YOU ARE HERE: LAT HomeCollectionsStock Exchanges

Stock Exchanges

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.
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.
June 29, 2011 | Reuters
The London and Toronto stock exchanges have abandoned plans for a $3.4-billion tie-up, leaving both in play in a world facing a wave of exchange consolidation. The failure of the bid from the London Stock Exchange for TMX Group opens the door to a hostile offer for the operator of the Toronto Stock Exchange from Canada's Maple Group consortium, a made-in-Canada alternative to a takeover that would have put a big domestic asset in foreign hands. It also turns the spotlight on the London Stock Exchange as a target as exchanges consolidate to grow and broaden their geographic reach, as well as to fight off rivals and new market entrants.
February 14, 2011 | By Tom Petruno, Los Angeles Times
New York's senior U.S. senator wants assurance that a merger between the New York Stock Exchange and Germany's Deutsche Boerse would keep "New York" first in the combined parent company's name. Sen. Charles E. Schumer said Sunday that although there were "a number of things to like" about the potential combination, the name of the new entity could be a deal breaker for him. "It is totally logical to keep the NYSE name first," Schumer, a Democrat, said in a statement. "If for some reason, the Germans sought an alternative option, it could be an indication that they are trying to wield an upper hand in the new company and would seek to make other business decisions that could go against New York.
June 25, 2010 | By Roger Vincent, Los Angeles Times
The stock of Hudson Pacific Properties Inc., a real estate investment trust founded by Los Angeles investor Victor Coleman, closed up 2.4% from its initial offering price in its first day of trading on the New York Stock Exchange. The company, based in West Los Angeles, said it priced its shares at $17 apiece and raised $210.5 million after fees in its initial public offering. Shares closed Thursday at $17.40. Hudson Pacific, which trades under the ticker symbol HPP, said it intends to use the proceeds to repay mortgage debt, to fund acquisitions and for general corporate and working capital purposes.
May 10, 2010 | By Jim Puzzanghera, Los Angeles Times
The leaders of six major financial exchanges agreed in principle Monday to strengthen so-called circuit breakers that halt fast-falling electronic trading and help prevent market nose dives, the Securities and Exchange Commission said. The announcement came after a day of high-level meetings in Washington and ahead of an emergency congressional hearing Tuesday as regulators and lawmakers try to avoid a repeat of last Thursday's rapid plunge that briefly left the Dow Jones industrial average down nearly 1,000 points.
May 5, 2010 | By David Pierson, Los Angeles Times
China's leading stock exchange continued its long slide Tuesday, tumbling to its lowest close in seven months after the central government introduced another measure over the weekend to try to slow the nation's surging economy. The Shanghai composite index, which was closed Monday for Labor Day , fell 1.2% in response to a central-bank announcement Sunday that it would require Chinese banks to increase the amount of capital they hold in reserve, the third such increase this year.
March 15, 2010 | By Tina Susman
KISS guitarist Paul Stanley fluffed his thick, shaggy hair as bassist Gene Simmons fidgeted in the background, their eyes looped in black makeup, faces painted chalky white. As the seconds counted down to 4 p.m., Stanley leaned on the green button in front of him. "Clang, clang, clang!" went the bell as the clock struck the top of the hour. Flap, flap, flap went Simmons' famous tongue, stretching to the tip of his chin and back again. "Bang!" went the gavel, which Stanley brought down with a thud.
March 11, 2009 | Raed Rafei
Syria launched its first stock exchange in decades Tuesday in a bid to upgrade its financial system and attract much-needed foreign investment to its growing economy. The country, which is seeking to privatize its once heavily state-owned economy and draw new investments into its ailing public sector, is shifting from decades of socialist policies toward a more market-oriented system.
Los Angeles Times Articles