Sunday, April 24, 2005

New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.

Archipelago and Instinet are innovative e-trading (electronic trading) companies, and formerly were the two largest American rivals to NYSE and NASDAQ, in recent years taking increasingly large portions of their market share. The Securities and Exchange Commission (SEC) and other regulatory agencies still have to review and approve the transactions, particularly with respect to US securities law and antitrust law, in order to ensure that the marketplace remains lawful and competitive.

Other pending issues for NASDAQ include obtaining the approval of Instinet shareholders, as well as customary closing conditions. NYSE must obtain the approval of its members and Archipelago shareholders.

These changes, a reaction to increased e-trading competition and a changed regulatory environment, will result in NASDAQ and NYSE trading each other’s shares and attempting to grab market share, which many hope will drive down transaction costs and ultimately benefit consumers. However, at least one commentator, Dan Ackman writing in Forbes, has noted that the trading commission at the NYSE currently averages less than a nickel (US$0.05) per share, and was less enthusiastic about potential efficiency gains from electronic trading at the exchange.

The transactions are also intended to make the two leading American stock exchanges more globally competitive with such exchanges as the London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Australian Stock Exchange located in Sydney.

Friday, September 23, 2016

The following is the fourth edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: the vice presidential nominee of the Reform Party is revealed; those attacked in a high profile campaign speech respond; and Wikinews interviews an economist seeking the presidency a second time.

Wednesday, February 3, 2010

A compilation of brief news reports for Wednesday, February 3, 2010.

The Nigerian man accused of trying to blow up a Detroit-bound jetliner on Christmas day with hidden explosives is cooperating with investigators and providing fresh intelligence after the U.S. enlisted the help of his family, an administration official said. His family persuaded him to cooperate.

Umar Farouk Abdulmutallab has been providing information to Federal Bureau of Investigation agents questioning him, the official told reporters on the condition of anonymity.

The official declined to provide details on what kind of information Abdulmutallab was providing.

Related news

• “Failed bomb aboard Delta flight” — Wikinews, December 26, 2009

Sources

• Evan Perez. “Abdulmutallab Resumes Talking to Federal Agents” — The Wall Street Journal, February 2, 2010
• “Bomb plot accused ‘co-operating'” — UKPA, February 2, 2010

One person died and 41 were injured, including three nurses who are critically injured, in a major fire at Park Healthcare Hospital in Somajiguda, a suburb of the Indian city Hyderabad, on Tuesday morning.

The fire engulfed a major portion of the five-storey hospital’s first floor, along with some medical equipment and furniture on the other floors.

City police commissioner A K Khan said that a criminal case had been registered against the hospital management. “It is also being determined whether safety standards were followed by the hospital,” he said.

Sources

• “Major fire at city hospital; one patient dead” — The Hindu, February 2, 2010
• “Major fire at Hyderabad hospital; one patient dead” — PTI, February 2, 2010

Chinese authorities say they are preparing to launch a crackdown on melamine-laced milk after the scandal over tainted products, which made hundreds of thousands of children ill two years ago and damaged China’s brand reputation overseas, resurfaced.

China has dispatched inspectors to sixteen provinces to urge local governments to thoroughly investigate cases concerning food safety.

The decision comes after milk products tainted with the industrial chemical melamine were removed from sale in Shanghai and the provinces of Shaanxi, Shandong, Liaoning and Hebei, the state-run Xinhua News Agency said.

Related news

• “Contaminated baby’s milk induces wave of child illness in China” — Wikinews, September 22, 2008

Sources

• Edward Wong. “China Begins Emergency Check of Dairy Products” — The New York Times, February 2, 2010
• Cara Anna. “Beijing begins emergency sweep for tainted milk products” — The Boston Globe, February 3, 2010

At least twenty-six people have been killed in Karachi, Pakistan after four days of ethnic killings, according to police officials. The officials said that nine people were killed on Monday in the city’s Orangi western neighbourhood, which has a majority ethnic Pashtun community.

The Sindh government has awarded special powers to the Pakistan Rangers under Section 5 of the Anti-Terrorism Act 1997 and imposed Section 144 in the limits of 26 police stations for a month.

At least forty people were killed as ethnic clashes erupted across the city in early January.Home minister of Sindh province, Dr Zulfiqar Mirza has called upon the Army to restore peace and order.

Sources

• Salis bin Perwaiz. “Rangers given control of 26 police stations” — The News International, February 3, 2010
• “Deadly ethnic violence hits Karachi” — Al Jazeera, February 2, 2010
• Zamir Sheikh and Nisar Mehdi. “Army asked to take over Karachi” — The Nation, February 3, 2010

The time is 18:00 (UTC) on July 4th, 2006, and this is Audio Wikinews News Briefs.

[edit]

Warning: The information on this page may be incorrect and/or outdated. Don’t trust it.

Information about the world’s markets index, no longer maintained.

