says it's in serious talks with germany's stock exchange, the deutsche bourse. no agreement yet, but if they do a deal deutsche would buy the n.y.s.e., creating the biggest stock exchange in the world. reportedly, the n.y.s.e.'s duncan niederauer would be the c.e.o. of the powerhouse and reto francioni, the head of the deutsche exchange, would be chairman. joining us now with more, michael wong, financial services analyst at morningstar. hi, michael. >> hello, susie. >> susie: so does this combination make sense? why would these two giants want to do this deal? >> the merger pending potential merger makes sense, exchange mergers always make sense from a business standpoint. there's usually substantial expense synergies, revenue sinner swres and usually a strategic rationale behind them. that said, historicly when you look at mergers, they haven't made a lot sense from a financial point of view. it usually has come out that the acquirer has overpaid for the target. >> susie: what about for people who are buying and selling securities at these exchanges, what impa

it has been confirmed deutsche borse and the nyse euronext have confirmed a merger deal.that is still subject to regulatory and shareholder approval. it would create a combined company 60% owned by deutsche borse, with euronext shareholders taking 40%. >> for several days, it has been the stock exchanges themselves and not daily trading that have been the big story in the financial world. nyse and deutsche borse came to agreement today in a deal that will create the largest stocks and derivatives exchange in the world. >> together, we will have leading positions in almost all segments that we are active in, in europe and in the u.s. >> the frankfurt stock exchange should emee stronger from the merger. it is unclear which will have the bigger it say in the company. nyse's currently there will be the ceo. >> this will position us to increase -- to compete on a global landscape and a competitive industry. >> the nyse and the frankfurt exchange will work as one, bringing together new york's stock trading system and frankfurt's derivatives market. this was not welcome news in

the new york stock exchange is being bought by germany's giant exchange, the deutsche borse. and tom, this marks a new chapter for the 200-year-old american icon, and everyone here was talking about it. >> tom: susie, the combination creates the world's largest financial market, with a presence in more than a dozen european countries and the u.s. the all-stock deal is valued at roughly $10 billion. deutsche boerse will have a 60% stake in the new entity, the n.y.s.e.-euronext will hold 40%. the 17-seat board will have nine members from the german exchange and six from the big board. >> susie: but the two exchanges have yet to decide on a name for the new company. and that's just one of many unresolved issues for this historic partnership. suzanne pratt reports. >> reporter: it's billed as a merger of equals, but no matter how you look at it, the deutsche borse is buying the new york stock exchange. yes, today's news conference took place simultaneously in germany and in new york. still, deutsche borse chief executive reto francioni kicked it off. >> the combined group will le

it has been confirmed deutsche borse and the nyse euronext have confirmed a merger deal. that is still subject to regulatory and shareholder approval. it would create a combined company 60% owned by deutsche borse, with euronext shareholders taking 40%. >> for several days, it has been the stock exchanges themselves and not daily trading that have been the big story in the financial world. nyse and deutsche borse came to agreement today in a deal that will create the largest stocks and derivatives exchange in the world. >> together, we will have leading positions in almost all segments that we are active in, in europe and in the u.s. >> the frankfurt stock exchange should emerge stronger from the merger. it is unclear which will have the bigger it say in the company. nyse's currently there will be the ceo. >> this will position us to increase -- to compete on a global landscape and a competitive industry. >> the nyse and the frankfurt exchange will work as one, bringing together new york's stock trading system and frankfurt's derivatives market. this was not welcome news

deutsche boerse and n.y.s.e. euronext have reportedly reached an agreement on the broad outlines of a merger. the deal would create the world's largest exchange. reuters says deutsche boerse c.e.o. reto francioni would chair the new venture. but there could be a wrinkle involving the c.m.e. group, the world's top derivatives exchange group. fox reports the c.m.e. may make a hostile bid for n.y.s.e. euronext. the exchange told us it doesn't comment on rumors. tarp special inspector general neil barofsky has resigned, effective march 31. the program's money invested in banks, automakers and housing companies during the financial crisis. barofsky's prosecuted waste, fraud and abuse in it. and the re-opening of the egyptian stock market has been delayed again, until at least sunday. it was expected to re-open wednesday. the exchange has been closed since january 27, the start of the protests that led to the resignation of president hosni mubarak. >> reporter: i'm erika miller. coming up this valentines day, i'll take

