Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

ADP To Withdraw CSE Listing, Retains Nasdaq Listing

RELATED NEWS
Trade ADP now with 
2/6/2013 3:16 PM ET

Automatic Data Processing, Inc. (ADP: Quote) said Wednesday that it plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange.

The company also said its common stock will continue to be listed on the NASDAQ Global Select Market.

The company said it has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings. The withdrawal is expected to be effective within the next month.

The company does not believe that withdrawing its listing from the Chicago Stock Exchange will have any impact on the liquidity of its common stock. The Chicago Stock Exchange will continue to trade ADP common stock on an unlisted trading privilege basis.

Click here to receive FREE breaking news email alerts for Automatic Data Processing Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin. Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.