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The article presents an update related to small capitalization stocks as of August 2008. Ambac Financial increased $1.27, or 50%, to $3.79, on the New York Stock Exchange, after settling one of its biggest collateralized-debt obligations. Semiconductor company Conexant Systems increased 71 cents, or 15%, to 5.48, after also boosting its revenue outlook. Brush Engineered Materials rose 3.16, or 13%, to 27.09.

The article reports that the shares of Elan Corp. have achieved the rare feat of hitting a 52-week closing high, with $36.82 on July 10, 2008 and low, with $9.93 on August 1 in a little more than three weeks. The shares of the firm fell, after it said that two more cases of brain disorder progressive multifocal leukoencephalopathy (PML) had been confirmed in users of the multiple sclerosis drug Tysabri, which Elan manufactures with partner Biogen Idec Inc. In New York Stock Exchange trading on August 1, the U.S. depositary receipts of Elan dropped 50%.

The article reports on the growth in the profit of Medco Health Solutions Inc. by 22% in the second quarter of 2008 and the rise in the company's earnings per share forecasting. Such increases are the result of the strength in the specialty pharmacy business of Medco, new client wins and continued growth from generic drugs delivered through mail. The shares of the firm elevated by $1.02 or 2.2% or $47.88% in New York Stock Exchange composite trading.

Corrections to articles published in previous issues are presented including one about the photograph of Kent Snyder and another on the short interest on the New York Stock Exchange on July 10, 2008.

The article announces that both the twice-monthly reports of the New York Stock Exchange (NYSE) and the Nasdaq Stock Market on short-selling activity in the U.S. will be released on the same day starting in the week of July 8, 2008. It mentions that NYSE Euronext's NYSE usually released its short-selling data three days before Nasdaq's release. The move is the latest change in scheduling for such statistics, which used to be issued only once a month by the exchanges.

The article focuses on the decision of Goldman Sachs Group Inc. to defer investment in First Marblehead Corp., a Massachusetts-based company which packages student loans into asset-backed securities, in June 2008. Goldman invested $59.8 million in the student-loan packager in December 2007. Share price of Marblehead declined by 9.9% in composite trading on the New York Stock Exchange on June 26. According to Marblehead, it did not expect the cash infusion until the end of September, due to delays in applicable regulatory approvals.

The article focuses on a new record set by short selling at the New York Stock Exchange in the first half of June 2008. The short interests at the stock exchange have increased by 74% from 16,432,281,684 shares on March 30 to 17,654,028,383 shares in the semimonthly reporting period ended June 13. It notes that investors had a bearish frame of mind due to rising inflation and weak growth.

The article deals with the decision of Wal-Mart Stores Inc. to reduce its capital expenditure forecast for 2009. The retailer said it anticipates to spend $13 billion to $14 billion during the fiscal year ending January 31. According to chief financial officer (CFO) Tom Schoewe, the lower forecast suggests the ability of Wal-Mart to grow more efficiently with reduced investments. Shares of the company have declined by 1.1 percent to $58.69 in New York Stock Exchange (NYSE) composite trading in June 2008.

The article presents an update related to small-capitalization stocks as of June 13, 2008. Increasing fuel costs continued to weigh hard on airline stocks with US Airways Group declining 16% to 2.69 on the New York Stock Exchange (NYSE). Advertising firm National CineMedia declined 24% to 14 after its second-quarter revenue outlook dropped below the expectations of the analysts. Jazz Pharmaceuticals fell 16% to 5.70 after it stated that it will be delaying two of its drug trials.

The article reports on the plan of the New York Stock Exchange (NYSE) to revise rules regarding the role that specialist traders play. It notes that under the new regulations, specialist will be called designated market makers and will no longer be able to have their computer algorithms receive electronic orders before their display public. It cites that the move is an acknowledgement that several customers choose fast trading without the presence of an intermediary. It states that specialist companies will gain more freedom to trade derivatives.

The article reports on the increase in profit posted by East Hills, New York-based filtration and fluid purification products maker Pall Corp. for the third quarter ended April 30, 2008. The growth was attributed to its cost-cutting measures and sales gains across multiple platforms. Net income rose from $50.4 million in 2007 to $63.3 million. Shares in the company surged by 1.07 percent to $39.82 in New York Stock Exchange (NYSE) composite trading.

The article reports that Lorillard Inc., which is being spun off from Loews Corp., dominates the tobacco market for menthol cigarettes. According to Morningstar analyst Gregg Warren, Lorillard is on the positive end of the industry dynamics because of the menthol cigarettes. Several investors and analysts believe that Lorillard's stock could offer investors a good payout over time because the firm is likely to return cash to holders. Lorillard will begin trading under the symbol LO on the New York Stock Exchange on June 10, 2008.