he is not denied rumors he is moving to deutsche bank.t has sparked criticism. >> if he wants to move from the bundesbank did deutsche bank, he would have to wait at least one year. he was responsible for oversight. so he knows details about other banks which cannot be used by private institute. >> so it appears his critical style of economic governance will not affect the purell in the future. is not taking part in franco- german economic talks on friday. >> for more on this and an update on the market, our correspondent sense as this report from frankfurt. >> it was one of these days at the stock market's when traders have not been able to focus on their core business. of course there has been a lot of discussions going on about the chief of the german bundesbank and his future. also, there is the merger between the stock market of frankfurt and new york. shares of the doors to gained by up to 7%. this shows that people appreciate or would appreciate if this merger really would become true. at the end, it was speculation about hosni mub

deutsche boerse executives are here to emphasize the importance of new york. but the politics of this deal may overshadow its finances. >> the nyse is a symbol of new york and american capitalism. some are concerned we will lose that. i think it is silly. we see this from time to time. we saw this when sony took over columbia pictures. we saw this with automobiles to semiconductors. >> both exchanges are keen deale end of this year. >> you are watching "bbc world news." iran's president warned anti- government protesters they are enemies and leaders will be punished. the italian prime minister silvio berlusconi has been ordered to stand trial on charges he paid to have sex with a 17-year-old. food prices are at dangerous levels and have pushed 44 million people into poverty. the rapid increases have hit the poor particularly hard. it will be on the meeting wendy g-20 meet on wednesday. >> in the valleys of the andes, echoes of protests being heard around the world. they signed -- a sign of the price of rising food. here in bolivia, sugar prices have doubled. m

the new york stock exchange is in advanced talks to be acquired by the deutsch borsa, the german new york stock exchange. it would be more than 60% owned by the foreign company, but the deal is still facing political and regulatory hurdles. the new york stock exchange began more than two centuries ago against a buttonwood tree in lower manhattan. the dow jones industrial average snapped an eight-day winning streak on thursday after setting two and a half year highs during the week. then rebounded on friday. at hearings on capitol hill, federal reserve chairman ben bernanke faced harsh questions from the budget house budget committee. mr. bernanke said inflation is not a problem right now and quantitative easing created 600,000 jobs. he also said he was encouraged by the recent decline in unemployment. >>> some big consumer stocks made earnings news this week. disney beat analysts' expectations as did cisco. but the computer networking company disappointed on weaker margins and stock sold off. coke and kraft met expectations. two well-known media companies are combining forces. aol is

he is not denied rumors he is moving to deutsche bank.t has sparked criticism. >> if he wants to move from the bundesbank did deutsche bank, he would have to wait at least one year. he was responsible for oversight. so he knows details about other banks which cannot be used by private institute. >> so it appears his critical style of economic governance will not affect the purell in the future. is not taking part in franco- german economic talks on friday. >> for more on this and an update on the market, our correspondent sense as this report from frankfurt. >> it was one of these days at the stock market's when traders have not been able to focus on their core business. of course there has been a lot of discussions going on about the chief of the german bundesbank and his future. also, there is the merger between the stock market of frankfurt and new york. shares of the doors to gained by up to 7%. this shows that people appreciate or would appreciate if this merger really would become true. at the end, it was speculation about hosni mub

