Bizwatch

Their Country Needs You
Maybe the Atlantic Ocean is getting narrower — or so it seemed last week, with America and Europe professing commercial interdependence. With a nod to European firms irked by tough financial reporting rules imposed by the 2002 Sarbanes-Oxley Act, U.S. Securities and Exchange Commission chairman William Donaldson said the regulator was mulling over changes to make it easier for foreign firms. Why the pleasantries? Sarbanes-Oxley has helped cut the number of new foreign listings on the New York Stock Exchange by nearly half. With the Big Board looking to boost income, CEO John Thain...

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