The article presents an update on the short-selling activity in the New York Stock Exchange (NYSE) for the semimonthly reporting period ended May 30, 2008. The number of short-selling positions not yet closed out rose 2.7% to 16,431,281,684 shares from 15,995,002,917 shares in mid-May. The short ratio, or number of days' average volume represented by the outstanding short positions at the exchange, rose to 4.3 from 4.2 in mid-May.

The article reports on the decline in stock price of Safe Bulkers Inc., a shipping company based in Athens, Greece, at the New York Stock Exchange (NYSE) on May 29, 2008 after it reduced the price of its initial public offering (IPO). The stock price of the company closed at $18.90 a share. The company sold a total of 10 million share at a price below the anticipated $20 to $22 range. Transporting dry bulk goods is the primary business of the company.

The article reports that the NYSE Euronext has experienced a surge in profits due to cost-cutting and record trading activity as of May 7, 2008. The company, whose net income has more than tripled in the first quarter of 2008 from 2007, is said to be moving aggressively to take business from rival stock exchange operators. According to the article, revenues grew by 84% due to heavy trading activity in U.S. stocks and European derivatives, illustrating that the merger between the New York Stock Exchange (NYSE) and Euronext is on course.

The article reports on the stock trading activity in the New York Stock Exchange on April 30, 2008 trading day. Stock prices declined after the Federal Reserve expressed mild concern over inflation. Traders sold stocks of inflation-sensitive retailers such as Home Depot and purchased stocks of energy and commodities producers. News-making stocks included General Motors whose stock price rose 9.4% as overseas growth offset problems in its North American lending and auto business. Other gainers included Procter & Gamble, the FTD Group, and Panera Bread.

The article reports that revenues of Interpublic Group Inc. for the first quarter of 2008 rose by 9.3%. Chief Executive Michael Roth says that the strong growth is due to new business, cost-cutting and continued spending by clients. The New York advertising and marketing company, which is in the midst of solving some accounting problems that has affected it for several years, says that investigations by the U.S. securities regulators is about to end. Interpublic's shares rose by 5.9%, or 50 cents, to $9.05 in New York Stock Exchange.

The article reports on the increase in profit of Verizon Communications Inc. by 9.8% in the first quarter of 2008. At Verizon Wireless, revenue rose by 13% while turnover rate increased from 1.08% to 1.18%. Verizon chief operating officer (COO) Dennis Strigl attributed the growth in high-end consumers and financial results to the $99 unlimited-calling plans. Verizon shares gained 91 cents, or 2.5%, to $37.95 in 4 p.m. New York Stock Exchange (NYSE) composite trading.

The article focuses on Lehman Brothers Holdings Inc. which is being viewed by some investors as a cheap way to bet on any eventual markets recovery after its shares recovered on the New York Stock Exchange (NYSE) in April 2008. The stock of the company rose approximately 6 percent to close at $46.38. Lehman accumulated about $1.6 billion in pretax gains due to changes in hard-to-value equity assets and the value of its own debt. Chief financial officer (CFO) Erin Callan attributed low earnings to the challenging markets.

The article reports on the increase in profit posted by telecommunications company AT&T in the first quarter of 2008. The company posted a 22% profit increase, while earnings at its wireless unit nearly doubled to $2.9 billion, as revenue rose by 18%. Shares of AT&T reportedly increase 22 cents, or 0.6%, to $37.81 in 4 p.m. New York Stock Exchange (NYSE) composite trading. The landline unit of the firm posted a 2.1% decline in earnings to $2.83 billion, while revenue also dropped by 2%.

The article reports that the short-selling securities at the New York Stock Exchange (NYSE) has increased 0.3% or to 15,625,464,452 from 15,586,035,359 as of April 15, 2008. It mentions that the NYSE short ratio is being calculated based on the average daily composite of NYSE volume. Under a general concept, the author states that a downturn is much expected by investors when short interest is higher.

The article reports on the increase in the number of short-selling positions not yet closed out at the New York Stock Exchange (NYSE). It cites that investors who short shares borrow and sell them, betting the price will decline and they can purchase the shares later at the lower price for return to the lender. It notes that the short ratio or number of days' average represented by short positions outstanding at the exchange, was not changed at 3.5 as volume grew to keep pace with the increased total of bearish bets.

The article reports on the 48% decline in the fiscal fourth-quarter profit of CarMax Inc., which ended February 29, 2008. According to the company, it gave up margin on some sales to help move automobiles during the quarter. It states that the shares of the company increased 47 cents in the New York Stock Exchange composite trading. The company adds that the total used-vehicle sales increased 11% in the quarter.

The article reports that short-selling activity increased at the New York Stock Exchange (NYSE) in the first half of March 2008. The author states that for the twice-monthly reporting period that ended March 14, the number of short-selling that have yet to be closed out rose 7.04% to 16,009,687,994 shares, from 14,956,961,052 shares in late February 2008. In general, the short ratio fell to 3.5 from 4 at the end of the last period.

