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Word: instinet (lookup in dictionary) (lookup stats)
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...which owns acts like Britney Spears, exercised a "put" option that forced Bertelsmann to buy. Jacking Up Fiat Signaling major restructuring ahead, Fiat CEO Paolo Cantarella resigned. He was replaced by Paolo Fresco, who learned his management style under Jack Welch at General Electric. No Trade Is An Island Instinet, a unit of British media group Reuters, will buy rival electronic-trading firm Island for $508 million in stock. The deal combines NASDAQ's two biggest rivals. French Attack Shares in MobilCom fell 46% to ?7.25 when France Telecom said it was severing relations with the German phone operator...

Author: /time Magazine | Title: The Next New Thing? The Old Economy | 6/16/2002 | See Source »

...Overall, retail sales fell 4.5 percent for the month through Dec. 22 compared with the comparable period in November, Instinet Research's Redbook report said Wednesday. And Instinet had a glummer view of the past week, pegging the week's sales at a 0.6 percent drop (still an improvement from the 1.1 percent decline of the previous week...

Author: /time Magazine | Title: Retailers Set Sale For a Post-Christmas Clean-up | 12/26/2001 | See Source »

After 4 o'clock, the trading werewolves come out, and the propensity to be picked off is way too great for all but the most daring. How can I be so sure? Because for years I have traded after hours using an Instinet machine. That system matches up institutional buyers and sellers when the formal exchanges are closed. Now, when it comes to trading I try to be a true boy scout. But I cannot tell you how often I have seen remarkably prescient buying and clairvoyant selling in after-hours trading. Stocks jangle up and down...

Author: /time Magazine | Title: Afraid of the Dark | 6/7/1999 | See Source »

AFTER HOURS Talk about bad market timing. Just as SEC chairman Arthur Levitt was warning last week about the dangers of online trading, Instinet--the network that lets brokerages and mutual funds trade stocks after the closing bell--said it would soon afford retail investors the same privilege. Before long, sleep-deprived traders in their pajamas should be clicking trades through cyberspace all night long, potentially saving money by having their trades executed faster. Retail investors will still route their trades to Instinet through brokers--online and otherwise--but they'll be able to react to late-breaking news. Both...

Author: /time Magazine | Title: Your Money: May 17, 1999 | 5/17/1999 | See Source »

...news of the best prices on the electronically traded market. As a result of the investigation, Nasdaq was formally censured by the SEC and ordered to provide more oversight of dealers. The new rules require dealers to offer their customers better prices often available on electronic trading services like Instinet Corp. Customers are hailing the reforms as groundbreaking changes, the like of which have not been seen at the Nasdaq since the 1970's. The rules will save investors money (while cutting dealer profit margins), both by lowering fees and eliminating price-fixing. The reforms, instituted over howls of protest...

Author: /time Magazine | Title: Taking Stock At Nasdaq | 8/28/1996 | See Source »

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