Around the business world
NEW YORK ” Nasdaq Chief Executive Robert Greifeld remained undeterred by the London Stock Exchange’s rejection of a bid that values Europe’s biggest equity market at about $5.1 billion. He has to. The Nasdaq’s options are quickly narrowing, with rival New York Stock Exchange poised to become the first trans-Atlantic exchange through its takeover of Euronext.
CHICAGO ” The commercial real estate market erupts in heavy speculative buying following a $19 billion deal to take famed investor Sam Zell’s Equity Office Properties Trust private, signaling to investors that other real estate investment trusts also could be snatched up. By Business Writer Dave Carpenter.
SAN FRANCISCO ” Brokerage and financial services firm Charles Schwab Corp. said it will sell its U.S. Trust wealth-management subsidiary to Bank of America Corp. for $3.3 billion in cash. By Business Writer Michael Liedtke. Moved.
NEW YORK ” Buyouts are having a banner year. Acquisition activity this year is set to beat 2000’s record, as the total value of proposed deals globally reached an all-time high on Thursday, even before a slew of takeover announcements were made Monday.
DETROIT ” Foreign brands dominated this year’s safest vehicle list put out by the insurance industry, but mainly because few domestic cars offer electronic anti-rollover technology. The Insurance Institute for Highway Safety this year required electronic stability control of its winners for the first time.
NEW YORK ” Home sales in 38 states fell sharply in October, but an indicator of future economic activity inched higher last month ” suggesting that weakness in housing market hasn’t been severe enough to offset lower gas prices and a rising stock market.
NEW YORK ” The game console war is now officially underway after Sony Corp.’s PlayStation 3 and Nintendo Co.’s Wii both sold out at launch over the weekend.
Vail Daily, Vail, Colorado CO