On an April afternoon in 2009, in his home office near Austin, Texas, John Bird was hunched over his computer trying to figure out if a Chinese company some 6,500 miles away was anything close to what it claimed to be.
Nasdaq Stock Market can rely on legal protections afforded exchange operators to avoid paying damages to firms that lost money on Facebook Inc., the former chief executive officer of the American Stock Exchange said.
The Bank of [bn:WBTKR=BKCN:IND] New York Mellon China ADR Index , which tracks American depositary receipts, rose 0.7 percent to 387.90. [bn:WBTKR=CZH:IND] The American Stock Exchange China Index  gained 0.5 percent to 206.80. The Shanghai Composite Index declined 0.3 percent to 2,900.331.