NYSE to merge with Archipelago; NASDAQ to buy Instinet

Sunday, April 24, 2005 New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group. […]
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Mongolia’s ex-communists ahead going into Sunday’s election

Sunday, May 22, 2005 “Communism was much better,” said Tsahiriin Daariimaa Saturday on the eve of Mongolia‘s presidential elections. Polls predict that many Mongolians plan to vote for their former communist rulers — the Mongolian People’s Revolutionary Party (MPRP). Under communism, “everyone worked for the collective farm,” Daariimaa said. None of her children has a […]
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