US automaker bailout deal fails to pass Senate

Friday, December 12, 2008 A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote. The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that…

NYSE to merge with Archipelago; NASDAQ to buy Instinet

Sunday, April 24, 2005 New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.…

News briefs:June 1, 2010

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