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EU Blocks New York-Frankfurt Stock Exchange Merger

Posted February 1st, 2012 at 9:50 am (UTC-5)
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European Union regulators have blocked the planned merger of the New York and Frankfurt stock exchanges, a $10 billion deal that would have created the world’s largest financial market operator. The EU’s Competition Commissioner, Joaquin Almunia, said Wednesday the proposed deal between the owners of the New York Stock Exchange and the Deutsche Boerse exchange […]

Tags: , , Posted in Economy

Obama Calls for Merging Trade, Commerce Agencies

Posted January 13th, 2012 at 12:00 pm (UTC-5)
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U.S. President Barack Obama is asking Congress to allow him to merge the country’s sprawling foreign trade and commerce agencies to speed the government’s transactions with businesses and consumers. The U.S. leader said Friday in a White House speech that lawmakers should give him the power to reshape and shrink federal agencies to his liking, […]

Tags: , , , , Posted in Americas, Economy, US

Obama Calls for Merging Trade, Commerce Agencies

Posted January 13th, 2012 at 10:55 am (UTC-5)
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U.S. President Barack Obama is set to ask Congress to allow him to merge the country’s sprawling foreign trade and commerce agencies to speed the government’s transactions with businesses and consumers. A senior government official told news agencies Friday that Mr. Obama would lay out his plans in a White House speech. The official said […]

Tags: , , Posted in Economy

Japanese Industrial Giants Consider Merger

Posted August 4th, 2011 at 2:45 am (UTC-5)
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Hitachi Limited and Mitsubishi Heavy Industries, two of Japan’s biggest manufacturers, are considering merging several of their infrastructure operations. With combined annual sales of more than $150 billion, the potential merger would create one of the world’s biggest infrastructure firms. Shares of both Hitachi and Mitsubishi rose Thursday, hours after Hitachi President Hiroaki Nakanishi announced […]

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