Cradle of US capitalism about to fall to Deutsche Börse
(NEWSER) - The raucous cathedral of American capitalism, the New York Stock Exchange, is about to be bought by the Germans. If regulators approve the deal, the acquisition of NYSE Euronext (which owns the NYSE) by Deutsche Börse AG (which owns the Frankfurt stock exchange) would create the world's largest financial exchange. The move is bound to face intense scrutiny from regulators in Europe, where the new operation would dominate trade, and in Washington, where acquisition by a foreign company will pique nationalist sentiment, reports the Wall Street Journal . More»