news from the deutsche bank, a profit downfall is being adjusted very well indeed. >> let's take a closer look at some market indices right now. staying in frankfurt, the market closed up word. blue-chip are also up. the dow jones went upon -- went up to overpower -- to over 12,024. >> the german government has once again called on the egyptian leadership to restrengthen -- to restrain from using violence. they reiterated germany's support for democracy and human rights in egypt, and warned that a general strike could affect egyptian tourist areas. the german government has expanded its travel rning to cover the entire country. israel has been very clear on how it feels about the situation in egypt. the president and prime minister both expressed concern that this will land on their doorstep. >> the meeting between the israeli president and the german chancellor was dominated by the situation in neighboring egypt. they warned of the possible threat of a religious dictatorship. angela merkel appeal to the israelis not to let this be a reason to neglect to the middle east peace process. >>

the planned merger of deutsche borse and the nyse has investors excited. but every coin has 2 your sides. therare tse w fear the merger will eventually cost frankfurt dearly. >> just replace a few computers, and it is business as usual. the traders on the floor and other business to well to believe it. >> mergers and takeovers are just other ways of saying "job cuts." >> traders in frankfurt will soon say goodbye to this trading system. the different system, not just in new york, but in paris and amsterdam, will be in use. traders will have to adapt to the changes. >> must be given guarantees that the frankfurt stock exchange will be retained in its present form. >> resistance to the deal has been growing on the other side of the land as well. some nyse euronext shareholders have filed suit, claiming the country was undervalued. they are calling the deal a takeover and insist on compensation if it goes through. >> a topeuroan court h said states can prohibit paid tv networks from having exclusive rights to world cup and european championship soccer games,

man, what a deutsche-bag. [ laughter ] finally, i read about a 90-year-old woman in the u.k.ho is believed to be the oldest yoga instructor in the world. she's really flexible. in fact, i heard that she can reach all the way down and touch her boobs. [ laughter and ohs ] ladies and gentlemen, we have a great show tonight! give it up for the roots! ♪ [ cheers and applause ] >> jimmy: we have got a fantastic show tonight. thanks, guys. from the new film "just go with it," the beautiful, the talented, the one and only jennifer aniston is here on our show! [ cheers and applause ] wow, we love her. she is just awesome. great in the movie, too. this next guy has been all over the news after taking over for larry king on cnn. piers morgan is joining us! [ cheers and applause ] i love that dude, too. also does "america's got talent," everything. he's a good man. and i'm so excited about this. we've got the winner of last night's "top chef all-stars" challenge that i got to judge. i was an awful judge, but i know when food is good and this was good. chef carla hall is here. [ cheers a

euronext issued a statement on wednesday saying it has entered into merger talks with germany's deutsche bors, the operate operator of the frankfurt stock exchange. >>> u.s. federal reserve chairman ben bernanke has stressed the need for additional monetary easing as a full recovery in the job market will take years. bernanke told the house budget committee on wednesday that a recent drop in the jobless rate to 9% is encouraging. >> notable declines in the unemployment rate in december and january, together with improvement in indicators of job openings and firms' hiring plans do provide some grounds for optimism on the employment front. >> but he was cautious about the employment outlook, saying that hiring will not fully recover for several years. republican lawmakers criticized the fed's additional credit easing, saying it's causing some commodity prices to soar. but bernanke said overall inflation is quite low and defended the fed's policy as a way to prop up the economy and stabilize prices. meanwhile, bernanke agreed with republicans on the urgency of curbing the ballooning fiscal

long been considered the front runner, but he says he is not available and is considering moving to deutsche bank. berlin's annual fresh produce expo is under way. it comes at an interesting time politically, with good security a major pic eptnd tunisia. both countries have representatives at the international trade show. both are still going through rough times. that has been affecting exports, despite the high demand for exotic fruit in germany. >> produce wholesalers throughout north africa are doing a booming business, with most of their wares exported to europe, where demand continues to climb. tunisian fruits and vegetables are sought after in france, italy, and germany. continuing unrest is beginning to affect the private sector. it is a growing concern. >> the dockworkers are demanding higher pay. most work on a day-by-day basis, but want to see immediate improvement in long-term contracts. >> in some north african cities such as alexandria, turnover of merchandise has come to a standstill. this egyptian produce company had to close down for two weeks as the result. >> a lot of peopl

