Connell markets now begins with the news that is breaking. Charlie gasparino joins us from the newsroom. Charlie the little bit bored. It may happen. It is about 4000 people combined. Mergers are never easy. There are always synergies to be found. Publicly, they have said nothing. Spokespeople will not comment. In past segments, they have talked about synergies. Spitzer is contemplating fairly significant cuts. The numbers he is going around are pretty significant. Clearly, job cuts are in the air over there. This is pretty interesting. The New York Stock Exchange keeps a pretty large workforce. Ice is pretty thin. The New York Stock Exchange has a lot of duplication. Twenty lawyers doing the same thing. It is that duplication that he tends to take out as this merger progresses. It is set to close in the fall. After it closes, that is when you can see these job cuts. Large cuts, largely done at the New York Stock Exchange side. The combined cuts could be about 30 of the 4000 people at
Angola announces departure from OPEC amid disputes over production quotas. The African nation's oil minister cites lack of benefits from remaining in the organization. OPEC, led by Saudi Arabia, aims to stabilize falling oil prices amidst global economic concerns. Meanwhile, Brazil joins OPEC as a major oil producer. Stay updated with the latest developments in the oil industry.
In a cyclical industry, recent trading years offer ample testimony of non-OPEC oil producers being pretty deft at grabbing market share both in good times and bad.
August Non-OPEC And World Oil Production seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.