TITLE

Europe flees US as new rules bite hard

PUB. DATE
August 2007
SOURCE
ICIS Chemical Business;8/20/2007, Vol. 272 Issue 7, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that some European companies are intending to delist from the New York Stock Exchange. BASF, Ciba Specialty Chemicals, Rhodia, ICI, Akzo Nobel are planning to cut down on costs. The chemical producers are said to be aiming to counter costs associated with the highly prescriptive U.S. financial reporting rules for corporates, and are ready to maintain their levels of disclosure to the U.S. investors willing to trade American Depositary Receipts in the over-the-counter market.
ACCESSION #
26519041

 

Related Articles

  • IP to Stop Trading Shares in Europe.  // Official Board Markets;11/15/2008, Vol. 84 Issue 46, p14 

    The article announces that the International Paper Co. has initiated the process of voluntarily delisting the company's common stock from the Euronext Amsterdam and Swiss stock exchanges due to extremely low trading volumes on these exchanges in Memphis, Tennessee. Accordingly, the shares will...

  • Company delistings on NYSE, Nasdaq head toward peak. Potkewitz, Hilary // Crain's New York Business;2/2/2009, Vol. 25 Issue 5, p4 

    The article reports that companies are being delisted at the highest rates in five years at the New York Stock Exchange and the Nasdaq, as fleeing investors trample the prices of several stocks to levels below the minimums for trading. Shrinking listings have taken a toll on exchanges' own...

  • Directory describes 4,754 significant new products introduced by 652 firms.  // Marketing News;2/28/1975, Vol. 8 Issue 16, p8 

    Reports that more than 4,750 products were introduced in "The 1974-75 New Product Directory of N.Y.S.E. Listed Companies." Comparison with the previous comparable period; Description made by its publisher, Marketing Development on the directory; Number of products introduced by the top 51...

  • Foreign Firms Listing In The U.S.: Signaling Commitment To The U.S. Market. Kruse, Timothy; Webb, Michael; Webb, Shelly // International Business & Economics Research Journal;Dec2011, Vol. 10 Issue 12, p107 

    We hypothesize that the cost associated with the listing decision -- including the greater scrutiny of U.S. investors -- signals the depth of the firm's commitment to the U.S. market to potential business partners and employees, providing a form of bonding that is directed within the U.S. Firms...

  • Grupo Salinas To Delist.  // Business Mexico;Jul2005, Vol. 15 Issue 7, p8 

    The article reports that shareholders of Grupo Salinas companies TV Azteca, Elektra and Iusacell have been voted unanimously to delist from the New York Stock Exchange. The decision is part of the legal strategy devised by Ricardo Salinas Pliego, the majority owner of the companies. Salinas and...

  • Financial Reporting by Japanese Firms on the NYSE: An Analysis of Linguistic Content. Schroeder, Nicholas; Aggarwal, Raj; Gibson, Charles // Management International Review (MIR);1991, Vol. 31 Issue 3, p233 

    This paper reports on the linguistic characteristics of English language narrative disclosure in the financial statements of Japanese firms whose stock is traded on the New York Stock Exchange. U.S. firms were matched with the Japanese firms in order to compare the vocabulary, grammar, sentence...

  • In Search of the Perfect Marketplace. Wine, Elizabeth // Treasury & Risk Management;Feb2006, Vol. 16 Issue 2, p10 

    The article reports that New York Stock Exchange is opening its electronic Big Board to small and midsize companies with a corresponding listing fee. According to a business specialist, NYSE list can lift the standing of smaller companies by exposing them to analysts, bankers and investors, and...

  • NAVISTAR A LOOSE PILLAR OF THE NYSE. Tita, Bob // Crain's Chicago Business;1/8/2007, Vol. 30 Issue 2, p4 

    The article reports that the threat of Navistar International Corp. being dismissed off the New York Stock Exchange (NYSE) has led to an increase in investor buying. Though Navistar's shares dropped 8% in the days following NYSE's announcement, the stock closed at $35.28 on January 5, 2007, 3%...

  • Trader's big exchange. Elstein, Aaron // Crain's New York Business;12/11/2006, Vol. 22 Issue 50, p37 

    The article discusses the career change of Robert McCooey, a veteran from the New York Stock Exchange (NYSE), New York. He has joined NYSE's archrival, Nasdaq Stock Market. According to McCooey, he knows the NYSE very well and wants to use his knowledge to help Nasdaq. He worked with NYSE for...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics