July 4, 2006
Due to a production error, part of the New York Stock Exchange weekly listing was left out of Saturday's Business section. The listings that were left out appear today on page 6. The Sun regrets the problem and is taking steps to avoid a recurrence.
September 22, 2003
MUCH AS IT has for more than 200 years, the New York Stock Exchange opens this morning for trading. But these days, a new era also opens for the Big Board -- one demanding not only new leadership but a new governance structure. The NYSE has long been the blue-chip brand among America's and the world's stock markets, the last eight years under the very public leadership of its now fallen chairman, Richard A. Grasso. Last week, on the two-year anniversary of his finest hour -- when the Big Board reopened just four trading days after the 9/11 attacks on its very doorstep -- Mr. Grasso resigned.
September 18, 2003
Richard Grasso Resigns. The New York Stock Exchange fashions itself as the global symbol of capitalism. But now, the controversy over Richard Grasso and the ousted chairman's pay package has the storied institution itself under fire. The board pushed Grasso out yesterday less than a month after the disclosure of his $140 million pay package - but only after pressure continued to mount. Tuesday, managers of the nation's three largest pension funds, including California's Public Employees Retirement System, joined the chorus demanding that Grasso step down.
June 28, 2003
WASHINGTON - The Securities and Exchange Commission will approve rules requiring companies that trade on U.S. stock markets to get shareholder approval for stock-compensation plans, people familiar with the proposal said yesterday. The requirements will be included in listing standards that the SEC plans to approve Monday for companies that trade on the New York Stock Exchange, the Nasdaq stock market and other U.S. exchanges, the sources said. The new rules would let shareholders reject option packages and other stock compensation awarded to executives by company boards.
March 21, 2003
More than 16 million shares of McCormick & Co. Inc.'s stock changed hands yesterday after the company and Standard & Poor's announced that the spice maker would become a part of the S&P 500 index. The stock, which joined the index after yesterday's closing bell, typically trades between 300,000 and 500,000 shares a day. It was among the 10 most active stocks on the New York Stock Exchange yesterday. Shares rose 46 cents, or 1.83 percent, to close at $25.58. The Sparks-based company, which was previously on the S&P MidCap 400 Index, called the change a milestone.
July 9, 2002
THE ANTIDOTE for what ails America's stock markets is earnings - that is, actual profits and honest corporate reporting on those profits. Sooner or later, America's fundamentally strong economy will deliver sufficient earnings to reignite Wall Street, but that won't wash if trust in those numbers' accuracy remains shaken. This week, Congress and President Bush are set to attack the corporate abuses that have thoroughly undermined investors' confidence. Mr. Bush's speech today on Wall Street could be a watershed for his presidency, his party and the economy, one in which he has the opportunity to transcend the GOP's 20-year deregulation drive and his own history of questionable stock deals.