Home Wealth  Money Viacom Stock Symbol Remains Mysterious With Switch To o Switch Listing to Nasdaq

Viacom Stock Symbol Remains Mysterious With Switch To o Switch Listing to Nasdaq

Posted: Nov. 12th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Viacom (VIA, VIAb) said today it will transfer its stock exchange listing to NASDAQ OMX's Nasdaq Global Select Market beginning December 1.

The company said it made the decision to switch to the Nasdaq from NYSE Euronext (nyse: NYX - news - people )'s New York Stock Exchange because it will be more cost effective, while still providing shareholders with strong execution and liquidity.

Viacom (nyse: VIA - news - people )'s Class A common stock will trade under the symbol VIA, while its Class B shares will trade under the symbol VIAB.

Rival Walt Disney (nyse: DIS - news - people ) is getting a boost in today's trade after it reported a 30% increase in earnings late yesterday, to $1.1 billion, or $0.58 per share.

Adjusted earnings of $0.59 per share beat analyst estimates.

Revenue rose 7%, to $10.4 billion, meeting expectations.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Stylish Moxi Restaurant Brings Cosmopolitan Concepts to Traditional Mexican Cuisine
Join the San Francisco World Spirits Competition by Mixing These Whisky Recipes at Home
Inside the World of Divergent: Stars Chat About Auditions, Training, Fears & Favorite Scenes
$21M Waterfront Estate Brings the Mediterranean to Miami Beach
13 Books You Need to Read Before They Hit Theaters This Year
5 Dublin Restaurants to Check Out For a Thoroughly Irish Experience
Million Dollar Elephant Dung and Buddha Selfies Stole the Show at Art Basel Hong Kong 2015
Event Recap: Relais & Châteaux's GourmetFest Once Again Delivers a Foodie Affair for the Books
11 Stunning Treehouses That Will Make You Reconsider Your Next Home Purchase
Score $7K Headphones Straight Off the Dolce & Gabbana Runway
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE