New York: Major US stock exchanges expect to reopen on Wednesday after Sandy, the worst storm to hit New York in nearly 75 years, closed trading for two days. NYSE Euronext said the New York Stock Exchange would open as usual, although it was prepared to switch to fully electronic trading if necessary. Nasdaq OMX's Nasdaq Stock Market was also to be operating on Wednesday, as were BATS and Direct Edge Exchanges.
"We have a green light," the chief operating officer of NYSE Euronext, Larry Leibowitz, said in an interview. All of the US stock market operators took part in coordinated testing on Tuesday for trading on NYSE's backup system, should it need to be used. The exercise was also aimed at allowing member trading firms, many of which are operating on backup systems themselves due to complications from the storm, an opportunity to make sure they are ready for Wednesday.
At least 30 people were killed and millions have been left without power after Sandy slammed into the East Coast on Monday. The storm shut down most businesses in Manhattan and caused a rare flooding of the subway tunnels, which is expected to keep the system closed for several days. US exchanges originally had planned to open markets on Monday, but they eventually responded to pressure from firms worried about employee safety, as well as the inability to see markets function effectively at light staffing. It was the first time in 27 years that exchanges closed because
08:15 AM, Oct 31, 2012
New Delhi: Prime Minister Manmohan Singh on Saturday spoke at the Conference on Economic Growth in Asia and Changes of Corporate Environment at the Vigyan Bhawan in New Delhi. Here is the full text of his address: "It is indeed a privilege to address this distinguished gathering of legal experts and scholars from fourteen countries of Asia that all share common aspirations for improving the lives of their citizens. I...
01:08 PM, Sep 22, 2012
Mumbai: The BSE on Thursday said it has been ranked third in the world in terms of number of index options contracts traded. On YTD (year-till-date) basis, the country's premier stock exchange finds place in the top five exchanges globally, according to July 2012 data released by the World Federation of Exchanges (WFE). Further data from WFE puts BSE at the 19th position for July 2012 and 17th on YTD...
08:20 PM, Aug 23, 2012
WI A have made six changes for their three-match ODIs against India A starting this Wednesday in Grenada. ...
01:51 PM, Jun 27, 2012
New York: Facebook is letting its nearly 1 billion users vote on changes to its privacy policy beginning on Friday. This is the second time Facebook Inc. is letting users vote on policy changes. The first time was in 2009 when Facebook was a much smaller, privately held company with about 200 million users. The vote is over updates the company announced in May, a week before its initial public...
10:59 AM, Jun 02, 2012
New York: Websites of exchange operators Nasdaq and BATS have been attacked by hackers over the last 24 hours, causing ongoing disruptions for those trying to use the sites, spokespersons for the companies said on Tuesday. Only the banner carrying the logo at the top of the web page for www.nasdaq.com was visible during repeated attempts to access Nasdaq's site on Tuesday afternoon. Trading in Nasdaq-listed stocks has not been...
08:25 AM, Feb 15, 2012
San Francisco: A consumer watchdog group is suing the Federal Trade Commission in an attempt to prevent Google from making sweeping changes to its privacy policies next month. The planned revisions would enable Google Inc. to bundle the personal information gathered by its Internet search engine and other services, such as Gmail, YouTube and Plus, so the company can gain a better understanding of its users and potentially sell more...
11:47 AM, Feb 09, 2012
Berlin: Facebook Inc. has agreed to make several changes to its services to improve transparency and better protect the personal data of its millions of users outside of the US, following an in-depth audit of its international headquarters that was released Wednesday. The social media company, based in Palo Alto, California, agreed to changes including asking European users if they wanted to partake in its Facial Recognition, reworking its policies...
11:02 AM, Dec 23, 2011
CAT 2011 is quite a departure from previous years' CAT. CAT in its new avatar has only two sections (instead of 3 or 4 sections in the previous years' CAT) with sectional timings and a defined order of sections. The first section will be Quantitative Ability & Data Interpretation (QA & DI), followed by the second section, which is Verbal Ability & Logical Reasoning (VA & LR), each section having...
01:16 PM, Sep 23, 2011
London: A Briton sent an email to his football buddy about his ex-girlfriend: "Feel free to pursue, yes, she is HOT!". But, he accidentally copied her into the email exchange that has now gone viral. Harry Fildes sent the email to his football mate Sebastian Marsh that it was fine to pursue his hot ex-girlfriend Jenni Palmer, the Telegraph reported on Wednesday. He then accidentally copied it to Palmer, who...
03:15 PM, Mar 31, 2011
New Delhi: China has played the Kashmir card once again by objecting to the inclusion of Indian Army's Northern Command Chief Lt Gen BS Jaswal in a delegation, saying the officer oversees Jammu and Kashmir which according to Beijing is a disputed area. China government on Friday asked India to replace Lt Gen Jaswal from the official delegation. New Delhi has refused to make any changes in the delegation. In...
08:40 AM, Aug 27, 2010
The actor has joined the campaign to save planet earth. ...
12:43 AM, Mar 29, 2009
The new measures are aimed at reducing America's dependence on foreign oil. ...
09:49 PM, Jan 30, 2009
Johannesburg: Record books don't lie, said South Africa coach Corrie van Zyl while reminding India of their rather unimpressive past performances here as the battle of wits continued between the two sides ahead of the Test series starting on Thursday. India are the world's number one Test side but van Zyl said they just need to look at the record books to know what an enormous task awaits them here....
01:31 AM, Nov 16, 2007
BIFR has asked the stock exchanges to lift the suspension on trading of the ailing tyre major Dunlop India Ltd. ...
09:51 PM, Mar 18, 2007
