ICE Buying NYSE Euronext in $8.2 Billion Deal

Dec. 20 (Bloomberg) -- Bloomberg's Betty Liu and Dominic Chu report that IntercontinentalExchange Inc. agreed to acquire NYSE Euronext for cash and stock worth $8.2 billion, moving to take control of the world’s biggest equities market. ICE will pay $33.12 a share for the owner of the New York Stock Exchange, 38 percent above yesterday’s closing price. He speaks on Bloomberg Television's "In The Loop."
VW Faces Costly Fixes as it Seeks to Cut Spend
23:09 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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