Stephen Colbert NYSE Trading Halt

Watch Stephen Colbert’s hysterical response to the NYSE trading halt

By on July 9, 2015 at 7:30 PM.

Watch Stephen Colbert’s hysterical response to the NYSE trading halt

Yesterday, the NYSE halted trading, The Wall Street Journal went offline and United Airlines flights around the country were grounded, all within a matter of hours. Many of us were suspicious that the inconceivable timing of these mishaps might indicate foul play, but the New York Stock Exchange was quick to release a statement ensuring us that there had not been a cyberattack.

A few hours later, everything went back online and the world kept spinning, but sadly, future talk show host Stephen Colbert had already gone off the deep end.

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United Airlines Flights NYSE Trading Suspended

Do They Think We’re Idiots? Officals Say No Indication that NYSE Trading Halt is a Cyberattack

By on July 8, 2015 at 12:22 PM.

Do They Think We’re Idiots? Officals Say No Indication that NYSE Trading Halt is a Cyberattack

The New York Stock Exchange has been shut down after reports from earlier this morning indicated the exchange was having technical difficulties processing orders. Despite this, the Department of Homeland Security has issued a statement saying that there are no indications that this is part of a cyberattack, although they also haven’t put out any statement about what the actual problem might be. More →

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Blockbuster to be delisted from the NYSE

By on July 3, 2010 at 11:30 AM.

Blockbuster to be delisted from the NYSE

Blockbuster-store

Blockbuster continues its downward spiral as it has been suspended from trading and forced to delist from the NYSE effective next Wednesday. Currently trading at $0.18 per share, Blockbuster failed to win majority stockholder approval last week for a reverse stock split that would have brought its stock above the $1 threshold and back in compliance with the NYSE. In a move that delays any immediate bankruptcy proceedings, Blockbuster was given a one-month reprieve on debt payments that the movie rental giant failed to pay on July 1st. The creditors, which hold nearly $440 million of Blockbuster’s whopping $920 million of debt, agreed to postpone any “remedies” until August 13th. In the upcoming weeks, Blockbuster is hoping to negotiate with partners to get a quick infusion of cash by possibly converting some bondholders to equity investors. This quick fix may be a little too little, a little too late and may only delay the inevitable bankruptcy as Blockbuster shows no signs of becoming profitable in the foreseeable future. More →

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Circuit City to close 20% of its stores [UPDATED]

By on November 3, 2008 at 7:46 AM.

Circuit City to close 20% of its stores [UPDATED]

circuit city closing

Plagued by sluggish sales and a dreadfully low stock price, Circuit City has been in a downward spiral. Last week it was a notice of non-compliance from the NYSE threatening to remove the listing because its stock has been sitting at well below $1.00 for more than a month. This week it is the inevitable cutbacks which have taken the form of layoffs and store closings. According to the Consumerist website, Circuit City is set to announce the closing of 155 stores nationwide today, which is about 20% of its entire retail chain. Many stores held emergency meetings over the weekend to discuss the potential closings and reorganization of the company. According to letters handed out to employees at stores that are slated for closing, all employees will be terminated on or before December 31st, 2008, possibly without any form of severance pay. Dreadful news for Circuit City employees. A list of stores that are on the chopping block has not been publicly released but rumors suggest that those stores set to close are no longer appearing on Circuit City’s store locator. More details about liquidation sales and a full list of stores that are closing should be coming later today – our condolences in advance to everyone affected by this terrible news.

[Via The Consumerist]

UPDATE: The official release just hit, along the closure list and some more info. Again, we can’t express enough how sorry we are for those affected – best of luck to you all.

[Thanks, Juan]

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