frankfurt stock exchange owner deutsche bores announced its ç $10.2 billion merger with the parent ofe new york stock exchange. however, there's still no the word on a name for the combined exchange. shares of family dollar shop up nearly 30% at one point in late trade after receiving a takeover offer upwards of $7 billion. apple is taking some heat over its decision to charge publishers a 30% cut of their revenue on new subsubscription-based apps sold on i tunes. keep an eye on dell. the pc maker blew past wall street's earnings expectations after the bell. finally, a chicago public radio station says it's found one of the most closely guarded trade secrets in the history of commerce. coca-cola's secret recipe. in an article in the atlanta journal constitution from 1979. the article quoted a notebook belonging to the best friend of coke's creator. coke keeps its trade secret under lock and key and denies that they've uncovered the concoction as the real thing. >>> jordan watches the bulls. another dish for nash and a coast to coast last minute game winner on the ice. plus, this seaso

. >>> the new york stock exchange is near a deal to be acquired by germany's deutsch bors.ccording to cnbc if the deal is approved the famed nyse name will stay the same. >> hewlett-packard unveiled its new touch pad tablet yesterday, hoping to give apple's ipad a run for its money. pack light if you're flying. u.s. airways this valentine's day weekend, the airline just upped the price of overweight luggage to 90 bucks. >>> and looks like all those offers for future super bowl tickets, didn't help. the first of at least two lawsuits this one for $5 million, has been filed against the nfl and the dallas cowboys, claiming league and stadium officials knew for at least a week they would be short hundreds of prepaid seats at last sunday's big game. >>> well, coming up -- the night of the rivals in college hoops and another night to forget in cleveland. plus, the nba's best rookie blows by one of the league's top all stars. your early morning sports headlines are straight ahead. >>> now that the latest winter storm is leaving and the arctic blast, that's on the wane. a big winte

deutsche bank senior analyst bill dreher says there are no easy answers for walmart. >> we're very concerned that not only will the economic recovery be slow, but also walmart's ability to change their position will also take some time. we're similarly looking for same-store sales for u.s. stores to be flat to down this year again, after a disappointing year last year. >> tom: walmart fell 3% on the news. volume was twice normal. the sell-off brings the stock back to prices it saw for the better part of four months late last year. other retail earnings include macy's fourth quarter coming in a nickel better than estimates. its own house brands and exclusive merchandise got the credit. home depot also beat the street. unlike walmart, home depot saw strong growth at its u.s. stores. and it's raised its guidance. still, macy's and home depot fell 1% after their earnings reports. dollar tree may be one to watch tomorrow with its earnings call. one company relying on retail, v.f. corporation, is better known for lee jeans, vans shoes, and north face outdoor gear. the stock took off today, up 7% t

if the deutsche borse buys the nyse-euronext. it would create the world's largest stock exchange. we're hearing the nyse board will meet sunday to discuss the offer. >> tom: here's what we're watching for next week: our friday market monitor guest is joe battipaglia, market strategist at stifel nicolaus. on monday, the white house releases its 2012 budget. later in the week, we'll get the january reports on retail sales and leading indicators. monday, kipplinger's kevin mccormally is back with tax tips. he explains how you may be able to file for free this year. >> susie: uncle sam says there are major safety issues with the trans-alaska oil pipeline. reuters got its hands on a letter from the department of transportation to the pipleline's operator alyeska. it warns the 800-mile system has many weak spots and continuing operations is risky until repairs are made. the letter follows a january leak that shut the pipeline down for several days. the trans-alaska delivers 12% of the u.s.'s oil supply. >> tom: are you feeling the pinch at the pump? gas prices hit their highest level so

