Global markets plunge

Friday, October 10, 2008 Stock markets across the world have fallen sharply with several seeing the biggest drop in their history. Asian markets saw the biggest sell-off. The Nikkei dropped 9.62% to reach a 20 year low. Japan also saw a collapse of a mid-size insurance company, Yamato Life Insurance Company, which declared bankruptcy. The…

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:August 02, 2010

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Home-invaders pose as NYC police

Monday, July 16, 2007 In two separate incidents, men posing as members of the New York Police Department (NYPD), have invaded homes in the New York City area. In both cases, they robbed the residents, but in the most recent, they sexually assaulted a woman. On Saturday, July 14, at 1:09 a.m. EDT (UTC-4), four…

SEPTA buys rail cars from NJ Transit to deal with crowding

Tuesday, July 29, 2008 As gas prices have risen in the United States, the regional transport authority for southeastern Pennsylvania, SEPTA, has seen a sharp increase in ridership, which has caused overcrowding on the trains. “As fuel prices have continued to rise, SEPTA ridership has steadily increased and is the highest in 18 years,” said…

Early reports indicate massive blizzard to strike northeastern portions of US late Thursday

Thursday, January 2, 2014 Early media reports today indicate experts are predicting a massive blizzard to hit the northeastern United States late this evening. Such storms, coloquially called “Nor’easters”, often wreak havoc across cities and smaller towns. The storm itself may ultimately stretch across 22 states, potentially effecting about one-third of the country’s population. The…