D.Boerse, NYSE see extra $1 billion in customer savings
(Reuters) - Deutsche Boerse AG (DB1Gn.DE) and NYSE Euronext NYX.N said they now expect up to an additional $1 billion in broad savings for customers if they are able to seal their $9 billion merger and create the world's largest exchange operator.
The pair expect "collateral efficiencies" of up to $4 billion, Deutsche Boerse spokesman Ruediger Assion said in an email. That is up from the approximately $3 billion that was touted as recently as an August 2 NYSE Euronext presentation.
The new prediction comes as the takeover of the New York Stock Exchange parent faces an intense antitrust review in Europe. On Thursday, Europe's competition chief expressed concern that the deal would create a monopoly in derivatives.
(Reporting by Jonathan Spicer in New York; Editing by Steve Orlofsky)
WASHINGTON - Securities and Exchange Commission Chair Mary Jo White says her team will not shy away from high-stakes trials, and not just strike settlements with wrongdoers, but a string of recent court setbacks shows she has her work cut out for her.
WASHINGTON - U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.