(JoelZimmer)

NYSE: Four-Hour Blackout Caused By Software Upgrade

After a few updates yesterday citing a technical issue as the reason behind an almost four-hour blackout on its trading floor, the New York Stock Exchange is adding new information about the incident, blaming it on a software upgrade. [More]

(JoelZimmer)

Trading Resumes On Floor Of New York Stock Exchange [Update]

UPDATE 2: The New York Stock Exchanged reopened today shortly after 3 p.m. ET and resumed floor trading. [More]

How Much Is A Company That Knows All About Your Financial Behavior Worth? Turns Out A Lot.

How Much Is A Company That Knows All About Your Financial Behavior Worth? Turns Out A Lot.

It’s no secret that consumer financial data is valuable: it determines if you get better rates on loans and allows lenders to predict the likelihood you’ll pay back debts. While we can’t necessarily put a price tag on that data (yet), we now know that one of the largest companies to collect that information is worth a bundle – 4 billion bundles, in fact. [More]

NYSE Will Delist Radio Shack Even Sooner Than Anticipated

NYSE Will Delist Radio Shack Even Sooner Than Anticipated

Earlier today, Bloomberg News cited two unnamed sources who said that doomed electronics retailer RadioShack was in talks with Sprint to sell about half of its 4,300 retail locations to the mobile phone company and close the rest. After sending the company a letter warning that it could be delisted, the New York Stock Exchange has now started the process to kick the company off the exchange. [More]

NYSE Thinking About Chucking $1 Rule

NYSE Thinking About Chucking $1 Rule

The New York Stock Exchange is thinking about getting rid of the pesky rule that your company’s stock needs to trade above $1 for it to remain listed. [Yahoo! Finance] (Photo: woodendesigner)