The Daily Caller

The Daily Caller

NYSE considers shutdown as Irene targets New York

Hurricane Irene, forecast to reach New York this weekend, has the potential to shut down the New York Stock Exchange, a company executive said.

“If we can open here but none of our customers can get to their desks, it really doesn’t make a lot of sense to open the exchange,” Louis Pastina, senior vice president for NYSE Euronext, said in a Bloomberg Television interview. “We’ll have to gauge that in coordination with the Securities and Exchange Commission, the other stock exchanges and our member firms.”

Full story: NYSE weighs shutdown options as Irene risk closes subways