Stocks start decimal trade today

Article Abstract:

The New York Stock Exchange will begin trading all stocks on Jan 29, 2001 in dollars and cents instead of fractions. The change will put a lot of strain on trading professionals on the exchange floor who trade about $44 billion in stocks daily and are used to calling out bids at a machine-gun pace in 1/16th increments. Trading for some of the exchange's 3,500 stocks may also be slower and more volatile for the first few days as floor brokers and specialists try to adjust to the new spreads between what buyers and sellers are willing to pay.

Securities and Commodity Exchanges, Strategy & planning, New York, New York Stock Exchange, New York Stock Exchange Inc.

---

Chapter 11 latest step for Enron

Article Abstract:

Enron became one of the largest companies in US history to file for bankruptcy. The company also launched a lawsuit against Dynegy for backing out of the merger agreement.

United States, Legal issues & crime, Organizational history, Natural Gas Processing, Natural Gas Liquid Extraction, Natural Gas Distribution, Natural gas liquids, Gas transmission and distribution, Gas Transmissn & Distributn, Gas industry, Enron Corp., ENE, Dynegy Inc., DYN

---

Similar abstracts:

• Abstracts: Nasdaq suffers another big hit. Once-valuable options are now worthless. Wireless trading arrives, but with strings attrached
• Abstracts: Firestone, other tire giants start safety push. Phone still rules takeout. Uneasy retailers need a little Christmas - now
• Abstracts: Retail therapist. Retail therapy. Strictly mallroom
• Abstracts: Markets rally on buying binge. No joy in techville; shares strike out
• Abstracts: 'Software gap' solution: tools and technology. Microsoft's profit report beats Wall St. estimates. Unused PC Power to RunGrid for Unraveling Disease

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.