>> what is your take on the news of the week, marty, the new york stock exchange and the german deutsche borse announcing a definitive agreement where the german company would become the majority holder of the new york stock exchange? is this more than symbolic? what does it tell you? >> it really i don't think is going to change the way business is done in new york or in the new york stock exchange. so there will be a different parent holding company, but i don't think it really says anything about the way in which our markets are going to operate. >> all right. we'll leave it there. marty, always nice to have you on the program. thank you so much. >> good to be with you. >> we'll see you soon. martin feldstein joining us. >>> up next, donald rumsfeld back in the public eye with a new memoir that looks back on his long career and his regrets. >> i decide id should resign, and i did. i attempted to resign twice. >>> and later, has our recent winter weather d your travel plans? how to protect yourseland your vacation when mother nature has other ideas. ss carrier. you may have heard them

offering worth up to one billion dollars the sum up russia's leading internet search engine has hired deutsche bank and morgan stanley as underwriters for the i.p.o. and plans to trade on the nasdaq stock exchange the search engines offering could become one of the largest companies in twenty eleven and mail dot our use nine hundred twenty and twelve million dollar i.p.o. last november which recently landed in the top fifteen most innovative companies previously planned to issue an i.p.o. back in two thousand and eight but halted its plans due to the crisis. the ongoing dispute between shareholders and nickel could be coming to a close after the company made a renewed offer to buy but twenty percent of its shares from one of its own as a league city plus cup since the middle of last year two of neurons to nichols majority's shareholders the c.e.o. roussel alexander pastor and the head of interop splitting up a time in have been buying for control in the coproducer but with both billionaires having twenty five percent blocking stakes and refusing to yield to one another any further development

week's trading mostly affected by tensions in the middle east and mounting all prices so sooner off deutschebank explains why gas palm was among the top gainers there were some people still with the good performance and but people are desperate on. oil prices and there's no. hurry and everything will fall desperate because gas prices prices on the but the taxation for gas from the if the oil companies just promiscuous have been efficient credit will price until they're going to perform poorly so in that the progression of growth will be used to finance excluded loans from the sale of them to speak in that the web by the street this year and this creates the potential market global him with the bushes and that's all the business news for now but you can always find more stories on our website at r.t. dot com slash business thanks for watching. wealthy british style. is not tied to the ties. of. markets why not. find out what's really happening to the global economy in these kinds of reports on our. news today violence is once again flared up the film these are the images the world has been se

grown ups step in now this is the reformed broker joshua brown talking about an announcement from deutsche bank a crucial bank to this global banking cartel very crucial in the creation of derivatives now they have suspended further issuance of the power shares d.b. agriculture double long exchange traded note its trades on the new york stock exchange or the simple dag. apparently industry sources believe that exposure the a.t.n. was holding to corn wheat soy beans and sugar futures was nearing limits that might attract the attention of regulators at the commodity. futures trading commission that's right one way to keep the lid on the speculators running amuck are position limits and margin requirements as if you're a member of the end of last year or so or was getting through thirty and then the see after you see under former goldman sachs guy gary gensler and his crew simply expanded the position limits and expanded the margin requirements or reduced the margin requirements and in such a way they allowed for more of the criminals the criminal banking elite to manipulate these prices even

this hour royal dutch shell slumped over three percent after a fourth quarter results meanwhile deutsche bank is shutting losses on the dax even after reporting a fifty four percent drop in fourth quarter net profits to eight hundred thirty million dollars and the european central bank has decided to keep interest rates unchanged despite rising inflation. and in russia the russian markets are losing an afternoon trading energy shares have retreated with gazprom losing over three quarter of a percent luke oil is only slightly brosnan after setting under two percent in the rising leader though it's come oz the company has gained almost three and a half percent during the day on the news that the dialogue may sell more than ten percent come on. many amas believe that emerging markets are fast becoming the new drivers of global economic growth but russell knapp here global equity strategist says this is just. a product. capital misallocation that's going to go to lose so would we see these sort of visions for example to sell the future to be an emerging world one of the discussion we've had

