Word: mergers
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...wonder that committee members themselves have begun to comment on the list's length, partially because there is very pressing business: updates on the restructuring of Cambridge Rindge and Latin School (CRLS) and the controversial merger of two elementary schools...
...buggy British electronic trading system may have spurred the merger that created the world's second biggest stock exchange. The London Stock Exchange and Frankfurt's Deutsche Bourse merged Wednesday as equal partners, with a NASDAQ tie-in rendering the new iX (international exchange) the 500-pound gorilla of European markets. "This deal has been in the works for years but kept breaking down over whether the merged exchange should use the German or the British electronic trading platform," says TIME Atlantic business editor Richard Hornik. "But three weeks ago, that debate was rendered moot when the British system crashed...
...Frankfurt market's Xetra trading system is the real success story of the merger. "Ten years ago, you'd have been laughed out of the room for suggesting that London and Frankfurt could merge as equals," says Hornik. "At that time, the German bourse amounted to nothing. But they were much faster to take advantage of the possibilities of high tech, and the Frankfurt market has turned itself into Europe's NASDAQ - the center of the continent's burgeoning technology investment sector." NASDAQ appears to have recognized that reality, too, by signing a memorandum of understanding with...
...bound to keep the bulk of its investments in the same currency as its liabilities, i.e., Dutch guilders. The euro made it possible for them to invest across borders, which has been an inefficient and costly process as long as each country maintains its own bourse." The London-Frankfurt merger, which will later include the Spanish and Italian stock exchanges, follows an earlier merger between the Paris, Amsterdam and Brussels markets. "The globalization of the stock market is inevitable," says TIME business editor William Saporito. "Local stock markets came into being only because everything was bought and sold locally...
...Internet customers drawn to their high-speed connections. The latter is not a point lost on Disney, which apart from its TV and movie holdings has considerable aspirations to be an Internet player. During the dispute, Disney was quick to point out its concern that Time Warner's pending merger with Internet leader AOL has the potential to create a barrier to non-AOL Time Warner companies interested in participating in burgeoning Internet and interactive TV technology. So Disney, with an eye on the future, is said to want assurances from Time Warner (which, by the way, owns TIME.com) that...