NYSE raises bid to rival Euronext in transatlantic push
The NYSE Group and Euronext issue a combined 21 billion offer to form NYSE Euronext, a global trading platform spanning stock bonds futures derivatives and commodities. Nasdaq's LSE stake and Dutch talks frame a contested bid landscape with limited near term effect for investors.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Euronext
Nyse Group Inc
Nyse Euronext
NYSE
Deutsche Bourse AG
Amsterdam
London Stock Exchange
LSE
London
Market in Review reshapes trading with Nasdaq and NYSE ties
The report details a joint push by Nasdaq and NYSE to expand cross Atlantic trading and upgrade systems. Analysts warn that a dominant trading hub could hike transaction fees amid limited competition, affecting Wall Street firms handling vast daily volumes.
MENTIONED IN THIS ARTICLE
Madely
Atlantic
U.S
NYSE
Euronext
Wall Street
Exchange
Payday loans trap spins borrowers into revolving debt
Virginia borrower Elizabeth Lawson fell into a cycle of payday loans after an $800 electric bill due to a faulty water heater. She and her husband took out multiple loans between 2004 and 2005, paying high fees and reborrowing to cover house payments. Regulators note high repeat borrowing and critics call rates predatory. Industry defends loans as short term credit for emergencies. The sector generated about $6 billion in fee revenue last year across 23,000 stores with notable growth in loan volume.
MENTIONED IN THIS ARTICLE
Richmond
Elizabeth Lawson
Lawson
Shawsville
Virginia
Christiansburg
Lawson’s
Nonprofit
Center For Responsible Lending
Jay Speer
Execu
Tive
Virginia Poverty Law Center
Jamie Fulmer
Advance America
Cash Advance Centers Inc
Spartanburg
S.C
Laborers Union Leaves AFL-CIO to Focus on Growth
The Laborers Union representing about 700,000 construction workers will exit the AFL-CIO effective June 1. The move joins the Change to Win coalition already regrouping major unions like SEIU Teamsters Unite Here and United Food and Commercial Workers seeking a new path for organized labor. AFL-CIO officials said no immediate comment.
MENTIONED IN THIS ARTICLE
Washington
Laborers’ Union
Afl-Cio
Change To
Richard Greer
Service Employees International Union
The
Teamsters
United Food and Commercial Workers
Unite Here
United Farm Workers
Carpenters
Change To Win
FTC finds little gasoline price gouging after Katrina
The FTC reports a nine month review found only scattered price gouging by seven refiners, two wholesalers, and six retailers after Katrina and no broad manipulation by oil companies. Lawmakers criticized the findings and prepared questions for FTC officials at a hearing.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
Congress
FTC
Energy Law
Gulf of Mexico
Also Mentioned on This Page
Laurence Frost
Michael J. Martinez
Euronext A European Equity Leader
Euronext NV
Para
FESE
BME
Warsaw Stock Exchange
Oslo
Bors
Federation of European Securities Exchanges
Aminn
Vilnius
the Market IN Review
Dow Jones Industrials
Petton Paten
Dany Dow Jones
Stock Exchange
Mo Low Name
Dow Industrials
Dow Transportation
Dow Ubsibes
S&p
S&p MidCap Russell
Wilshire
Amnes
sterOlg
Dectron
ComScop
GabConnc
intoSonic
HomeSold
Ftdgp
Syniverse
SilvWhingn
Maries
Usglobal
Castiam
IndiaFd
EmpireRs
TMS
TidMics
Intel
GenElec
Djia Diam
Cisco
ExxonMb
iShEmMit
JOS
Ann
At&t Inc
Jamesnin Nash
Vitros Nasd
Lucent
Broadems
CntryTel
NLVS
DA Am Amex
Northropg NY
ICAA
Capa
Capibap BL
Vanguard
Nperap GL
Fidelity Invest
LowPr
Eq Inc
Puritn
Cash Advance
Laborers Union