NYSE under fire for governance conflicts and bias
A Council of Institutional Investors report faults the New York Stock Exchange for conflicts of interest among board members and staff amid a mix of not for profit status and for profit activities. The 48 page study calls for stronger governance, more disclosure of ties to SIC and DTC, and for the board to meet listed company standards. The NYSE defends reforms and accuses the group of bias while preparing member votes on recommendations.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
The
Council of Institutional Investors
Exchange
OPEC keeps oil output steady amid Iraq uncertainty
OPEC in Vienna kept daily crude output at 25.4 million barrels and warned of possible cuts later this year as Iraq’s security problems slow its exports. Analysts say little immediate impact on gasoline prices. market remains well supplied with near top of price range.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
Organization of Petroleum Exporting Countries
Iraq
Abdullah bin Hamad Al-Attiyah
U.S
New York Mercantile Exchange
London
North Sea
International Petroleum Exchange
United States
Edward Morse
Hess Energy Trading Co
New York
Saddam Hussein
Peter Gignoux
Salomon Smith Barney
United reports record loss in second quarter
United Airlines posted a 623 million dollar net loss for the April to June quarter, larger than any other U.S. carrier, with revenues down 18 percent. Excluding 300 million in government aid and bankruptcy items, the loss was 476 million dollars.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
U.S
United
Elk Grove Township
Iraq
Glenn Tilton
UAL Corp
Ray Neidl
Blaylock & Partners
Also Mentioned on This Page
NYSE
Ann Yerger
Council
CII
Sarah Teslik
Grasso
America
Cll
Securities Industry Automation Corp
Depository Trust Clearing Corp
Farah Aljsbury
Alamo
California
Walune
SAUNA
Verizon Wireless Communications
Garbundale
East Main Street
Marion
de Young
Verizonwireless.com
RAM Telecom
Micinurulolectronics
Homestead
Bening Communica
RadioShack
Bestnetwork
Verizon Wireless
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