This, the first of our regional blogs, is authored by the technology and financial journalist Dominic Basulto. Dominic is a New York native, has been a senior editor at Corante since day one and has written for a number of online and offline media companies. Send tips or story ideas to: basulto@gmail.com.
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Here we'll report daily on the latest tech and business developments in New York City. Impossible we concede: comprehensive coverage of the city's every story. What we hope you'll find: tips, tidbits and perspectives you won't find elsewhere. As well as unique insights, original interviews and more that should be of interest to New York's vibrant community of technologists and those who track, invest in and report on them.
Animal rights activists take on the New York Stock Exchange -- and win
Posted by Dominic Basulto
Apparently, a New Jersey-based life sciences firm ran into quite a bit of trouble from animal rights activists on the day of its IPO last week. According to the Wall Street Journal print edition, the NYSE announced that the company's IPO would be postponed indefinitely as the result of action by animal rights groups:
"The exchange is reviewing the company's business practices in light of a blistering critique by animal-rights groups who accuse Life Sciences and its operating unit, Huntingdon Life Sciences, of hurting animals as part of their testing for large drug and chemicals companies. Indeed, a blast e-mail sent to thousands of activists by a group called Win Animal Rights (WAR) managed to marry high-volume rhetoric with knowledge of the less-tony neighborhoods of the stock market: "Help us send these puppy killers back to the pink sheets."
Newsday hints that the WAR activists may have even threatened an attack against the New York Stock Exchange. One employee linked to LSR referred to the attacks by Win Animal Rights as a form of "domestic terrorism."
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