November 22, 2000 |
"Short" sellers--traders who believe stock prices are going lower--continued to raise their bets in that direction in the 30 days ended Nov. 15, the New York Stock Exchange said Tuesday. The number of NYSE shares sold short rose to a record 4.59 billion as of Nov. 15, up 2.1%, or 96.6 million shares, from mid-October, the exchange said. On the tiny American Stock Exchange, the number of shares sold short jumped 5.3% to 212.9 million shares in the same period, Amex said.
October 7, 1994 |
The New York Stock Exchange named its current president, Richard Grasso, as chairman Thursday. He will succeed William Donaldson, who said in July that he would not seek a second four-year term. Grasso, 48, was passed over for the top spot in 1991, when Donaldson, now 63, was selected. The promotion of Grasso is seen as a radical departure for the exchange. Grasso has spent his entire 27-year career at the exchange and never graduated from college.
October 1, 1999 |
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.
October 11, 2008 |
As Wall Street yo-yoed through another day of breathless ups and downs, a pall of dejection and despair hung over the august New York Stock Exchange, the epicenter of the country's economic malaise. Harried traders frantically tried to recover from a week of spiraling losses, emerging grim-faced outside the exchange's imposing marble facade to puff on cigarettes. The sense of powerlessness was palpable. "It's hell -- what do you think?"
October 13, 1999 |
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.
October 30, 2012 |
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.
November 11, 2011 |
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.
December 6, 1996 |
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.
May 11, 1999 |
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.
January 10, 2008 |
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.