the summer russia's leading internet search engine has hired deutsche bank and morgan stanley as underwriters for the i.p.o. and plans to trade on the nasdaq stock exchange the search engines offering could become one of the largest four companies in twenty eleven and mailed out our use nine hundred twelve million dollar i.p.o. last november. which recently landed in the top fifteen most innovative companies previously planned to issue shares back in two thousand and eight but halted its plans to tour the crisis. in the book zero project europe's answer to russia's back to north and south stream gas pipeline for jets has doubled in cost after a recent revalidation the proposed three thousand and two hundred kilometer pipeline which the e.u. hopes will help reduce dependency on russia by transporting gets from b.p.'s new twenty billion dollar project in the caspian sea was initially supposed to cost nine and a half billion dollars but a recent assessment by b.p. her split the cost of nineteen billion dollars many analysts have questioned the project's viability as the majority of the gas field

worth up to one billion dollars this summer where she is leaving internet search engine has hired deutsche bank and morgan stanley as underwriters for the i.p.o. to trade on the nasdaq stock exchange a search engines offering could become one of the largest companies in two thousand and eleven and would surpass mail dot ru's nine hundred twelve million dollars last november your given on call from invest cafe believes potential investors should approach with care. the market is now entering a new stage in the vein of the y2k bubble whereby investors will be cautious when looking at yandex probable valuation of seven or eight billion dollars in reality this tendency is very dangerous because buying the shares in the hopes to then sell them are you playing the speculative game some will manage to get off the train but others will be jumping out of the skyscraper in fear of the credit to the. european shares declined on monday as investors nervously watched tensions spread across the middle east and north africa you case put the slip point two percent to several of its mining stocks from the

first big sale in russia's ambitious privatization program roche hours overnight that merrill lynch deutsche bank and bt capital will be held in the u.s. britain scandinavian states germany and small scale analysts named middle eastern sovereign wealth funds among the potential buyers for the stake presidency david also reports that about half of the ten percent stake may be acquired by italian insurance group generally. the price for brant crude oil went beyond the hundred dollar mark this small this latest rise was reportedly due to the tensions in egypt . christophe chief economist and vice president of b.p. says that the overall price growth was due to tightening oil markets. what has happened already over the last few months because stable supply and growing demand in majoris wrote what it was invisible the reason for this is we had so much floating storage oil stored over see that us disappear didn't show up in official statistics now with december the official statistics you see the initial is going down at the end of the book that is the summary of that is that by the beginning of th

offering worth up to one billion dollars this summer russia's leading internet search engine has hired deutsche bank and morgan stanley as underwriters for the i.p.o. and plans to trade on the nasdaq stock exchange the search engines offering could become could become one of the largest companies in two thousand and eleven and would surpass mail dot ru nine hundred twelve million dollars i.p.o. last november the on deck switch recently landed in the top fifteen most innovative companies previously planned to issue shares back in two thousand and eight but halted its plans due to the crisis. and it's look at the markets it's a sea of red in europe the parties trading a quarter of a percent lower with banks among the top losers shares of barclays dropped one point seven percent and those of royal bank of scotland well over two and a half percent investors are not making any big moves concern about tensions spreading across the middle east and north africa. here in russia the equity markets are posting gains as oil continues to rise due to political upheavals in the middle east this is pushing ene

deutsche of birth has agreed to buy and why is the zero next for nine point five billion dollars the long awaited deal will create the world's largest owner of equities and derivatives markets the frankfurt based course will control sixty percent of the news corp second to be figures on the u.s. markets now then they opened lower others still pretty much in negative territory as retail sales in january only point three percent that's haul for and they said expected and this is bearing worries about the pace of recovery of the world's largest probably due to bad weather conditions and winter. gloom is limiting gains on the european markets which closed just a few minutes ago footsie is down point four percent of the close however the banking stocks are stronger with barclays in the lead up four point two percent at the close as its earnings reports beat expectations close or not. and there was a change of direction on russia's markets throughout the day indices ended the session point seven percent down investors are not finding reasons for growth easily enough to see we are going to