London Frankfurt merger eyed as step to world stock market
The London Stock Exchange and Deutsche Boerse plan a 50 50 joint venture iX to span Europe and Asia with Nasdaq Europe and Nasdaq Japan markings a 24 hour trading horizon. The deal awaits regulatory and shareholder approval with London headquarters and Frankfurt as high tech trade hub.
MENTIONED IN THIS ARTICLE
London
Frankfurt
Asia
Europe
United States
London Stock Exchange
Gavin Casey
Germany
Deutsche Boerse
Nasdaq Europe Ltd
Japan
Milan
Italy
Madrid
Spain
Werner Seifert
Seifert
London Exchange
New York Stock Exchange
London and Deutsche Boerse plan merger faces hurdles
Europe’s two largest stock markets London Stock Exchange and Deutsche Boerse considered a merger after initial talks. They later aligned on technology using Frankfurt’s Xetra while Paris Brussels Amsterdam formed a rival trio. Analysts say the move counters Paris Euronext and U.S. competition.
MENTIONED IN THIS ARTICLE
Europe
London Stock Exchange
Germany
Deutsche Boerse
London
Frankfurt
Narayan Naik
London Business School
U.S
Paris
Brussels
Amsterdam
London Exchange
Naik
Inflation risk grows as labor market tightens
The Beige Book cites persistent worker shortages across districts and rising wage pressures. Fed officials warn wage and price pressures could feed inflation, signaling possible rate hikes as the economy hits near 4.1 percent unemployment and March factory orders rise 2.2 percent led by electronics and appliances.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Fed
Alan Greenspan
Richard Yamarone
Argus Research Corp
Philadelphia
Minneapolis
Kansas City
Commerce Department
Wal-Mart Supercenter slated for August opening in Princeton
Princeton officials say the Greasy Ridge U.S. Route 460 Wal-Mart Supercenter near Princeton is on track for an August 15 opening. The project by Wyatt Development Co. is 50 percent complete with East River Plaza set to include 1129 parking spots and 221,900 square feet of retail space. Local leaders foresee job gains and traffic concerns as downtown stores brace for competition.
MENTIONED IN THIS ARTICLE
Princeton
Greasy Ridge
Mercer County
Quail Valley
Ruth Carper
U.S. 460
Carper
Doug Freeman
Wal-Mart
Stafford Drive
Freeman
B&o
West Virginia
Division of Highways
Franklin Stinson
Ryan's
Goodies
Stinson
East River Plaza
Dow sinks as rate fears weigh on Wall Street
The Dow Jones fell as much as 331 points on concerns over rising interest rates and slowing earnings growth. Nasdaq and S&P 500 also declined amid Dow component downgrades and retailer rating cuts. Analysts cite Fed rate hike expectations and investor skepticism as the market mood remains cautious. Bestfoods advanced after rejecting Unilever’s $18.4 billion takeover bid, while Unilever fell.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Rao Chalasani
First Union Securities
Chicago
Fed
Labor Department
Chalasani
At&t
Paine Webber and
Donaldson
Lufkin & Jenrette
Eric Strumingher
PaineWebber
Novell
Goldman Sachs
Kohl’s
Costco
Goldman
Wal-Mart
Bestfoods
Hellmann
Unilever
Also Mentioned on This Page
1760 Exchange
Royal Exchange
The
Frankfurt Stock Exchange
Ource
Department of Commerce
Nace
Int
Citizens Communications
Citizenscommunications.com
State Bureau of Senior Services
Richard Flanigan
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