• Forex Gold Index: $424.30/barrel, $0.80

• 1 US Dollar (US$):

= STG£0.5349 = €0.7727 = ¥106.4000

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= STG£0.6923 = $1.2942 = ¥137.6900

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= US$1.8694 = €1.4443 = ¥198.8550

• 1 Japanese Yen (¥)

= STG£0.0050 = $0.0094 = €0.0073

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• Market Data/Energy

Thursday, October 22, 2020

2020 Melbourne Lord Mayor candidate Wayne Tseng answered some questions about his campaign for the upcoming election from Wikinews. The Lord Mayor election in the Australian city is scheduled to take place this week.

Tseng runs a firm called eTranslate, which helps software developers to make the software available to the users. In the candidate’s questionnaire, Tseng said eTranslate had led to him working with all three tiers of the government. He previously belonged to the Australian Liberal Party, but has left since then, to run for mayorship as an independent candidate.

Tseng is of Chinese descent, having moved to Australia with his parents from Vietnam. Graduated in Brisbane, Tseng received his PhD in Melbourne and has been living in the city, he told Wikinews. Tseng also formed Chinese Precinct Chamber of Commerce, an organisation responsible for many “community bond building initiatives”, the Lord Mayor candidate told Wikinews.

Tseng discussed his plans for leading Melbourne, recovering from COVID-19, and “Democracy 2.0” to ensure concerns of minorities in the city were also heard. Tseng also focused on the importance of the multi-culture aspect and talked about making Melbourne the capital of the aboriginals. Tseng also explained why he thinks Melbourne is poised to be a world city by 2030.

Tseng’s deputy Lord Mayor candidate Gricol Yang is a Commercial Banker and works for ANZ Banking Group.

Currently, Sally Capp is the Lord Mayor of Melbourne, the Victorian capital. Capp was elected as an interim Lord Mayor in mid-2018 after the former Lord Mayor Robert Doyle resigned from his position after sexual assault allegations. Doyle served as the Lord Mayor of Melbourne for almost a decade since 2008.

Tuesday, February 3, 2009

A six-pound infant born in San Francisco, California has six perfectly formed and functional fingers and toes on his hands and feet, so that it isn’t considered a disability or deformity, say doctors at Saint Luke’s Hospital who were amazed by the oddity.

In a medical rarity, super baby Kamani Hubbard was born two weeks ago with 24 working digits. He is healthy and home with his parents in Daly City, California. Polydactyly, a congenital disorder is not uncommon in humans and animals, including cats, but to happen on both hands and feet is a rare hereditary condition.

“Nurses and doctors, looked so normal they couldn’t tell, they told me he was six pounds in good health, that was all they said,” said Miryoki Gross, Hubbard’s mother. Her baby’s specialness didn’t even show up on prenatal ultrasounds. “I heard nothing before I gave birth so I’m still in shock, kinda,” Gross added. Despite the mother’s shock, Kamani’s father, Kris, was the first to notice the condition.

Polydactyly (from Ancient Greek means ‘?????’ (polus) or “many” + ‘????????’ (daktulos) “finger[s]”), also known as polydactylism, sexdactyly, hexadactyly, or hexadactylism, is a congenital physical disorder consisting of supernumerary fingers or toes.

In Kamani’s case, however, all of the digits are perfectly formed and function or work normally. “I was in amazement, it took a little time for me to take it all in,” said Kris, a postal worker, who has a family history of polydactylism, but none of his relatives can remember it happening on both hands and feet.

Mostly, cases of polydactyly are surgically corrected. Kris himself had nubs of sixth digits, which were removed during his early childhood, for having been non-functional. “My son has six fingers then I saw toes, and I thought, this is quite unique. Some family members have had six fingers, not completely developed. But not the toes,” Kris noted.

“I would be tempted to leave those fingers in place. I realize children would tease each other over the slightest things, and having extra digits on each hand is more than slight. But imagine what sort of a pianist a 12-fingered person would be imagine what sort of a flamenco guitarist, if nothing else think of their typing skills,” Dr. Treece remarked.

“I just want him to see what greatness will be in store for him,” said Kris.

Fully developed and functional extra digits on both hands and feet are considered very rare as a genetic trait in medical history, amid some partial development of an extra digit occurs about twice in every 1,000 white male births. Ordinarily, polydactylism appears as an extra piece of non-functional tissue, typically occurring as an extra finger, sometimes with a bone, but no joint.

“It’s merely an interesting and beautiful variation rather than a worrisome thing,” said Dr. Michael Treece, a St. Luke’s Hospital pediatrician, and the OBGYN who delivered Kamani. He has postaxial polydactyly, which is 10 times more likely to occur in black children, and also more likely to appear in boys.

Goliath, a figure in Old Testament, was depicted as having had six fingers on each hand and six toes on each foot.

Blues guitarist Hound Dog Taylor, Get Carter, Little Tich, Toyotomi Hideyoshi and several other figures in history have had polydactyly. Sid Wilson, a turntablist of Slipknot, had been born with an extra finger and toe on his hands and feet which were removed shortly after his birth as doctors considered them to be dead.