Business Desk

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

The New York Sun
NY Sun
NEW YORK SUN CONTRIBUTOR

FINANCIAL SECTOR
NYSE, NASD Unveil Plan To Unite Policing Duties

The New York Stock Exchange and the National Association of Securities Dealers unveiled a long-awaited plan to combine their brokerage-firm policing duties, handing a victory to Wall Street critics who had argued that the current regulatory apparatus is rife with unnecessary duplication. The NASD and the Big Board’s parent, NYSE Group Inc., said in a statement yesterday morning that they have signed a letter of intent to form a new self-regulatory organization, or SRO, “that will be the private-sector regulator for all securities brokers and dealers doing business with the public in the United States.” The new regulator will be carved out from the NASD and NYSE Regulation, which now act as the two big cops on the Wall Street beat, under oversight from the Securities and Exchange Commission, which still needs to approve the plan.

— Dow Jones Newswires

Apple Shares Rise After Holiday Forecast

SAN FRANCISCO — Shares of Apple Computer Inc. rose to a record after analysts said faster Macintosh computers and low-priced iPod players will spur holiday sales, and that a new music phone may buoy revenue next year. Mac and iPod shipments may reach record highs this quarter, said a UBS AG analyst, Benjamin Reitzes, who yesterday raised his profit estimate for the period to 80 cents a share from 78 cents. Analysts on average expect 77 cents. He foresees Mac sales of 1.8 million units and iPod sales of 16.6 million.

— Bloomberg News

TECHNOLOGY

Google Strikes Content-Sharing Deal

Google Inc. said yesterday that it has struck a content-sharing deal with two organizations to partly settle a dispute in Belgium over news articles available through the Internet search engine. But Google still faces a bid by Belgian newspapers — spearheaded by copyright protection society Copiepresse — to get the company to pull the news content unless it paid the newspapers or received their permission. A judge for the Brussels-based Court of First Instance said she would deliver her verdict in early January.

— Associated Press

NY Sun
NEW YORK SUN CONTRIBUTOR

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.


The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use