New York Report: Syria pause and car sales data lift stocks September 4, 2013 U S stocks rose for a second day yesterday as a possible military action in Syria was seen as limited and strong auto sales lifted investor confidence in the US economy. The US Senate Foreign Relations Committee approved a resolution authorizing a limited U.S. military intervention in Syria, setting the stage for a debate in [...]
Nasdaq blames software bug for its three-hour trading shutdown August 29, 2013 NASDAQ OMX Group’s massive trading halt last week was due to a software bug and other internal technology issues triggered by problems at NYSE Euronext’s Arca exchange that led a key backup system to fail, the exchange operator said yesterday. Nasdaq said it was “deeply disappointed” by the three-hour outage on 22 August and while [...]
What the other papers say this morning – 29 August 2013 August 28, 2013 FINANCIAL TIMES Amazon tax fight in Supreme Court Jeff Bezos’s Amazon is taking a high-stakes legal battle to the US Supreme Court, hiring one of Washington’s most prominent lawyers Ted Olson to fight the taxation of its shoppers in New York state. Amazon wants the court to review a case about the most incendiary political [...]
New York Report: Wall Street has worst trading day since June August 27, 2013 WALL Street stocks suffered their worst day since June yesterday, slumping in a broad decline as geopolitical uncertainty rose over a possible US-led military strike by the West against Syrian President Bashar al-Assad’s forces. The S&P 500 closed under its 100-day moving average for the first time since 24 June, a sign of weak near-term [...]
BATS merger sends Nasdaq into third place August 26, 2013 EXCHANGE operators BATS Global Markets and Direct Edge confirmed their plans to merge yesterday, in the latest threat to the dominance of the New York Stock Exchange and the Nasdaq. BATS, a relative newcomer to the trading business, said its tie-up with Direct Edge will create an operator with a track record in creating “a [...]
There’s much to get the juices flowing as autumn beckons August 22, 2013 THE COMING of the August Bank Holiday traditionally heralds the end of summer and by Tuesday morning, the return to work for many of us begins. This year, the early positioning of the holiday weekend means for many there will be a few extra days off, delaying slightly the time before London becomes fully crowded [...]
New York Report: Shares close higher despite Nasdaq outage August 22, 2013 US STOCKS closed higher yesterday in a trading session marred by a historic trading halt of roughly three hours on the Nasdaq stock exchange as a result of technical problems. All traffic through Nasdaq OMX Group, the second-largest US stock exchange stopped at 12:14pm Eastern Time, the exchange said on its website. Shares in Nasdaq [...]
Trading on Nasdaq securities stopped due to technical issues August 22, 2013 US stock exchanges today stopped trading in all securities listed on the Nasdaq due to a technical issue in the data feed providing market data for Nasdaq-listed securities. Nasdaq-listed stocks represent about 28 per cent of all shares traded so far this month, according to BATS Global Markets. Companies listed on the Nasdaq include Apple, [...]
US authorities sign off $10.2bn takeover of the New York Stock Exchange August 16, 2013 The Securities and Exchange Commission has approved the $10.2bn takeover of NYSE Euronext – parent company of the New York Stock Exchange, the NYSE Arca platform and the NYSE MKT – by the IntercontinentalExchange (ICE). This approval is one of the last required before the acquisition can be closed, creating the world’s second largest exchange [...]
New York Times chairman Arthur Sulzberger sells some of his shares August 13, 2013 NEW YORK Times chairman Arthur Sulzberger Jr has sold some of his shares in the company. Sulzberger sold 50,000 Class A shares last Thursday for $600,000 (£388,020), or $12 each, according to a US Securities and Exchange Commission filing. A New York Times spokeswoman said the sale was part of Sulzberger’s normal estate-planning and represented [...]