Both decisions reinforce trends that have been changing Wall Street in recent years: the switch from physical to electronic markets and the dispersal of operations away from lower Manhattan into the suburban areas of the greater New York metropolis and beyond.

FORBES: Briefing Book: Howard Lutnick

He says the reason pensions are underfunded is Wall Street convinced pensions to make a historic switch from bonds to stocks.

FORBES: Lerach Blames Pension Woes On Pay-To-Play -- Theirs, Not His

Wall Street worries that ever more copper-wire customers will quit and switch to cellular, with its expensive transmission towers and subsidized handsets.

FORBES: Whitacre's Way