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BUSINESS NOTES NYSE PLANS TO GO ENTIRELY DECIMAL.

BOCA RATON, Fla. - The New York Stock Exchange will complete its conversion to stock trading in decimals by the end of January, its president said Thursday.

At the annual Securities Industry Association meeting, Richard Grasso said he is confident the exchange and brokerages will be able to handle the transition. The NYSE has been gradually phasing in decimal trading since August. More than 100 stocks are currently traded in decimals on the NYSE with more to be added later this month.

The American Stock Exchange, which also has been phasing in decimals for stock trading since August, said it plans to complete its conversion at the same time the NYSE does.

The Securities Exchange Commission has given the markets until April 9 to fully convert to decimals all stock and options trading.

- Associated Press

Glum holiday may dampen retailers

NEW YORK - The holiday outlook grew dimmer for retailers Thursday as evident from disappointing earnings reports from several prominent companies as well as a warning by Best Buy.

From leather jackets to DVD players, the funk in consumer spending appears to be broadening. The news prompted shares of these retailers, spanning from Gap Inc. to discount chain Ames Department Stores, to drop.

- Associated Press

Grant to help train teens for show biz

SACRAMENTO - Gov. Gray Davis announced Thursday a $1 million federal grant to train high school students for entertainment industry jobs. The grant is managed by the Hollywood Entertainment Museum.

- Daily News
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Nov 10, 2000
Words:242
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