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Wikinews:Briefs/Business/December 8, 2005

< Wikinews:Briefs | Business

Thursday, December 8, 2005

These are some short blurbs about current events in the business world.

New York Stock Exchange to merge with Archipelago Holdings

 
New York Stock Exchange

The 213 year old New York Stock Exchange voted to merge with Archipelago Holdings Inc. The merger will change the NYSE from a non-profit organization into a for-profit publicly traded company. About 90 percent of the 1,366 members of the NYSE's board voted, with 95 percent voting in favor of the merger. The new company will be named NYSE Group Inc. with the symbol NYX.

Sources

Mexican illegal immigrants had jobs in home country

 
U.S.-Mexican border

Most of the estimated 6.3 million Mexican illegal immigrants who have crossed the U.S.-Mexican border had jobs back in Mexico according to a survey by the Pew Hispanic Center. "Thus, failure to find work at home does not seem to be the primary reason that the estimated 6.3 million undocumented migrants from Mexico have come to the U.S. Policies aimed at reducing migration pressures by improving economic conditions in Mexico may also need to address factors such as wages, job quality, long-term prospects, and perceptions of opportunity," the survey authors wrote. The Center surveyed 4,836 Mexicans showing that only 5 percent who had been in the United States for two years or less were jobless in Mexico. The survey was conducted in Spanish at Mexican consulates in 7 US cities over 7 months. The survey reported that new crossovers are less likely to work on a farm. Most modern crossovers work in construction, hospitals, and manufacturing.

Sources

 

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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