.S. stocks would be sent. The changes, detailed in a report adopted by the NYSE's board, will automate more extensively the operations of the NYSE.
BUSINESS
February 4, 2006 | From Bloomberg News
The securities industry's main lobbying groups want the New York Stock Exchange to include brokerage firm executives on the board of its regulatory unit once it becomes a for-profit company. The NYSE is about to transform into a public company from a member-owned, not-for-profit institution through its purchase of Archipelago Holdings Inc., a Chicago-based electronic market.
BUSINESS
November 24, 2005 | From Reuters
The New York Stock Exchange's deal to buy electronic trading company Archipelago Holdings Inc. is fair to NYSE seat holders, according to a fresh valuation of the deal by Citigroup Inc., the exchange said Wednesday. Citigroup also said it valued the planned combination of the companies at $5.1 billion to $6.2 billion, depending on which methodology is used -- far below the more than $9-billion valuation implied by Archipelago's closing stock price Wednesday of $58.50 a share.
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