Word: nasdaq
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Street Creds: Chartered Financial Analyst; President of Investment Company of America; Chairman of The Growth Fund of America; on board of Huntington Memorial Hospital, Westridge School and KCET Public Television, Los Angeles; former member of board of directors of NASDAQ and National Association of Securities Dealers...
...estate - even personal belongings. About 300,000 French citizens and residents are subject to it, and it causes some talented taxpayers to flee. Take entrepreneur Denis Payre. In 1990, he co-founded a French software company called Business Objects. The company quickly took off, and was listed on the nasdaq in 1994. By 1997, Payre was looking to withdraw from the day-to-day business. "I had to travel around the world constantly, and I had married and wanted to get to know my kids," he says. That's when the troubles started. As long as he was actively managing...
...Growth Fund of America and Fundamental Investors, in addition to his post as president and director of the Capital Research and Management Company. He was also the governor of the National Association of Securities Dealers from 1996 to 2002, and was a member of the board of directors of NASDAQ from...
...inefficiency. "There's a great deal of time and energy wasted," says Princeton University economist Alan Krueger, who has studied ticket prices. But an upstart business, StubHub.com which was launched near the end of the Internet boom, may yet succeed in changing this landscape. The site is a NASDAQ for tickets, and unlike eBay, StubHub guarantees the transaction and thus a seat. Its home page directs you to concerts, sports or theater events, and after its program crunches the credit-card numbers and finalizes a trade, the ticket seller receives an air bill with the buyer's address. StubHub tracks...
...stock market polished off a dazzling 2003 last week as the Dow Jones industrials, the S&P 500 and the NASDAQ composite all ended the year in solidly positive territory for the first time since 1999. Most market strategists are looking forward to another finish in the black in 2004, but many warn that by midyear, stock prices may start losing steam as the tax-cut stimulus effect wears off--especially if the Fed raises interest rates. As the economy continues to grow, the fear of inflation--or the thing itself--could also dampen stock prices. A few market watchers...