latest news releases from the newsroom
NASDAQ OMX Introduces NASDAQ Basic -- a Faster, Lower Cost Alternative to NASDAQ Level I
NEW YORK, April 1, 2009 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.(sm) (Nasdaq:NDAQ) today introduced NASDAQ Basic, a real-time product that provides customers essential quote and trade data for all U.S. exchange-listed securities in an affordable and flexible manner. NASDAQ Basic data is based on trading on NASDAQ(r), the most liquid market for all U.S.-listed equity securities.
Global Financial Crisis Triggers U.S. Filings According to PricewaterhouseCoopers 2008 Securities Litigation Study
NEW YORK, April 1, 2009 (GLOBE NEWSWIRE) -- Companies will face increasing scrutiny in 2009 as the global financial crisis continues to transform the financial services industry and necessitates a reengineering of future regulation according to the annual PricewaterhouseCoopers Securities Litigation study released today. Fuelled by the financial crisis, U.S. federal securities class actions continued to climb, and jumped to 210 in 2008, an increase from 163 case filings in 2007. This represents a 29 percent increase over last year and an increase of approximately 15 percent over the average number of filings (182) since the enactment of the Private Securities Litigation Reform Act (PSLRA) in 1995.
Avantair Adds Great Exuma, Bahamas to Its Primary Service Area
CLEARWATER, Fla., April 1, 2009 (GLOBE NEWSWIRE) -- Avantair Inc. (OTCBB:AAIR), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, announced today that it has added Great Exuma, Bahamas to its Primary Service Area. Through its partnership with Grand Isle Resort and Spa, a golf and oceanfront beach resort located in Great Exuma, Avantair will offer its existing owners an exclusive discounted rate on accommodations at the Grand Isle Resort and Spa. In addition, for a limited time, Avantair is offering an "Island Getaway" package including accommodations at Grand Isle Resort and Spa for any person who purchases an Avantair Edge time card or Axis Club Membership.