exchange

Even The Big Board appears to agree that the IPO business is in trouble. After turning down a similar rule change in December, the Securities and Exchange Commission on Wednesday OK’d an application from the New York Stock Exchange to change how direct listings can be done on the country’s largest ticker temple. Companies looking …

Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering with the Securities and Exchange Commission, setting the stage for one of the marquee stock market debuts of the year. The number of shares to be offered and the price range for the IPO have not yet been determined, the company …

Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …

The Securities and Exchange Commission is probing Kodak’s handling of material information about the startup pharmaceutical business it’s launching with the help of Uncle Sam.  According to the Wall Street Journal, the regulator is examining whether Kodak jumped the gun on a July 28 announcement that it had received a $765 million federal loan to …

The credit cycle drives the business, or trade, cycle. It should be obvious that changes in the quantity of money, mostly in the form of bank credit, have an effect on business conditions. Indeed, that is why central banks implement a monetary policy. By increasing the quantity of money in circulation and by encouraging the banks …

Federal officials say a convicted felon with mob ties and his wife fraudulently raised more than half a billion dollars from investors for their company, which loaned cash to small businesses at interest rates as high as 400 percent. Convicted felon Joseph LaForte, who goes by the name Joe Mack, and his wife Lisa McElhone …

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Gov. Andrew Cuomo rang the opening bell at the New York Stock Exchange Tuesday as brokers returned to its iconic trading floor for the first time in two months. The Democratic governor kicked off the first day of in-person trading at 11 Wall St. since the floor’s longest-ever closure began on March 23. “In the …

The New York Stock Exchange is set to reopen its iconic trading floor Tuesday with new safety measures in place to ward off the coronavirus. The partial reopening will bring an end to the floor’s longest closure ever. It shut down more than two months ago on March 23 after some staffers tested positive for …

The Nasdaq Stock Market notified the Chinese cafe chain Luckin Coffee that it plans to delist it from the U.S. stock exchange, the company said Tuesday. The Listing Qualifications Staff cited two reasons in their written notice for the decision to delist, the company said in a regulatory filing, including “public interest concerns” related to …