SEC proposes new rules for credit rating industry, considers ban on 'flash orders'September 17th, 2009 SEC proposes new rules for credit rating agenciesWASHINGTON — Regulators have proposed rules to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed banning "flash orders," which give some traders a split-second edge in buying or selling stocks.
Thomson Reuters gets UK court approval for shares removal from London Stock ExchangeAugust 25th, 2009 UK court approves Thomson Reuters London delistingNEW YORK — Thomson Reuters Corp. said Tuesday that a UK court removed the last hurdle to pulling its shares from the London Stock Exchange and the Nasdaq.
Correction: Meltdown 101 Q&A on flash ordersAugust 20th, 2009 Correction: Meltdown 101 Q&A on flash ordersNEW YORK — In an Aug. 13 Q&A about a stock trading service called "flash orders," The Associated Press, relying on a news release, reported erroneously that the exchange Direct Edge ECN LLC planned to stop offering the orders.
Meltdown 101: What are Wall Street's 'flash orders,' and why are they going away?August 13th, 2009 Meltdown 101: 'Flash orders' on Wall StreetNEW YORK — A practice that gives some traders a split-second advantage in buying or selling stocks is on its way toward extinction. In recent weeks, the practice of executing "flash orders" has become a hot-button political topic amid ongoing questions about transparency and fairness on Wall Street.
FAA tells operators to install automatic fuel pump shut-off system on Boeing 767sAugust 6th, 2009 FAA orders safety changes to Boeing 767 fuel tanksWASHINGTON — Federal regulators on Wednesday ordered operators to make safety adjustments to the fuel tanks of more than 400 Boeing 767s registered in the U.S. in order to prevent a devastating midflight explosion.
Exchange operator Nasdaq to voluntarily eliminate flash order offering Sept. 1August 6th, 2009 Nasdaq to stop offering flash trading Sept. 1NEW YORK — The operator of the Nasdaq stock market said Thursday it will stop a practice that gives some brokerages a split-second advantage in buying or selling stocks.
Securities and Exchange Commission takes steps toward banning flash ordersAugust 4th, 2009 SEC moving toward banning flash ordersNEW YORK — The Securities and Exchange Commission is moving toward banning a trading practice that gives some brokerages a split-second advantage in buying or selling stocks. SEC Chairwoman Mary Schapiro said in a statement Tuesday that the agency is working to create a rule to ban the trades known as flash orders.
Police: Melee breaks out during ransom exchange with purported kidnappers in ConnecticutAugust 3rd, 2009 Conn. police: Melee breaks out at ransom exchangeGREENWICH, Conn. — Greenwich, Conn., police say a family that was asked to pay a ransom to free three immigrant relatives showed up with baseball bats instead, sparking a melee involving 19 people.
Sen. Schumer warns SEC that it must curb high-speed traders' flash order advantageJuly 25th, 2009 Schumer wants to curb traders' flash ordersSen. Charles Schumer, D-N.Y., has asked federal securities regulators to crack down on a high-speed computing advantage that large financial firms have over other investors.
Par Pharmaceutical offering $150 million in mix of stock, warrantsJune 19th, 2009 Par announces mixed offering for $150 millionNEW YORK — Par Pharmaceutical Cos. said Friday it is selling up to $150 million in a mixed shelf offering and plans to use the proceeds for general corporate purposes.
Offshore casino deadlock: Operators, Goa officials to meetJune 16th, 2009 PANAJI - Representatives of the offshore casino operators and the Goa government's ports department will meet Wednesday, in an attempt to break the deadlock between the two parties as the operators refused to move anchor from the Mandovi river. In a hearing at the Panaji bench of the Bombay High Court Tuesday, the offshore casino operators however conceded, that they would be willing to park their vessels along either bank of the river, in order to ensure that the river's navigation channel is not obstructed.
Supreme Court will decide battle between Shell Oil and gas station operatorsJune 15th, 2009 Court steps into dispute between Shell, stationsWASHINGTON — The Supreme Court is stepping into a dispute between Shell Oil Co. and gas station operators who claim the oil company tried to drive them out of business.
Barnes Group, Popular, CPK, Oxford Industries among big market movers WednesdayJune 11th, 2009 Barnes Group, Popular, CPK are big moversNEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
McAfee Inc., down 52 cents at $40.05
The security software company agreed to detail subscription terms and pay penalties in a settlement with New York's attorney general. Citigroup Inc., up 7 cents at $3.48
The troubled bank launched a series of public exchange offers that will effectively give the government a 34 percent stake.
Nasdaq OMX Group's 1st-quarter profit falls to $94M, operating profit beats estimatesMay 8th, 2009 Nasdaq OMX Group 1Q profit slides 22 percentNEW YORK — Stock exchange operator Nasdaq OMX Group says its first-quarter profit fell 22 percent compared with the year-ago quarter when it booked hefty foreign exchange contract gains. The global exchange operator said Thursday it earned $94 million, or 44 cents per share, in the three months ended March 31.
Forest Service closing caves, mines on federal lands to control spread of bat fungusMay 1st, 2009 Forest Service closes caves to stop bat fungusCHARLESTON, W.Va. — The U.S.
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