New York Stock Exchange

By Teymoor Nabili in Business on October 18th, 2009

The Economist magazine this week held its first "Buttonwood" conference, calling together the great and the good of global finance and economics to worry further about where the world is headed. (The conference title is in reference to the buttonwood tree that served as the first New York Stock Exchange.)

The conference took place against a backdrop of still-soaring stock markets and yet more declarations that the recession is over. Even Paul Krugman is admitting to a "smidgen of optimism", as industrial production puts in an unexpected surge.

By John Terrett in Business on May 28th, 2009

I spent Thursday covering the General Motors story again.

I went from live-shots for our channel at the Reuters Building in Times Square, to a GM dealership on Manhattan’s west side, back to Times Square again to interview people about whether they’d still think about buying a Chevvy or Caddy … and finally onto the New York Stock Exchange for more live reporting.

I ended the day in Harlem - but that was a micro-finance story - of which more on Saturday.

What a difference a day makes in business reporting, eh?

Twenty four hours ago GM bond holders had rejected the company’s offer to give them a a ten percent equity stake in exchange for the 27 billion dollars they’d pumped into the firm … threatening to fight for their money back through the bankruptcy courts.