Phila. exchange board to vote on merger, moving options

Article Abstract:

Directors of the Philadelphia Stock Exchange are expected to vote on a preliminary plan that would move the exchange's options business to the New York area, while giving its smaller stock-trading floor a long-shot chance to remain in Philadelphia indefinitely. Directors expect the plan to endorsed by the 21 member board, but the plan would still have to be ratified by two-thirds of the exchange's 505 members in vote that would take place no sooner than February.

Securities and Commodity Exchanges, Strategy & planning, Stock Options, Philadelphia Stock Exchange, Philadelphia Stock Exchange Inc.

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Computer firms seek looser export rules

Article Abstract:

The Computer Coalition for Responsible Exports is lobbying Congress and the White House for relaxation of the restrictions now in place on the exportation of computers. The Coalition, which represents 11 companies, contends that it is unreasonable to require government approval to export computers that can process data speeds above 2 billion Theoretical operations per second (TOPS).

Electronic Computer Manufacturing, Computers & Auxiliary Equip, International economic relations

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SEC rules clamp down on options

Article Abstract:

The author examines new Security and Exchange rules on the requirement of stockholder approval before granting executive stock options.

Investor Relations, Finance & Stockholder Relations, Management Compensation, Stockholder Relations, United States. Securities and Exchange Commission

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