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Beef recall announced over E. coli fears
ATLANTA, Dec. 20 (UPI) -- The IntercontinentalExchange said it has reached an $8.2 billion agreement to buy New York Stock Exchange, a market icon.
The deal would enable ICE, a 12-year old firm with its headquarters in Atlanta, Ga., to expand its derivatives business and its image, as the New York Stock Exchange is a symbol of New York and even U.S. financial prowess, The Atlanta Journal-Constitution reported Thursday.
The merger is subject to regulatory approval. For ICE, it would be the second attempt to get a purchase offer for the stock exchange past regulators.
ICE made a joint $11 billion bid for NYSE Euronext in April 2011 with NASDAQ. But U.S. regulators indicated they would not approve and the offer was canceled.
NYSE Euronext also struck a tentative deal with Deutsche Boerse that was valued at $10 billion, but that deal also fell through, the newspaper said.
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ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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