The article reports on the stock trading activity in the New York Stock Exchange for the February 20, 2008 trading day. The Dow Jones Industrial Average rose 0.73% while the Nasdaq Composite Index gained 0.91%. The Standard & Poor's 500-stock index gained 0.8%. News-making stocks include Hewlet-Packard, the provider of computers, printers and tech-consulting services, which recorded a 38% increase in 2007 earnings and a 13% increase in revenue for its fiscal year first quarter.

The article reports that UnitedHealth Group has increased its premiums before the news came out on the legal case against the health-insurance company. New York Attorney General Andrew Como disclosed that the company would be sued along with the rest in connection with the investigation on the health insurance payment rates for hospital and doctors that are outside of their coverage. UnitedHealth's shares fell in the New York Stock Exchange composite trading.

The article reports on the small stock performance of several companies as of February 2008. The shares of PrivateBancorp and Columbia Banking fell by 6.5% and 9% respectively. It states that FirstFed Financial traded 7.5% lower at the New York Stock Exchange. Ambac Financial's share rose by 21 cents or 1.9%.

The article reports on the negotiations being conducted by NYSE Euronext, owner of the New York Stock Exchange, with U.S. regulators to bring more pricing information to the credit markets. Its chief executive officer Duncan Niederauer notes that the regulators approached the company on becoming a pricing-and-quoting facility to imrpove market transparency. He argues that providing pricing information is more of a social responsibility than profit driver. It states that the decline in prices of fixed-income investments led to write-downs and disputes.

The article reports on the plan of Air France-KLM SA to delist its shares from the New York Stock Exchange (NYSE). The NYSE and Euronext Paris are both included in the NYSE Euronext. The airline stated that the additional costs associated with dual registration are not justified considering that most of its shares are traded on Euronext Paris. The airline decided to keep its American depositary receipts.

The article reports on the increase in short-selling levels at the New York Stock Exchange as economic concerns spread and the market declined at the end of 2007. For the semimonthly period ending December 31, 2007, the number of short-selling positions not yet closed out at the Big Board increased 0.8%. The short ratio or the number of days' average volume represented by the outstanding short positions rose to 10.3 at the end of 2007 from 9.1 in mid-December.

The article reports on the increased stake of Davis Selected Advisers LP in bond-insurer MBIA Inc. As of December 26, 2007, MBIA was trading at $22.33 on the New York Stock Exchange (NYSE). The equity stake of Davis at MBIA is estimated at $142.9 million. Defaults in mortgage-related bonds have affected MBIA and other bond insurers. According to a securities filing, there are $100 billion worth of assets under management at Davis.

The article reports on the increasing stake of British financier Joseph Lewis in Bear Stearns Cos. in spite of its declining share price. In 2007, Lewis has acquired almost two million shares of Bear Stearns. The company is trading at $89.29 on the New York Stock Exchange (NYSE). According to a Securities and Exchange Commission (SEC) filing, about $1.19 billion was spent by Lewis to buy Bear Stearns shares. The mortgage downturn has affected Bear Stearns leading to a fiscal-fourth-quarter loss.

The article offers information on short selling activity at the New York Stock Exchange (NYSE). The activity fell during the first half of December 2007 as the stock market stabilized after an unstable November. The number of short-selling positions not yet closed out at the NYSE fell 1% in the period ended December 14, 2007. In late November, the number of days' average volume represented by outstanding short positions at the exchange rose to 9.1 from 8.2 days.

The article reports on the increase in small-capitalization stocks in the New York Stock Exchange (NYSE) in December 2007 due to government assistance. NovaStar Financial led the lending group by 24% and WCI Communities from the builders group with a 21.5% increase. Retailers have mixed results with Krispy Kreme Doughnuts 27% rise while Hot Topic decreased by 4.7%

The article reports on the fall of small stocks as of December 3, 2007 as the credit crunch lingers to pull down shares of all sizes. Shares of many securities firms declined after J. P. Morgan Chase and Punk Ziegel reduced their profit forecast having considered more financial harm to be caused by the dismal credit condition to trading and profit. Cowen Group for instance declined 29 cents from its share value registered at $10.10. On the contrary, Chiquita Brands International managed to increase by 8.2% to $20.28 on the New York Stock Exchange (NYSE).

The article focuses on the joint statement of Nasdaq Stock Market Inc. and Tel Aviv Stock Exchange that the two exchanges are forming a closer working relationship. The memorandum of understanding develops the lines of communication and serves as basis for the formulation of other agreements. The said agreement came into being less than a year after Nasdaq's's failed attempt to purchase London Stock Exchange and months following the New York Stock Exchange's merger with the Paris-based Euronext to form the parent company NYSE Euronext.

