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BUSINESS
By KNIGHT-RIDDER NEWS SERVICE | December 10, 1995
Even a casual observer could see that Mary Alice Brophy is about to enter a minefield.The director of compliance at Dain Bosworth in Minneapolis, Ms. Brophy, 48, last week was elected to chair the board of governors for the National Association of Securities Dealers. It's a powerful, prestigious position that commonly has been held by chief executives.And always has been held by a man.Founded in 1939, the NASD oversees both the nation's half-million securities brokers and the Nasdaq stock market, the country's second largest.
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BUSINESS
February 5, 1998
Sinclair Broadcast Group Inc. of Baltimore announced yesterday that it has agreed to sell all or part of three small television stations in New England and upstate New York to STC Broadcasting Inc. for $72 million.Sinclair Chief Financial Officer David Amy said his company is selling WPTZ of Plattsburgh, N.Y., and WNNE of Hartford, Vt., and is turning over to STC the management of WFFF of Burlington, Vt.The three stations were part of a package of six television and 24 radio stations Sinclair agreed to buy from Heritage Media Group for $630 million, a deal announced in July.
BUSINESS
By BLOOMBERG NEWS | May 25, 1999
NEW YORK -- The New York Stock Exchange may add an evening trading session as early as July, Chairman Richard Grasso said yesterday.The world's largest stock exchange had initially planned to extend hours in mid-2000 and is accelerating the change, in part, because its rivals are doing the same. The Nasdaq stock market and two private companies said they might begin evening trading in a few months.Grasso said the Big Board, which is now open from 9: 30 a.m. to 4 p.m., will add hours only if there is demand.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | April 10, 1999
USinternetworking Inc., an Annapolis company that offers business software over the Internet, has become Wall Street's latest upstart high-tech darling.In its first day of public trading yesterday, the company saw its stock zoom from an opening price of $21 to close at $57.50 on the Nasdaq market. USinternet-working was the 10th most active stock on U.S. markets, with 12.68 million shares changing hands.This near-tripling of USinternetworking's value came in spite of the fact that the company was founded just a year ago January and has yet to turn a profit.
BUSINESS
By BLOOMBERG BUSINESS NEWS | September 29, 1995
COLUMBUS, Ohio -- Checkfree Corp. shares rose as much as 27 percent yesterday as investors chased shares of the electronic commerce company, a maker of software for doing business on the Internet.Shares of the Columbus-based company, priced at $18, closed up $3.50, at $21.50, on trading of 5.6 million shares, making it the fourth-most-active issue on the Nasdaq market and seventh overall."Everyday you hear something new about the 'Net," said Iang Jeon, a money and technology analyst at Forrester Research in Cambridge, Mass.
BUSINESS
August 8, 1997
Shares of Ciena Corp. dropped more than 8 percent yesterday as more than half of the telecommunications equipment company's shares became available for public trading.More than 13 million shares changed hands, making it one of the most heavily traded shares on the Nasdaq market.About 55 million of the Linthicum-based company's more than 104 million outstanding shares were freed from a so-called lock-up agreement yesterday and became available for public trading.The company went public in February and was an immediate favorite among investors.
NEWS
April 13, 1997
Aaron Kramer, 75, a prolific poet and translator of Yiddish and German works, died Monday at his home on Long Island. He wrote several books, and edited "A Century of Yiddish Poetry," which featured his translations of the work of 135 Yiddish poets.Martin Schwarzschild, 84, an astronomer who used balloon flights to get sharper, more accurate pictures of the sun, died Thursday in Langhorne, Pa. He was an astronomy professor at Princeton University when he created Project Stratoscope, which used balloons to carry telescopes into the upper reaches of the ** atmosphere.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | April 15, 2005
NEW YORK - Nasdaq Stock Market Inc., the largest electronic marketplace, is in exclusive talks to buy Instinet, an institutional brokerage and electronic trading network partly spun off by the Reuters Group in 2001, people briefed on the talks said yesterday. Instinet has been for sale since November. It had been expected that the company, which has an electronic trading network and an institutional brokerage business, would be sold in two parts, but Nasdaq is in talks to buy the entire business for about $2.5 billion, those who were briefed said.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 1, 2000
T. Rowe Price Associates Inc. said yesterday that its stockholders approved a proposal to form a holding company called the T. Rowe Price Group. The new company will become the parent of T. Rowe Price Associates and other subsidiaries that the Baltimore-based mutual fund company operates. Shareholders approved a one-for-one stock exchange in which each share of T. Rowe Price Associates will be exchanged for each share of T. Rowe Price Group stock. The exchange is expected to take place later in the year.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | October 31, 2012
KeyW Holding Corp., a Hanover-based technology and cybersecurity firm that contracts with U.S. intelligence agencies, reported a profit increase in the third quarter that matched Wall Street analysts' expectations. The company, which delayed its earning release this week because the Nasdaq market was closed due to Superstorm Sandy, reported a $341,000 profit, or one cent per diluted share, for the quarter ending Sept. 30. Wall Street analysts had expected a one cent-per-share profit.
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