The FBI said it searched the Manhattan offices of reverse merger advisory firm New York Global Group (NYGGRPZ) , which specializes in helping companies from China go public in the U.S.
The New York Stock Exchange and German exchange Deutsche Boerse called off their planned merger Thursday, a day after the European Union said it would block the union because of concerns about a monopoly.
Private exchanges, which oversee trading in private shares of Internet start-ups, will lose a lucrative client when Facebook holds its public offering.
Brussels/Frankfurt/New York (dpa) - The Frankfurt and New York stock markets‘ plans to forge the world‘s biggest securities exchange collapsed Wednesday after the European Commission ruled against the plan.In their 450-page ruling, the commission‘s anti-trust officials said they rejected the move on the grounds that it would have given the new company "a near-monopoly" in Europe‘s lucrative ...
The European Commission said Wednesday it had "no alternative" but to veto a transatlantic tie-up of the Frankfurt and New York stock exchanges, a decision slammed in Germany as a "dark day" for Europe.
