Stock Trading - SEC Approves Merger Of NYSE, Archipelago
SEC Approves Merger Of NYSE, Archipelago
The Securities and Exchange Commission yesterday cleared the way for the New York Stock Exchange to merge with electronic trader Archipelago Holdings Inc., giving final approval to a deal that will make the NYSE a publicly traded company and end its 213-year history as a member-owned exchange.
Kathleen Day
Court Blocks DOD's New Rules for Workers
A federal judge blocked the Defense Department from implementing much of its new personnel system yesterday, handing the Bush administration a major setback in its efforts to streamline work rules and install pay-for-performance systems in federal workplaces.
Christopher Lee
AmeriCorps Civilian Program Faces $22 Million Budget Cut
President Bush, who embraced AmeriCorps as part of his "compassionate conservative" agenda in 2001, now wants to shut down a part of the national service program that his administration has deemed "ineffective."
Christopher Lee
Gaz de France to Acquire Energy, Water Supplier
PARIS — State-backed Gaz de France SA is buying French energy and water supplier Suez SA for more than $46 billion in cash and stock, seeking to fend off a possible bid for Suez by Italy's biggest power company, Enel SpA.
Laurence Frost
Senate Draft on Lobbying Clamps Down on Earmarks
The Senate Rules Committee plans today to draft legislation that would make it harder for lawmakers to win narrowly focused appropriations and tax breaks called earmarks and to compel lawmakers to quickly disclose any meals they accept from lobbyists.
Jeffrey H. Birnbaum
Against Toyota, GM Needs to Mind the Gap
Auto racing isn't about just the car and the driver. If you've got to haul around a ton of stuff and the other guy doesn't, it's hard to be competitive.
Allan Sloan
OSHA Sets Limit on Workplace Chromium
Capping more than a decade of legal wrangling, the government announced yesterday new and controversial limits on workplace exposures to airborne particles of hexavalent chromium, a cancer-causing metal.
Rick Weiss
The Flap Over Wind Power
The Interior Department's Fish and Wildlife Service thought it would be a breeze to get interested parties together earlier this month to work out some kinks in its guidelines on how to build wind turbines with minimal harm to bats and birds.
Cindy Skrzycki
Coast Guard Saw 'Intelligence Gaps' on Ports
The U.S. Coast Guard, in charge of reviewing security at ports operated by a Dubai maritime company, warned the Bush administration it could not rule out that the company's assets could be used for terrorist operations, according to a document released yesterday by a Senate committee.
Jonathan Weisman
New-Home Sales Fell 5% in Jan.
Home builders across the country have been advertising thousands of dollars in incentives to would-be buyers this winter, but it looks like shoppers have not been swayed.
Sandra Fleishman
Two Koreas Learn to Work as One
KAESONG, North Korea, Feb. 27 — Inside a modern new industrial park two-thirds the size of Manhattan, hundreds of North Korean textile workers kept heads down and eyes focused Monday as South Korean managers patrolled the assembly lines.
Anthony Faiola
Giant-Stop & Shop CEO Plans to Retire
The chief executive who was charged with overseeing the merger of Giant Food and Stop & Shop announced his retirement yesterday at the age of 52, but neither he nor company officials offered an explanation for his departure.
Ylan Q. Mui
Home Improvement Boosts the Markets
The Standard & Poor's 500 stock average climbed to its highest point in almost five years today as investors cheered the performance of the Lowe's home improvement chain and shrugged off other, more negative, news about housing.
Jerry Knight