cheap Supra Shoes for sale in 2011
NEW YORK (Reuters) –cheap Supra Shoes Nasdaq OMX Group and Intercontinental Exchange Inc said on Tuesday they have lined up commitments to fund their proposed takeover of the New York Stock Exchange’s parent company and have offered to pay a reverse breakup fee if a deal fails to go through.
Nasdaq Chief Executive Robert Greifeld and ICE CEO Jeffrey Sprecher, who faulted NYSE’s board for rebuffing their offer last week without meeting them, said in a joint statement that they hope the board will engage in talks now.
Nasdaq and ICE made an unsolicited $11.3 billion bid on April 1 for NYSE Euronext, which NYSE’s board unanimously rejected in favor of an earlier, friendly merger agreement with Germany’s Deutsche Boerse AG. That deal,
proposed in February, is valued at $10.2 billion.WASHINGTON (Reuters) – U.S. Treasury Secretary Timothy Geithner on Tuesday said there was “no risk” that the United States would lose its prized AAA credit rating, saying political prospects for long-term deficit reduction were improving.
“No risk of that,” Geithner told Fox Business Network when asked if the United States would see a downgrade after Standard & Poor’s on Monday slapped a negative outlook on its Treasury debt rating.NEW YORK (AFP) – US stocks plunged Monday after ratings agency Standard & supra shoes Poor’s issued its first warning on US sovereign debt, citing Washington’s looming debt and fiscal deficits.
The Dow Jones Industrial Average dived 233.33 points (1.89 percent) to 12,108.50 at 1410 GMT, while the tech-heavy Nasdaq Composite skidded 57.16 points (2.07 percent) to 2,707.49.
The broad-market S&P 500-stock index shed 23.04 points (1.75 percent) at 1,296.64.
Shortly before the market open, Standard & Poor’s revised for the first time its outlook on US sovereign debt to “negative” from “stable,” but said the United States had until 2013 to come up with a credible plan for addressing its financial problems.
“Again, if you listen carefully now, you see the leadership of the United States of America … recognizing now this is the right thing to do for the economy.”
Geithner made the comments in a morning blitz of three major business network interviews to voice disagreement with the S&P move and emphasize Washington was serious about putting in place mechanisms that would bring down deficits.
“Actually, I think things are better than they’ve been if you want to think about the prospects for improving our long-term fiscal position,” Geithner told CNBC television.
“If you’re looking very carefully at what’s happening in Washington you see people on both sides — Democrats and Republicans — agreeing with the president that we have to put in place some reforms now to bring down our long-term deficits,” he added.
Processing your request, Please wait....
