NYSE

8 Stories

Scarier Than CyberTerrorists? Sucky Software

Band-Aids on creaky infrastructures can hold them together for only so long

(Newser) - "Don't be scared. Don't even be worried." That was Felix Salmon's advice on Fusion after computer glitches darkened the New York Stock Exchange , took the Wall Street Journal offline, and grounded United flights . But today on Medium , Zeynep Tufekci writes that while she gets Salmon'... More »

Senator Skeptical NYSE, United Failures a Coincidence

Barbara Mikulski presses FBI chief

(Newser) - Well, today was weird. First United Airlines suffered a huge cyber glitch , and then the New York Stock Exchange . People hoping to read all about it on the Wall Street Journal found the newspaper's website down as well. Despite assurances from the powers-that-be that the failures weren't connected,... More »

Investors Love Alibaba: It Passes Facebook's Market Value

It opens 35% higher than IPO price

(Newser) - Alibaba's long-awaited debut on the New York Stock Exchange hasn't disappointed. The Chinese e-commerce behemoth opened at $92.70 per share, about 35% above its IPO price of $68, reports USA Today . The frenzied demand pushed the company's market value to $228.5 billion, ahead of even... More »

Medal of Honor Recipient Visits NYSE, Breaks Gavel

Staff Sgt. Ryan Pitts helped close down the exchange with a bang

(Newser) - On Monday, former Army Staff Sgt. Ryan Pitts walked up to President Obama, shook his hand, and humbly accepted his Medal of Honor . Obama might have gotten off lightly because yesterday Pitts used that same hand to close the New York Stock Exchange with its ceremonial gavel, and the gavel... More »

NYSE to Buy Scandal-Plagued Libor

But UK will still regulate it

(Newser) - Hey buddy, wanna buy a disgraced financial metric? Because the New York Stock Exchange does. It's struck a deal to buy Libor, the benchmark for global short-term interest rates that became synonymous in recent years with complex stories about financial skullduggery thanks to a scandal in which the world'... More »

NYSE Sells to Rival Exchange for $8.2B

Iconic 220-year-old exchange sells to competitor

(Newser) - InterContinentalExchange Inc. has agreed to buy NYSE Euronext, the company that owns the New York Stock Exchange, for $8.2 billion, the two companies announced this morning. ICE, an Atlanta-based commodity exchange, says it intends to leave the NYSE's branding alone, and would explore an IPO for Euronext, spinning... More »

NYSE Testing Hurricane Contingency Plan

And denies reports that the exchange had flooded overnight

(Newser) - As the New York Stock Exchange remains closed for a second day today, US stock exchange operators are testing a new “precautionary” contingency strategy this morning with an eye toward restarting trading again this week. The plan involves the NYSE and the smaller NYSE MKT staying closed, as the... More »

Anonymous Messes With NYSE

Tech attack on stock exchange website lasts only a minute

(Newser) - Anonymous didn't exactly "erase" the New York Stock Exchange website yesterday—but the group may have messed with it, for about a minute. Anonymous called on its supporters to launch a "distributed denial of service" attack, which overwhelms website traffic. The NYSE website slowed before becoming unavailable... More »

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