October 22, 2010
Encorium Group Inc., a Wayne clinical research company, said its stock was delisted from the Nasdaq stock market, effective today, because it did not meet the minimum $2.5 million stockholder-equity requirement. As of June 30, its stockholder equity was minus-$620,000. Stockholder equity is a company's net worth after all liabilities. The shares immediately began trading on the electronic over-the-counter pink sheets, which have lower listing requirements. The ticker symbol will remain ENCO.
January 25, 2013 |
NEW YORK - A sharp drop in Apple's stock pulled the Nasdaq down with it after the tech giant warned of weaker sales. Other stock-market indexes eked out slight gains. Apple sank $63.50 to $430.50. With iPhone sales hitting a plateau and no new products to introduce, Apple said sales would likely increase just 7 percent in the current quarter. That's a letdown for a company that has regularly posted growth rates above 50 percent. The Standard & Poor's 500 index edged up 0.01 of a point to 1,494.82.
March 1, 2012 |
The Nasdaq composite index briefly broke through 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago. Stocks ended lower, but it was still the best February on Wall Street in 14 years. The milestone for the Nasdaq, heavy with technology stocks, came a day after the Dow Jones industrial average closed above 13,000 for the first time since May 2008. The Nasdaq last hit 3,000 on Dec. 13, 2000. Its last close above 3,000 was two days earlier.
January 6, 2000 |
A key market strategist said yesterday that the Nasdaq composite index, dominated by technology stocks, will continue its upward climb for most of 2000. The index, which recovered yesterday from its battering on Tuesday, will continue to encounter rough-going until early next month. But the longer-term prognosis is good for the rest of 2000. "The balance of 2000 looks good for the sector," said Andrew Barrett, technology equity strategist for Salomon Smith Barney. Yesterday, the Dow Jones industrials closed sharply higher.
April 26, 2012
WASHINGTON - A Pentagon official signaled on Wednesday that the Army could lay off as many as 24,000 enlisted personnel and up to 5,000 officers within five years to meet a projected reduction in the force driven by budget cuts and the winding down of two wars. Pressed on the possibility of involuntary terminations, Thomas Lamont, an assistant secretary of the Army, told a Senate Armed Services panel that layoffs were possible as the Army shrinks from a peak of 570,000 to 490,000.
May 31, 2007 |
Verticalnet Inc. says it has received a letter from Nasdaq saying the Malvern company is subject to delisting for failing to meet certain capital and net-income requirements. Nasdaq wrote May 23 that Verticalnet needed to maintain minimum stockholder equity of $2.5 million, a market value of $35 million for listed securities, or $500,000 in net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
January 28, 1995 |
Another area savings bank finished making the transition from a mutual to a stock form of ownership this week, giving its initial investors some modest reasons to smile at the results. The newly issued stock of First Keystone Federal Savings Bank, based in Media, rose as much as 5 percent in its first two days of trading on the Nasdaq exchange, hitting a high of $10.50 per share. The stock closed yesterday at $10.50. Depositors and others who bought the stock in the initial public offering paid $10 a share.
April 21, 2012 |
NEW YORK — Stronger profits from Microsoft, McDonald's and other major U.S. corporations pushed stocks higher Friday. Optimism from Europe helped brighten the mood. Before the market opened, McDonald's posted better quarterly profits, buoyed by warm weather and sales of new menu items such as Chicken McBites and oatmeal. Sales picked up even in Europe, McDonald's' biggest market, despite economic turmoil and severe weather. Microsoft beat analysts' projections with quarterly earnings and revenue, and sales in its Windows division were surprisingly strong.
January 2, 2000 |
What's next, Nasdaq 10,000? It seems a reasonable question for Wall Street bulls to ask about a stock-market index that since 1995 has powered past the 1,000, 2,000, 3,000 and, as of Wednesday, 4,000 barriers as if it were the Concorde on a rush flight to Paris. Others urge caution, but their warnings are muffled by the market's big gains. It was, of course, the standard-bearer Dow Jones industrial average - not the Nasdaq - that first closed above 10,000 in March and 11,000 in May. But for those who believe that investors are witnessing the creation of a new digital economy, the Nasdaq, fueled by technology stocks, could continue to outrun the Dow well into 2000.
April 4, 2000 |
A swift decline in shares of Microsoft Corp. slammed the Nasdaq composite index down 349.15 points yesterday for the biggest-ever point drop since the index began in 1971. The close, at 4,223.68, was a 7.6 percent drop, the fifth-worst percentage drop ever. But what was bad for the tech-heavy Nasdaq was good for other market measures as investors shifted money out of technology stocks and into more traditional companies such as J.P. Morgan & Co., American Express Co., and Wal-Mart Stores Inc. The Dow Jones industrial average gained 300.01 points, closing at 11,221.