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News Link • Economy - Economics USA

German's buy NY Stock Exchange

• Washington Post

News this week that Frankfurt-based Deutsche Borse is poised to acquire a majority stake in the New York Stock Exchange did not sit well in every corner of the financial world.

Critics complained that a symbol of American capitalism was being scooped up by foreigners. Shareholders on both sides of the Atlantic fretted about what the deal would mean for them. A headline in the New York Post screamed, "Achtung! Germans taking over NYSE."

 

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