Pacific Exchange's stock operations may be sold to a private enterprise

Article Abstract:

The stock-trading business of the Pacific Exchange may be sold off to a private enterprise. The possibility of the sell off reflects changes that are taking place in securities markets all over the US. According to the conditions of a proposed merger between Pacific Exchange and the Chicago Board Options Exchange, the small stock business will be sold off. Executives are considering selling the business outright to a for-profit operation.

Comment:

Stock-trading business of the Pacific Exchange may be sold off to a private enterprise

Securities & Commodities Exchanges, Securities and Commodity Exchanges, Pacific Exchange Inc.

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Smith Corona to cut work force by 44% as part of restructuring

Article Abstract:

Smith Corona Corp. announced that it will downsize approximately 44% of its labor force and assume a charge for restructuring in an attempt to improve the company's performance. Smith Corona, a marketer and distributor of office machines and related products, also appointed a new chief finanical officer. The firm will reduce over 100 of its 225 employees in order to lower operating expenses by approximately 33%.

Comment:

To downsize approx 44% of its labor force and assume a charge for restructuring in an attempt to improve performance

Office Machinery Manufacturing, Labor force information, Typewriters & Parts, Smith Corona Corp., Typewriters

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