Cross-border stock trading likely in South America
Investors in Chile, Brazil and Mexico may start trading stocks in each other’s markets next year under a proposal that would also allow cross-border public offerings.
September 8, 2007
The Saudi bourse is to reduce stock trading commissions by 20% and allow dealers to negotiate further discounts, reported Gulf News. These changes are the first since the appointment of a new chief regulator last month and have been made in a bid to restore confidence following the recent crash.
Ex-State Street CEO in Line for NYSE Post
Marshall N. Carter, former chairman and chief executive officer of State Street Corp., is the top candidate to become chairman of the New York Stock Exchange, according to sources close to the situation.
West Corporation Founders Adopt 10b5-1 Trading Plan
West Corporation announced today that Gary L. West and Mary E. West, the co- founders and majority stockholders of the Company, have adopted a pre-arranged sales plan to sell shares of West Corporation stock in order to diversify a portion of their holdings.
