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Companies team for technologies
NEW YORK, March 29 (UPI) -- Marshall Carter, formerly with the State Street Corp., is the top candidate to become chairman of the New York Stock Exchange, the Wall Street Journal said.
If selected, the 64-year-old Carter would succeed John Reed, who is stepping down next month. The decision by the NYSE board, expected by April 7, would put the former bank executive with extensive Washington contacts at the helm of the Big Board at a pivotal time in its 212-year history. The Journal reported.
The NYSE wants regulatory approval of a new system with more electronic trading. The not-for-profit exchange is also weighing a shift to for-profit status that some view as a precursor to going public, the Journal said.
Reed joined the exchange as interim chairman in the tumultuous days after the September 2003 ouster of former NYSE Chairman Dick Grasso, whose huge pay package sparked a public outcry.
Reed revamped the board's structure, split the jobs of chairman and chief executive and agreed to be paid only $1 for his services.
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ASHGABAT, Turkmenistan, May 23 (UPI) --
The signing of a deal for a multilateral natural gas pipeline from Turkmenistan is a milestone in regional economic affairs, an Indian minister said.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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