LYCOS RETRIEVER
New York Stock Exchange: Companies
built 656 days ago
The Exchange created an 'Unlisted Department' through which shares were traded until a company qualified for regular listing (the department was abolished in 1910). On December 15, 1886, the exchange traded a record 1.2 million shares. When trading volume reached three million shares in April of 1901, plans were drafted for expanded offices. Completed in 1903, the new Exchange building was designed by George B. Post in the classical-revival manner. To embellish the white marble facade, J.A. Ward sculpted the figures of 'Integrity Protecting the Works of Man.'
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LONDON, NEW YORK and SHANGHAI, China, Nov. 21 /PRNewswire-FirstCall/ -- The Bank of New York Mellon Corporation and Western Securities have signed an agreement to establish a joint venture fund management company in China. The new company, which will be called BNY Mellon Western Fund Management and owned 51 percent by Western Securities and 49 percent by The Bank of New York Mellon, will be headquartered in Shanghai and is expected to launch in 2008, subject to regulatory approvals.
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The Bank of New York and Mellon Financial announced plans to merge in December 2006, and shareholders of each company overwhelmingly approved the transaction in May. The company has annual revenues of approximately US$13 billion and pro-forma market capitalization of approximately US$50 billion. The company is headquartered in New York and has 40,000 employees around the world.
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XShares Advisors LLC, a financial services company based in New York, is the creator of the HealthShares(TM) family of 20 Exchange Traded Funds (ETFs), of which 19 are currently trading. HealthShares(TM) ETFs are organized into therapeutic 'Verticals' and represent specific areas of the healthcare, life science and biotechnology industries. Each Vertical addresses a distinct sub-segment of healthcare, such as the diagnosis and treatment of specific therapeutic areas (e.g. cardiology, cancer, infectious disease, etc.) and the development of medical devices (e.g. orthopedic repair, cardio devices, etc.).
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Well, at least one public New York e-commerce company is happy about the stock-market turmoil. NYSE Euronext capitalized on yesterday's 340 point freefall/moonshot to announce that it had set a volume record:
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Sybase CEO John Chen (left, from Sybase.Com) got to ring the bell opening trading at the New York Stock Exchange yesterday, celebrating his company's 20th birthday.He almost didn't make it. Sybase was lagging in the database business for a long time. Tags: Databases, Linux, open source, Sybase Inc., Sybase Adaptive Server Enterprise Blog posts 2004-12-01
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