The article reports that stocks surged on November 23, 2007 as equity investors undertook bargain hunting, resulting from the disappointing stock market performance on November 21, 2007, particularly of the retailers and home builders. Electronic shop Circuit City performed the second best among the listed companies in the New York Stock Exchange. Alaska Air Group gained 82 cents.

The article reports on the rise in short-selling positions in the New York Stock Exchange (NYSE) in November 2007. For the two-week period ending November 15, 2007, short-selling, also known as short interest, rose 3.8 percent. In general, the short ratio fell to 7.4 percent from 8.4 percent in late October 2007. The next report on short-selling will be on December 7, 2007.

The article reports on the plan of Xerox Corp. to declare that it is resuming payment of quarterly cash dividends. The company is anticipated to announce on December 31, 2007 a dividend of 4.25 cents a share, payable January 31, 2008 for shareholders of record. Xerox's bonds were raised to investment grade by credit-rating services after it returned to financial health. The firm closed at $15.82 on the New York Stock Exchange on November 16, 2007.

The article reports on the initial public offering of MSCI Inc., the indexing and analytics arm of Wall Street firm Morgan Stanley. The company went public on the New York Stock Exchange and rallied 45%. The company produces indexes that track stocks and is popular for its MSCI international stock indexes. Its offering beat radiology outsourcer Virtual Radiologic Corp.

The article reports that the dispute over executive compensation at investment bank Robertson Stephens has been resolved in favor of some of its former employees. In September 2007, New York Stock Exchange (NYSE) regulatory officials have found that a number of former Robertson executives who accused the defunct firm of breach of contract were owed $23 million in back pay and interest. Particular focus is given to the NYSE arbitration. According to a Bank of America spokeswoman, the award was a vindication for Robertson.

The article reports that short interest increased at the New York Stock Exchange (NYSE) in late October 2007 in the wake of the market's new records earlier in October 2007. The number of short-selling positions not yet closed out at NYSE for the period ending October 31, 2007, increased 2.4% to 11,932,729,768 shares from 11,654,666,528 shares in mid-month.

The article reports on the plan of the New York Stock Exchange (NYSE) to offer free trades at the opening price in NYSE securities, excluding exchange-traded funds. The service, which will become effective on November 1, 2007, applies to market and limit orders executing on the opening price, including market-on-open, limit-on-open and good-til-cancel orders.

The article reveals the decline in short interest at the New York Stock Exchange (NYSE) amid a market rally which included fresh records in major stock indexes. The number of short-selling positions not yet closed out at NYSE fell 1.9%. However the short ratio, the number of days' average volume represented by the short positions outstanding at the exchange, increase to 9.6.

The article reports on the fines imposed against brokerage firms by New York Stock Exchange (NYSE) Regulation for prospectus-delivery failures and other operational and supervisory violations. Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Lehman Brothers have been given the largest fines. The investigation by the NYSE began when it found that Morgan Stanley had failed to send prospectuses to a large number of customers.

The article reports on the increased share price of China Digital TV Holding Co. as of October 6, 2007. The company's stock closed at $28 a share on the New York Stock Exchange, an increase from its initial public offering (IPO) price of $16. It details the cause of the increase. It mentions the risks facing China Digital.

The article reports that short-selling activity increased at the New York Stock Exchange (NYSE), including a solid market rally that hurt the value of most bearish bets. As of September 28, 2007, the number of short selling positions not yet closed out at the NYSE grew 0.3% to 11,878,834,897 shares from 11,841,051,529 shares in mid-September. It notes that investors who short shares borrow them and sell them, betting the price will decline and they can purchase the shares back later at a lower price for return to the lender.

The article reports on the initial public offering (IPO) of New York City-based Duff & Phelps Corp. which closed at $18.35 in New York Stock Exchange composite trading. It mentions that 8.3 million Class A shares have been sold by Duff & Phelps at a price below the expected range set by Goldman Sachs Group Inc. and UBS AG.

The article reports on the decline of the initial public offering (IPO) launched by Ireland-based airplane-leasing company Babcock & Brown Air Ltd. on the first day of its trading on September 27, 2007. The American depositary receipts of the company were at $22.73 in the New York Stock Exchange composite trading, reflecting a 1.2% decline from an IPO price of $23. The company anticipates to capitalize on increasing demand for air travel. The performance of other IPOs including the one launched by Genesis Lease Ltd. are cited.

The article reports on an initial public offering (IPO) launched by Virgin Mobile USA Inc. at the New York Stock Exchange. The IPO is valued at as much as $467.5 million. The proceeds of the IPO will be used to repay debt and for general purposes. Virgin Mobile plans to sell about 25.6 million shares while stockholders will sell an additional 1.95 million.