Exchange. Its based in london and drives over 40 of n. Y. S. E. Profits. It has a business that deals, for instance, in financial derivatives. These are derivatives contracts tied to Financial Products like interest rates, and ice has been wanting to expand in that direction for a while. Reporter as for the n. Y. S. E. , its no secret that this year has been a tough one for the stock trading business. In addition, fewer companies are going public, so the i. P. O. Market has dried up. On a Conference Call, n. Y. S. E. Euronext c. E. O. Duncan niederauer was asked why not try to ride out the storm . Our responsibility to the shareholders was pretty clear. Our job is to create value as best we can in the near term, and position the company to be successful in the long term. I think this deal does that. Reporter this is not the first time ice has made a bid for the big board. Last year, it made a joint hostile bid with the nasdaq o. M. X. Group for the exchange. But that move was blocked b
Its based in london and drives over 40 of n. Y. S. E. Profits. It has a business that deals, for instance, in financial derivatives. These are derivatives contracts tied to Financial Products like interest rates, and ice has been wanting to expand in that direction for a while. Reporter as for the n. Y. S. E. , its no secret that this year has been a tough one for the stock trading business. In addition, fewer companies are going public, so the i. P. O. Market has dried up. On a Conference Call, n. Y. S. E. Euronext c. E. O. Duncan niederauer was asked why not try to ride out the storm . Our responsibility to the shareholders was pretty clear. Our job is to create value as best we can in the near term, and position the company to be successful in the long term. I think this deal does that. Reporter this is not the first time ice has made a bid for the big board. Last year, it made a joint hostile bid with the nasdaq o. M. X. Group for the exchange. But that move was blocked by regulato
5 45. Theyve been turned on for 15 minutes and it didnt take long for things to quickly tap up into the fat stack up into the foot of the pause. In San Francisco, that stretch of seasoned 280 reopened a couple of hours ahead of schedule. And kpix 5s cate cauguiran shes been standing live by the former construction site all morning long. It seems to be flowing nicely so far. Is that right . Reporter yes, its nice to that we get to give good news to morning commuters and theyll love this sign heading by 6th and brandon this morning. We mentioned that this stretch of 280 was slated to open at 5 00 a. M. But caltrans gave it the okay to open the southbound lanes around 2 00 this morning. It was shut down since thursday night and caltrans crews worked constantly to replace a bridge hinge so that the roadway would be safer in case of an earthquake. The work was so extensive that caltrans shut down about two miles of the highway from king street to pennsylvania avenue. Its been a very challen
The Alameda County Sheriffs Department is investigating. Reaction is mostly positive to Donald Sterlings lifetime ban from the nba. The ban is in response to the racist comments made by the l. A. Clippers owner. Kpix 5s Christin Ayers reports. Reporter in an Afternoon Press Conference commissioner adam silver threw the book at sterling. Effective immediately, i am banning mr. Sterling for life from any association with the Clippers Organization or the nba. Reporter that means sterling will never be allowed to appear at any nba game or practice again or make business or personnel decisions for the clippers. He will have to pay a 2. 5 million fine and silver went a step further. I will urge the board of governors to exercise its authority to force a sale of the team. Reporter an unprecedented punishment for a string of racist remarks that the nba says sterling has admitted he made in a taped conversation to his exgirlfriend. In the recording, sterling admonished her for posting an Instag
Off more than expected. The spot is slipping below the offer price. And we are joined by telenors ceo live later on in the program. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello, everyone. Youre watching worldwide exchange. Good morning to you, carolin. Its the end of the week. We made it through. Yes, we did. Weve got the speculation about shrine thats sending markets higher. And were still hoping for a miracle after yesterdays defeat. Down, but not out. Lets show you whats coming up on todays show. We have a jampacked show for you. Business success is putting cold, hard cash in their pockets. We look at how the region is giving a boost to scandinavian tourism. And are you too cool to cash . We look at the latest innovations that are encouraging us to ditch the coins and notes. And mobile. Rumors about the launch for the new smart wash as production is set to start next month. We take a look at the word on the street coming up lat