Advertisement
HomeCollectionsNasdaq Market
IN THE NEWS

Nasdaq Market

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.
Advertisement
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.
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 Liz Bowie and Liz Bowie,SUN STAFF | November 28, 1996
Cosmetic Center Inc. signed a definitive agreement with Revlon Inc. yesterday to merge with a subsidiary of the New York-based cosmetics giant.Prestige Fragrance & Cosmetics Inc. will be merged into Cosmetic Center Inc., which will retain its name.The two companies signed a letter of intent Oct. 1.The Savage-based Cosmetic Center operates 68 specialty retail stores in the mid-Atlantic region and Illinois, and distributes mass-merchandised cosmetics."The merger provides us with a broader geographical presence," said Bruce Strohl, chief financial officer of Cosmetic Center.
BUSINESS
March 3, 1998
Intersolv Inc., a Rockville-based software development firm, said yesterday that it has acquired SQL Software Ltd.Intersolv took over SQL in return for approximately 1.3 million shares of Intersolv common stock. The deal was valued at about $20 million.Intersolv, which was founded in 1982, helps companies develop specialized software.SQL, based in Hertford, England, crafts customized software assembly processes."It's an area we were not involved in, and the market's really young," said Intersolv President and Chief Executive Officer Gary Greenfield.
BUSINESS
By From Staff Reports | March 16, 1994
Prime Retail Inc. of Baltimore said yesterday that it plans to go public next week in an offering of common and preferred stock.Friedman, Billings, Ramsey & Co., the underwriter, will offer 2.5 million shares of Prime Retail common stock at $19 a share, 2 million shares of 10.5 percent Series A Senior Cumulative Preferred Stock at $25 a share and 6.1 million shares of its 8.5 percent Series B Cumulative Participating Convertible Preferred Stock at a...
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.
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.
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.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.